Solar Energy and Energy Conservation Act

The Solar Energy and Energy Conservation Act of 1980 (SEECA) was legislation enacted by the 96th U.S. Congress. It has since been repealed. It was one of six acts enacted by the Energy Security Act of 1980.

Solar Energy and Energy Conservation Act
Great Seal of the United States
Long titleSolar Energy and Energy Conservation Act of 1980
Enacted bythe 96th United States Congress
Legislative history

Source:[1]

Solar Energy and Energy Conservation Bank

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The SEECA created the Solar Energy and Energy Conservation Bank, which in turn had the following powers before SEECA had been repealed:

  • To purchase loans and advance credit for energy conserving systems or solar energy systems.
  • To purchase mortgages secured by newly constructed homes with solar energy systems.

Source:[2]

Due to the scheduled expiration, pursuant to SEECA law, of the Bank's authorization, the Bank ceased operations in 1988.[3]

References

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  1. ^ S.932 - 96th Congress (1979–1980): Energy Security Act | Congress.gov | Library of Congress  This article incorporates text from this source, which is in the public domain.
  2. ^ Charter Act With New Footnotes (ginniemae.gov)
  3. ^ Office, U. S. Government Accountability. "Use of Appropriated Funds for the Solar Energy Conservation Bank | U.S. GAO". www.gao.gov. Retrieved 2024-03-23.