75-25-101. Alternative energy revolving loan account. (1) There is a special revenue account called the alternative energy revolving loan account to the credit of the department of environmental quality.
     (2) The alternative energy revolving loan account consists of money deposited into the account from air quality penalties from 75-2-401 and 75-2-413 and money from any other source. Any interest earned by the account and any interest that is generated from a loan repayment must be deposited into the account and used to sustain the program.
     (3) Funds from the alternative energy revolving loan account may be used to provide loans to individuals and small businesses for the purpose of building alternative energy systems, as defined in 15-32-102, for residences and small businesses to generate energy for their own use and for net metering as defined in 69-8-103.
     (4) The amount of a loan may not exceed $10,000, and the loan must be repaid within 5 years.

     History: En. Sec. 1, Ch. 591, L. 2001.