“Angels Lending Group Officials recently offered formal support for the new US Interior Budget Appropriation’s goal of a New Energy Frontier.”

The U.S. Department of The Interior Bureau of Land Management outlined a new interior  Budget that includes $50.1 million to spur renewable energy projects on Federal lands, facilitate the siting of new transmission facilities, assess alternative energy resources, and ensure adequate environmental protections.

Angels Lending Group Officials have been vigorously promoting the cause of renewable energies domestically within the United States and was pleased at the Nation’s movement towards this cause.

As part of the nation’s clean energy future, the Minerals Management Service would receive increases of $24 million for the development of a robust renewable energy leasing program on the Outer Continental Shelf that will return revenues to the American people.  The Bureau of Land Management would receive an increase of $16.1 million for permitting and leasing renewable energy resources and developing transmission facilities, including planning, environmental assessments and analyses. The BLM will use $11 million of that increase to establish four renewable Energy Coordination offices to increase permitting processing capacity and accelerate the delivery of renewable energy to customers.

Angels Lending Group Officials affirmed their commitment and pointed out that such funding appropriations were very wise decisions and would help the private sector when it came to financing. ALG Officials stated this due to their Senior Staff’s observations that having projects up and running would help set the example for others seeking to emulate those causes; thus making it easier for the private sector to identify proper examples.

The Bureau of Indian Affairs would receive $5 million to support renewable energy development on tribal and BIA-managed lands, which will lead to improved economic development.  About $3 million would be used for the USGS to develop scientific information that will inform renewable energy development. The Fish and Wildlife Service would receive $3 million to ensure the protection of fish and wildlife throughout the development process.

Angels Lending Group Officials invited principals seeking to help in the development of these causes and stated that submissions of these types of projects would be a very welcome sight for underwriting personnel.

Angels Lending Group Corporation is a Private Lending Institution that works with Federal Governing Regulatory Bodies to utilize the Institutional Side of Banking with company funds to facilitate Green & Humanitarian Based Loans to Borrowers.

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