Page:United States Statutes at Large Volume 99 Part 2.djvu/141

 PUBLIC LAW 99-190—DEC. 19, 1985



99 STAT. 1251

the Department of Energy for the construction of such ethanol producing facility, (4) interest shall accrue immediately upon receipt of the loan and payment of interest shall be made at regular intervals established by the Secretary but not to exceed the current average rate of outstanding marketable obligations of the United States with comparable maturities, (5) the Secretary shall not make such loan until the Secretary has received satisfactory assurances that any expenses of operating equipment installed using funds made available under this loan shall be paid by the New Energy Corporation of Indisina, (6) principal and interest payments made under this loan shall be repaid into the Alcohol Fuels Loan Guarantee Reserve, and (7) the Secretary shall establish such other terms and conditions as the Secretary considers appropriate. DEPARTMENT OF ENERGY CLEAN COAL TECHNOLOGY

Within 60 days following enactment of this Act, the Secretary of 42 USC 5903d. Energy shall, pursuant to the Federal Nonnuclear Energy Research and Development Act of 1974 (42 U.S.C. 5901, et seq.), issue a general request for proposals for clean coal technology projects for which the Secretary of Energy upon review may provide financial assistance awards. Proposals for clean coal technology projects under this section shall be submitted to the Department of Energy within 60 days after issuance of the general request for proposals. The Secretary of Energy shall make any project selections no later than August 1, 1986: Provided, That the Secretary may vest fee title or other property interests acquired under cost-shared clean coal technology agreements in any entity, including the United States: Provided further. That the Secretary shall not finance more than 50 per centum of the total costs of a project as estimated by the Secretary as of the date of award of financial assistance: Provided further. That cost-sharing by project sponsors is required in each of the design, construction, and operating phases proposed to be included in a project: Provided further. That financial assistance for costs in excess of those estimated as of the date of award of original financial assistance may not be provided in excess of the proportion of costs borne by the Government in the original agreement and only up to 25 per centum of the original financial assistance: Provided further. That revenues or royalties from prospective operation of pi-ojects beyond the time considered in the award of financisil assistance, or proceeds from prospective sale of the assets of the project, or revenues or royalties from replication of technology in future projects or plants are not cost-sharing for the purposes of this appropriation: Provided further. That other appropriated Federal funds are not cost-sharing for the purposes of this appropriation: Provided further. That existing facilities, equipment, and supplies, or previously expended research or development funds are not cost-sharing for the purposes of this appropriation, except as amortized, depreciated, or expensed in normal business practice.

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