BS
Boise Standard
Treasure Valley · AI Directory
42 U.S.C. · The Public Health and Welfare
42 U.S.C. § 16503

Sugar ethanol loan guarantee program

Ch. 149 — NATIONAL ENERGY POLICY AND PROGRAMS
Title 42 U.S.C. ● ACTIVE Primary Source Ch. 149
Statutory Text

42 U.S.C. § 16503 — Sugar ethanol loan guarantee program

U.S.C. Title 42 - THE PUBLIC HEALTH AND WELFARE 42 U.S.C. United States Code, 2023 Edition Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 149 - NATIONAL ENERGY POLICY AND PROGRAMS SUBCHAPTER XIV - ETHANOL AND MOTOR FUELS Sec. 16503 - Sugar ethanol loan guarantee program From the U.S. Government Publishing Office, www.gpo.gov

§16503. Sugar ethanol loan guarantee program

(a) In general Funds may be provided for the cost (as defined in section 661a of title 2) of loan guarantees issued under title XIV 1 to carry out commercial demonstration projects for ethanol derived from sugarcane, bagasse, and other sugarcane byproducts. (b) Demonstration projects The Secretary may issue loan guarantees under this section to projects to demonstrate commercially the feasibility and viability of producing ethanol using sugarcane, sugarcane bagasse, and other sugarcane byproducts as a feedstock. (c) Requirements An applicant for a loan guarantee under this section may provide assurances, satisfactory to the Secretary, that— (1) the project design has been validated through the operation of a continuous process facility; (2) the project has been subject to a full technical review; (3) the project, with the loan guarantee, is economically viable; and (4) there is a reasonable assurance of repayment of the guaranteed loan. (d) Limitations (1) Maximum guarantee Except as provided in paragraph (2), a loan guarantee under this section— (A) may be issued for up to 80 percent of the estimated cost of a project; but (B) shall not exceed $50,000,000 for any 1 project. (2) Additional guarantees (A) In general The Secretary may issue additional loan guarantees for a project to cover— (i) up to 80 percent of the excess of actual project costs; but (ii) not to exceed 15 percent of the amount of the original loan guarantee. (B) Principal and interest Subject to subparagraph (A), the Secretary shall guarantee 100 percent of the principal and interest of a loan guarantee made under subparagraph (A).

(Pub. L. 109–58, title XV, §1516, Aug. 8, 2005, 119 Stat. 1091.)

Editorial Notes

References in Text Title XIV, referred to in subsec. (a), is title XIV of Pub. L. 109–58, Aug. 8, 2005, 119 Stat. 1061, which enacted subchapter XIII of this chapter and section 13557 of this title.

1 See References in Text note below.

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC42-SEC-CFA013
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
42 U.S.C. § 16503
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
6633a8a7cc377e9d...
Semantic Edges
Pending — corpus passes queued
The statutory text of 42 U.S.C. § 16503 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 42
← 42 U.S.C. § 16502 42 U.S.C. § 16511 →
Ch. 149 — NATIONAL ENERGY POLICY AND PROGRAMS
42 U.S.C. § 1580142 U.S.C. § 1581142 U.S.C. § 1581242 U.S.C. § 1581342 U.S.C. § 1582142 U.S.C. § 1582242 U.S.C. § 1582342 U.S.C. § 1582442 U.S.C. § 1583142 U.S.C. § 1583242 U.S.C. § 1583342 U.S.C. § 1583442 U.S.C. § 1584142 U.S.C. § 1584242 U.S.C. § 1585142 U.S.C. § 1585242 U.S.C. § 1585342 U.S.C. § 1585442 U.S.C. § 1585542 U.S.C. § 1587142 U.S.C. § 1587242 U.S.C. § 1587342 U.S.C. § 1587442 U.S.C. § 1588142 U.S.C. § 1588242 U.S.C. § 1588342 U.S.C. § 1589142 U.S.C. § 1590142 U.S.C. § 1590242 U.S.C. § 15903
42 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 42 → 42 U.S.C. § 16503