Solar Energy Bank Act

[AI summary unavailable — showing source text] Solar Energy Bank Act - Creates a Government corporation to be known as the Solar Energy Development Bank to make long-term, low-interest loans to encourage the use of solar energy in commercial and residential structures. Prohibits conflicts of interest on the part of officers or employees of the Bank. Prohibits the Bank or its employees from utilizing the Solar Bank to finance political activities. Imposes criminal penalties for the furnishing of false or misleading information by applicants for loans under this Act. Allows the Solar Bank to make loans directly, or through lending institutions which are entitled to reasonable fees for their services. Sets the annual interest rates on such loans at not more than three percent and limits the loans to a maximum of 30 years duration. Requires that the detailed plans submitted with each loan application include installation, architectural, and design plans and fees, if applicable. Prohibits the approval of loans unless the Solar Bank finds that the proposed equipment and related expenses are appropriate and reasonable and will result in a meaningful reduction in the conventional energy dependence of the user. Requires the Solar Bank t…