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U.S. Code as of:
01/19/04
Section 8803. Funding
(a) Authorization of appropriations
To the extent provided in advance in appropriation Acts, for the
two year period beginning October 1, 1980, there is authorized to
be appropriated and transferred $1,170,000,000 from the Energy
Security Reserve established in the Treasury of the United States
under title II of the Act entitled "An Act making appropriations
for the Department of the Interior and related agencies for the
fiscal year ending September 30, 1980, and for other purposes"
(Public Law 96-126; 93 Stat. 970) and made available for obligation
by such Act only to the extent provided in advance in appropriation
Acts, as follows:
(1) $460,000,000 to the Secretary of Agriculture for carrying
out activities under subchapter I of this chapter, except of the
amount of the financial assistance provided by the Secretary of
Agriculture under subchapter I of this chapter, up to one-third
shall be for small-scale biomass energy projects;
(2) $460,000,000 to the Secretary of Energy for carrying out
biomass energy activities under subchapter I of this chapter, of
which at least $500,000,000 )1(! shall be available to the Office
of Alcohol Fuels for carrying out its activities, and any amount
not made available to the Office of Alcohol Fuels shall be
available to the Secretary to carry out the purposes of
subchapter I of this chapter under available authorities of the
Secretary, including authorities under subchapter I of this
chapter; and
(3) $250,000,000 shall be available to the Secretary of Energy
for carrying out activities under subchapter II of this chapter.
(b) Availability of funds until expended
Funds made available under subsection (a) of this section shall
remain available until expended.
(c) Determinations respecting amount of appropriations remaining
available
(1) For purposes of determining the amount of such appropriations
which remain available for purposes of this chapter -
(A) loans shall be counted at the initial face value of the
loan;
(B) loan guarantees shall be counted at the initial face value
of such loan guarantee;
(C) price guarantees and purchase agreements shall be counted
at the value determined by the Secretary concerned as of the date
of each such contract based upon the Secretary's determination of
the maximum potential liability of the United States under the
contract; and
(D) any increase in the liability of the United States pursuant
to any amendment or other modification to a contract for a loan,
loan guarantee, price guarantee, or purchase agreement, shall be
counted to the extent of such increase.
(2) Determinations under paragraph (1) shall be made in
accordance with generally accepted accounting principles,
consistently applied.
(3) If more than one form of financial assistance is to be
provided to any one project, the obligations and commitments
thereunder shall be counted at the maximum potential exposure of
the United States on such project at any time during the life of
such project.
(4) Any commitment to provide financial assistance shall be
treated the same as such assistance for purposes of this
subsection; except that any such commitment which is nullified or
voided for any reason shall not be considered for purposes of this
subsection.
(d) Financial assistance provided only to extent advanced in
appropriation Acts
Financial assistance may be provided under this chapter only to
the extent provided in advance in appropriation Acts.
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