§ 13239. Low interest loan program
(a)
Establishment
Within 1 year after October 24, 1992, the Secretary shall establish a program for making low interest loans, giving preference to small businesses that own or operate fleets, for—
(b)
Loan terms
The Secretary, to the extent practicable, shall establish reasonable terms for loans made under this subsection, with preference given to repayment schedules that enable such loans to be repaid by the borrower from the cost differential between gasoline and the alternative fuel on which the motor vehicle operates.
(c)
Criteria
In deciding to whom loans shall be made under this subsection, the Secretary shall consider—
(d)
Priorities
Priority shall be given under this section to fleets where the use of alternative fuels would have a significant beneficial effect on energy security and the environment.
(e)
Authorization of appropriations
There are authorized to be appropriated to the Secretary for carrying out this section, $25,000,000 for each of the fiscal years 1993, 1994, and 1995.