USDA Advances on Bond Mechanism: New $$ Source for Biofuels Expansion?
by Jim Lane (Biofuels Digest) In Washington, the USDA adopted a bond mechanism into its Business & Industry Loan Guarantee Program to mirror what the DOE already had done in each of its Section 1703 and Section 1705 Loan Guarantee Programs.
The mechanism had been proposed in public comments submitted by Mintz Levin, Stern Brothers and Kreig DeVault. According to Mintz Levin’s Mark Riedy, “We expect that USDA shortly will issue final rules for its 9003 and 9007 loan guarantee programs adopting our bond finance mechanism and removing the US ownership restriction. READ MORE
Related posts:
- The Name is Bond: New Concepts in Bond Financing May Break Biofuels Finance Logjam
- The Name is Bond, part II: Financiers Find Biofuels Financing Options in Bond Market
- Vilsack: USDA Needs to Take Chances
- U.S. Incentives to Promote Renewable Energy
- USDA Offers Guaranteed Loans for Commercial-Scale Biorefineries


