Page:United States Statutes at Large Volume 106 Part 4.djvu/151

 PUBLIC LAW 102-486—OCT. 24, 1992 106 STAT. 2887 (3) covering the incremental costs of purchase of non-road vehicles and engines designated by the Secretary pursuant to section 412(c) of this title. (b) LOAN TERMS.—The Secretary, to the extent practicable, shall establish reasonable terms for loans made under this subsection, with preference given to repayment schedules that enable such loans to be repaid by the borrower from the cost difiTerential between gasoline and the alternative fuel on which the motor vehicle operates. (c) CRITERIA.—In deciding to whom loans shall be made under this subsection, the Secretary shall consider— (1) the financial need of the applicant; (2) the goal of assisting the greatest number of applicants; \ and (3) the ability of an applicant to repay the loan, taking into account the fuel cost savings likely to accrue to the applicant. (d) PMORITIES.—Priority shall be given under this section to fleets where the use of alternative fuels would have a significant beneficial effect on energy security and the environment. (e) AUTHORIZATION OF APPROPRIATIONS.— T here are authorized to be appropriated to the Secretary for carrying out this section, $25,000,000 for each of the fiscal years 1993, 1994, and 1995. TITLE V—AVAILABILITY AND USE OF REPLACEMENT FUELS, ALTERNATIVE FUELS, AND ALTERNATIVE FUELED PRIVATE VEHICLES SEC. 501. MANDATE FOR ALTERNATIVE FUEL PROVIDERS. 42 USC 13251. (a) IN GENERAL.—(1) The Secretary shall, before January 1, Regulations. 1994, issue regulations requiring that of the new light duty motor vehicles acquired by a covered person described in paragraph (2), the following percentages shall be alternative fueled vehicles for the following model years: (A) 30 percent for model year 1996. (B) 50 percent for model year 1997. (C) 70 percent for model year 1998. (D) 90 percent for model year 1999 and thereafter. (2) For purposes of this section, a person referred to in paragraph (1)is— (A) a covered person whose principal business is producing, storing, refining, processing, transporting, distributing, importing, or selling at wholesale or retail any alternative fuel other than electricity; (B) a non-Federal covered person whose principal business is generating, transmitting, importing, or selling at wholesale or retail electricity; or (C) a covered person— (i) who produces, imports, or produces and imports in combination, an average of 50,000 barrels per day or more of petroleimi; and (ii) a substantial portion of whose business is producing alternative fuels.

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