Article: United States: Congressman Hodes passes revolving loan fund for Alternative Energy out financial services committee.

Byline: prashant03

GREEN Act, a bill that he is an original co-sponsor of, to create a revolving fund for loans to States and Indian tribes to carry out renewable energy sources activities which was reported out of the Financial Services Committee. Congressman Hodes introduced this measure as part of HR 6450, the Energy Conservation Opportunity Fund.

The fund will be created and run out of the Department of Treasury. The fund will provide loans to states which in turn will provide assistance to owners of single-family and multi-family housing for renewable energy sources and energy efficiency improvements and features. This fund can help Fraser Papers in ...

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