### Question
How does the law define qualified borrower?


### Answer
Under *30 U.S.C. § 1141*, **qualified borrower** is defined as:

> any public or private agency, institution, association, partnership, corporation, political subdivision, or other legal entity which (as determined by the head of the designated agency) has presented satisfactory evidence of an interest in geothermal resources and is capable of performing research or completing the development and production of energy in an acceptable manner

#### Citation:
  - *30 U.S.C. § 1141*
  - Heading: **CHAPTER 24-GEOTHERMAL ENERGY RESEARCH, DEVELOPMENT, AND DEMONSTRATION > SUBCHAPTER II-LOAN GUARANTIES**

