Page:United States Statutes at Large Volume 119.djvu/1109

 PUBLIC LAW 109–58—AUG. 8, 2005

119 STAT. 1091

(B) subject to the cost-sharing requirements of section 988. (d) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to carry out this section $110,000,000 for each of fiscal years 2005 through 2009. SEC. 1515. WASTE-DERIVED ETHANOL AND BIODIESEL.

Section 312(f)(1) of the Energy Policy Act of 1992 (42 U.S.C. 13220(f)(1)) is amended— (1) by striking ‘‘ ‘biodiesel’ means’’ and inserting the following: ‘‘ ‘biodiesel’— ‘‘(A) means’’; and (2) in subparagraph (A) (as designated by paragraph (1)) by striking ‘‘and’’ at the end and inserting the following: ‘‘(B) includes biodiesel derived from— ‘‘(i) animal wastes, including poultry fats and poultry wastes, and other waste materials; or ‘‘(ii) municipal solid waste and sludges and oils derived from wastewater and the treatment of wastewater; and’’. SEC. 1516. SUGAR ETHANOL LOAN GUARANTEE PROGRAM.

42 USC 16503.

(a) IN GENERAL.—Funds may be provided for the cost (as defined in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) of loan guarantees issued under title XIV to carry out commercial demonstration projects for ethanol derived from sugarcane, bagasse, and other sugarcane byproducts. (b) DEMONSTRATION PROJECTS.—The Secretary may issue loan guarantees under this section to projects to demonstrate commercially the feasibility and viability of producing ethanol using sugarcane, sugarcane bagasse, and other sugarcane byproducts as a feedstock. (c) REQUIREMENTS.—An applicant for a loan guarantee under this section may provide assurances, satisfactory to the Secretary, that— (1) the project design has been validated through the operation of a continuous process facility; (2) the project has been subject to a full technical review; (3) the project, with the loan guarantee, is economically viable; and (4) there is a reasonable assurance of repayment of the guaranteed loan. (d) LIMITATIONS.— (1) MAXIMUM GUARANTEE.—Except as provided in paragraph (2), a loan guarantee under this section— (A) may be issued for up to 80 percent of the estimated cost of a project; but (B) shall not exceed $50,000,000 for any 1 project. (2) ADDITIONAL GUARANTEES.— (A) IN GENERAL.—The Secretary may issue additional loan guarantees for a project to cover— (i) up to 80 percent of the excess of actual project costs; but (ii) not to exceed 15 percent of the amount of the original loan guarantee.

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