Page:United States Statutes at Large Volume 119.djvu/773

 PUBLIC LAW 109–58—AUG. 8, 2005

119 STAT. 755

(B) the amount of the loan (when combined with amounts available to the borrower from other sources) will be sufficient to carry out the project; and (C) there is a reasonable prospect that the borrower will repay the principal and interest on the loan. (3) INTEREST; TERM.—The direct loan provided under subsection (b) shall bear interest at a rate and for a term that the Secretary determines appropriate, after consultation with the Secretary of the Treasury, taking into account the needs and capacities of the borrower and the prevailing rate of interest for similar loans made by public and private lenders. (4) ADDITIONAL TERMS AND CONDITIONS.—The Secretary may require any other terms and conditions that the Secretary determines to be appropriate. (d) USE OF PAYMENTS.—The Secretary shall retain any payments of principal and interest on the direct loan provided under subsection (b) to support energy research and development activities, to remain available until expended, subject to any other conditions in an applicable appropriations Act. (e) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated such sums as are necessary to provide the cost of a direct loan under subsection (b). SEC. 413. WESTERN INTEGRATED COAL GASIFICATION DEMONSTRATION PROJECT.

42 USC 15973.

(a) IN GENERAL.—Subject to the availability of appropriations, the Secretary shall carry out a project to demonstrate production of energy from coal mined in the western United States using integrated gasification combined cycle technology (referred to in this section as the ‘‘demonstration project’’). (b) COMPONENTS.—The demonstration project— (1) may include repowering of existing facilities; (2) shall be designed to demonstrate the ability to use coal with an energy content of not more than 9,000 Btu/lb.; and (3) shall be capable of removing and sequestering carbon dioxide emissions. (c) ALL TYPES OF WESTERN COALS.—Notwithstanding the foregoing, and to the extent economically feasible, the demonstration project shall also be designed to demonstrate the ability to use a variety of types of coal (including subbituminous and bituminous coal with an energy content of up to 13,000 Btu/lb.) mined in the western United States. (d) LOCATION.—The demonstration project shall be located in a western State at an altitude of greater than 4,000 feet above sea level. (e) COST SHARING.—The Federal share of the cost of the demonstration project shall be determined in accordance with section 988. (f) LOAN GUARANTEES.—Notwithstanding title XIV, the demonstration project shall not be eligible for Federal loan guarantees. SEC. 414. COAL GASIFICATION.

42 USC 15974.

The Secretary is authorized to provide loan guarantees for a project to produce energy from a plant using integrated gasification combined cycle technology of at least 400 megawatts in capacity that produces power at competitive rates in deregulated

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