Page:United States Statutes at Large Volume 94 Part 1.djvu/931

 PUBLIC LAW 96-304—JULY 8, 1980 None of the funds provided under this head in this Act and in Public Law 96-126 for purchase, price guarantees, or loan guarantees shall be available for biomass energy projects as defined by section 203(2)(A) of S. 932, 96th Congress, except that of the $1,500,000,000 made available to the Department by Public Law 96-126 for purchase commitments or price guarantees, not to exceed $150,000,000 may be available only for such purposes to the extent authorized under title II, subtitle B, of the Energy Security Act (S. 932). All provisions of Public Law 96-126 with regard to "Alternative fuels production" not expressly modified in this appropriation remain in effect and are applicable to activities provided for in this appropriation. Upon the establishment of a "United States Synthetic Fuels Corporation" (the Corporation) projects or actions initiated by the Department of Energy with appropriations under this head shall transfer to the Corporation upon a Presidential determination that the Corporation is fully operational and upon a majority vote of the Board of Directors of the Corporation, except that funds obligated for feasibility studies, cooperative agreements, program management, and projects which do not meet the definitions of eligibility for funding as synthetic fuels projects in the Corporation shall remain with the Department of Energy: Provided, That (1) projects meeting the eligibility criteria for funding by the Corporation for which funding has been obligated or committed by the Department of Energy may be adopted by the Corporation as if they had been entered into by the Corporation (for the purposes of such transfers only, the Corporation shall adopt the terms of such projects, established by the Department of Energy, using the authorities of the Department of Energy regardless of whether the Corporation would otherwise have authority to do so); and (2) accepted proposals for loan guarantees, price supports, and/or purchase commitments for which financial assistance is not provided by the Department of Energy shall be considered as responses to a solicitation of the Corporation to the extent they meet the eligibility criteria for funding by the Corporation. Unexpended balances of funds obligated for projects shall transfer to the Corporation to the extent such projects and activities are transferred to the Corporation as provided herein.

94 STAT. 881 93 Stat. 970.

Ante, p. 683

Ante, p. 696.

United States Sjmthetic Fuels Corporation.

DEPARTMENT OF THE TREASURY ENERGY SECURITY RESERVE

To carry out the provisions of title I of the Energy Security Act (S. 932, 96th Congress) and for other purposes authorized by title II of S. 932, not to exceed $18,792,000,000, to remain available until expended, of which (1) $13,482,000,000 shall be derived from amounts in the Energy Security Reserve established pursuant to the Department of the Interior and Related Agencies Appropriations Act, 1980 (Public Law 96-126), and (2) not to exceed $5,310,000,000 shall be derived by transfer of the balance of the amounts not committed or not conditionally committed which are appropriated by this Act and by Public Law 96-126 from the Energy Security Reserve to the Department of Energy, such transfer to occur on June 30, 1981, to permit the Department to pursue an aggressive interim program of loan and price guarantees and purchase commitments.

42 USC 5915 note. Ante, p. 611. Ante, p. 683.

93 Stat. 954

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