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 interests 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. Permits the Solar Bank to develop standards for certifying that the solar energy equipment, installation and related costs will result in a meaningful reduction in the conventional energy dependence of the year. Requires the Solar Bank to establish guidelines for the distribution of its loans among commercial and residential uses and requires that at least 60 percent of such monies loaned be for residen…