Page:United States Statutes at Large Volume 94 Part 1.djvu/747

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 697

the head of such other Federal agencies as the Secretary deems appropriate. (b) Not later than 90 days after the date of the enactment of this Transmittal to Act, the Secretary shall transmit the comprehensive plan to the President and Congress. President and the Congress. (c) The comprehensive plan under this section shall include a Statement. statement setting forth— (1) the anticipated research, development, demonstration, and commercialization objectives to be achieved; (2) the management structure and approach to be adopted to carry out such plan; (3) the program strategies, including detailed milestone goals to be achieved; (4) the specific funding requirements for individual program elements and activities, including the total estimated construction costs of proposed projects; and (5) the estimated relative financial contributions of the Federal Government and non-Federal participants in the program. (d) Not later than January 1, 1982, the Secretary shall prepare and Report to President submit to the President and the Congress a report containing a Congress. and complete description of any financial, institutional, environmental, and social barriers to the development and application of technologies for the recovery of energy from municipal wastes. CONSTRUCTION LOANS

SEC. 232. (a) Subject to sections 235 and 236, the Secretary of Energy 42 USC 8832. may commit to make, and make, loans for the construction of municipal waste energy projects. OIJXD Any loan under this section— (A) may not exceed 80 per centum of the total estimated cost of the construction of the municipal waste energy project involved, and (B) shall bear interest at a rate determined by the Secretary of Energy (taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans) plus not to exceed one per centum, as determined by the Secretary of Energy, and adjusted to the nearest one-eighth of one per centum. (2) In the event the total estimated costs of construction of the project thereafter exceed the total estimated costs initially determined by the Secretary of Energy, the Secretary may in addition, upon application therefor, make a loan for so much of the additional estimated costs as does not exceed 10 per centum of the initial total estimated costs of construction. (c) A loan may not be made under this section unless the person applying for such loan has established to the satisfaction of the Secretary of Energy that the applicant is unable without such a loan to obtain sufficient credit elsewhere at reasonable rates and terms, taking into consideration prevailing market rates and terms for loans for similar periods of time, to finance the construction of the project for which such loan is sought.

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