Page:United States Statutes at Large Volume 94 Part 1.djvu/733

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 683

(2) On the basis of each notification by the Corporation made pursuant to section 131(k)(2) to the Secretary of the Treasury of an award of financial assistance by the Corporation, and consistent with the provisions of section 152, the Secretary of the Treasury shall reserve within the Energy Security Reserve an amount equal to the amount determined pursuant to section 131(k)(l). (3) Upon receipt of notification from the Corporation under section 131(k)(2), the Secretary of the Treasury, within 15 calendar days, shall certify to the Corporation that the amount required by paragraph (2) has been reserved within the Energy Security Reserve. (b) For purposes of purchasing the obligations of the Corporation pursuant to subsection (a), the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act (31 U.S.C. 752 et seq.), and the purposes for which securities may be issued under such Act are extended to include such purchases. (c) All redemptions, purchases, and sales by the Secretary of the Treasury of such obligations under this section shall be treated as public debt transactions of the United States. TITLE II-BIOMASS ENERGY AND ALCOHOL FUELS SHORT TITLE

Biomass Energy and Alcohol [j|^s ^^^ °f

SEC. 201. This title may be cited as the "Biomass Energy and 42 USC 880i Alcohol Fuels Act of 1980". "ote. FINDINGS

SEC. 202. The Congressfindsthat— 42 USC ssoi. (1) the dependence of the United States on imported petroleum and natural gas must be reduced by all economically and environmentally feasible means, including the use of biomass energy resources; and (2) a national program for increased production and use of biomass energy that does not impair the Nation's ability to produce food and fiber on a sustainable basis for domestic and export use must be formulated and implemented within a multiple-use framework. DEFINITIONS

SEC. 203. As used in this title— 42 USC 8802. (1) The term "alcohol" means alcohol (including methanol and ethanol) which is produced from biomass and which is suitable for use by itself or in combination with other substances as a fuel or as a substitute for petroleum or petrochemical feedstocks. (2)(A) The term "biomass" means any organic matter which is available on a renewable basis, including agricultural crops and agricultural wastes and residues, wood and wood wastes and residues, animal wastes, municipal wastes, and aquatic plants. (B) For purposes of subtitle A, such term does not include municipal wastes; and for purposes of subtitle C, such term does not include aquatic plants and municipal wastes. (3) The term "biomass fuel" means any gaseous, liquid, or solid fuel produced by conversion of biomass. (4) The term "biomass energy" means— (A) biomass fuel; or

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