Accelerated Solar Energy Utilization Act of 1979

[AI summary unavailable — showing source text] Accelerated Solar Energy Utilization Act of 1979 - Title I: Establishment of National Solar Goal - Establishes a national goal for the increased use of Solar energy and renewable energy resources as a part of the Nation's total energy supply in the year 2000. Title II: Establishment of Solar Energy Development Bank - Establishes a Government corporation in the Department of Housing and Urban Development (HUD) to be known as the Solar Energy Development Bank to provide subsidies of long-term low-interest loans made for the purchase and installation of solar energy systems in residential and commercial structures. Sets forth requirements for eligibility for such subsidies, and other terms and conditions thereto. Establishes a seven member advisory board to make annual reports to the Congress and the President on the operation of the program established by this Act and to advise the President of the Solar Bank and the Secretary of HUD. Permits the Solar Bank to utilize the services of HUD personnel. Imposes criminal penalties for the furnishing of false or misleading information by applicants for loans subsidized under this Act, and for the misuse of such loan funds. Directs the Solar…