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S. 3115: Rural HOMES Act

The text of the bill below is as of Jun 21, 2018 (Introduced).


II

115th CONGRESS

2d Session

S. 3115

IN THE SENATE OF THE UNITED STATES

June 21, 2018

(for himself, Ms. Smith, and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To amend the Farm Security and Rural Investment Act of 2002 to extend and modify the rural energy savings program, and for other purposes.

1.

Short title

This Act may be cited as the Rural Housing Opportunity Maximization for Energy Savings Act or the Rural HOMES Act.

2.

Rural energy savings program

Section 6407 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8107a) is amended—

(1)

in subsection (b)—

(A)

in paragraph (1)—

(i)

in subparagraph (B), by striking or at the end;

(ii)

in subparagraph (C), by striking the period at the end and inserting ; or; and

(iii)

by adding at the end the following:

(D)

an entity comparable to an entity described in any of subparagraphs (A) through (C) that the Secretary determines provides energy efficiency services to rural consumers.

;

(B)

in paragraph (2)—

(i)

by striking The term and inserting the following:

(A)

In general

The term

; and

(ii)

by adding at the end the following:

(B)

Inclusion

The term energy efficiency measures includes the replacement of a manufactured home with another manufactured home if the eligible entity determines that the replacement would be cost-effective in increasing energy efficiency.

;

(C)

by redesignating paragraphs (3) and (4) as paragraphs (4) and (5), respectively;

(D)

by inserting after paragraph (2) the following:

(3)

Manufactured home

(A)

In general

Subject to subparagraph (B), the term manufactured home has the meaning given the term in section 982.4(b) of title 24, Code of Federal Regulations (or successor regulations).

(B)

Requirement

The term manufactured home includes only an owner-occupied manufactured home that is located on land—

(i)

that is owned by the owner of the manufactured home; or

(ii)

for which the owner of the manufactured home has a long-term lease arrangement that—

(I)

is not less than 2 years longer than the term of the applicable loan under this section; and

(II)

includes a predetermined rental rate agreement.

; and

(E)

in paragraph (4) (as so redesignated), by striking served by and inserting located in the service area of;

(2)

in subsection (d)(1)(B), by inserting (or not more than 20 years in the case of a loan for the replacement of a manufactured home with another manufactured home) after 10 years; and

(3)

in subsection (h), by striking 2018 and inserting 2023.