Title 30 — Mineral Lands and MiningRelease 119-73
§1512 Loan size limitation
Title 30 › Chapter CHAPTER 27— - GEOTHERMAL ENERGY › Subchapter SUBCHAPTER I— - PROJECT LOANS › § 1512
Summary
Loans for projects can cover up to 50% of project costs. If the reservoir is used mainly for heating, cooling, or process heat for buildings or facilities existing or under construction, loans can cover up to 90% but not over $3,000,000.
Full Legal Text
Title 30, §1512
Mineral Lands and Mining — Source: USLM XML via OLRC
The amount of any loan made under section 1511(a) of this title with respect to a project described in that section shall not exceed 50 percent of the cost of such project; except that if the loan is made to a person proposing to make application of the resources of the reservoir involved primarily for space heating or cooling or process heat for one or more structures or facilities then existing or under construction, the loan may be in any amount up to 90 per centum of such cost. In any event no loan shall be made in an amount in excess of $3,000,000.
Reference
Citations & Metadata
Citation
30 U.S.C. § 1512
Title 30 — Mineral Lands and Mining
Last Updated
Apr 6, 2026
Release point: 119-73