Department Of Agriculture Issues Interim Final Rule For Biorefinery Assistance (Section 9003) Loan Guarantee Program

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On February 14, 2011, the United States Department of Agriculture (USDA) published the long-awaited interim final rule governing its Biorefinery Assistance Loan Guarantee Program (the 9003 Program). Previous concerns raised by private-sector lenders and project developers when the proposed rule was issued in April 2010 are addressed in the interim final rule, which allows for greater participation by private-sector lenders and relaxes certain eligibility requirements. The interim final rule therefore should make Section 9003 loan guarantees more accessible to biorefinery developers.

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Published In: Agriculture Updates, Energy & Utilities Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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