Read the following passage carefully:
Under the 2026 Archipelago Energy Security Framework, remote inhabited islands located more than fifty nautical miles from the mainland grid are mandated to transition entirely to isolated renewable microgrids powered by solar-wind hybrid systems. The policy mandates that all mainland thermal fuel subsidies will be systematically phased out over three years for these targeted island territories. However, the framework explicitly stipulates that federal capital grants for microgrid installation will be disbursed only to island local bodies that have established a registered community-owned energy cooperative with a minimum 40% local equity participation. Furthermore, island territories that fail to achieve operational cooperative status within eighteen months of the policy's enactment will forfeit their eligibility for capital grants, compelling them to source private commercial loans without federal sovereign guarantees. The framework also dictates that any surplus electricity generated by these microgrids must be prioritized for local seawater desalination facilities before any grid export or industrial diversion is permitted.
Based on the passage above, evaluate whether the following statement is True or False:
Statement: An inhabited island located sixty nautical miles from the mainland that does not operationalize a community-owned energy cooperative within eighteen months of the policy's enactment will be ineligible for federal capital grants and must rely on non-sovereign-guaranteed private commercial loans to fund its microgrid installation.
Cevap: Cevap