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U.S. Code as of:
01/03/05
Section 4005. "Fuel conversion price" defined
As used in this chapter, the phrase "fuel conversion price" means
the price for an agricultural commodity determined by the Secretary
of Agriculture that will permit gasoline-alcohol mixtures using
alcohol produced from the commodity to be competitive in price with
unleaded gasoline priced at the point it leaves the refinery,
adjusted for differences in octane rating, taking into
consideration the energy value of the commodity and other
appropriate values designed to represent, on a national average
basis, the value of byproducts also recoverable from the commodity;
the direct costs and capital recovery costs for a grain alcohol
distillery capable of producing forty million gallons of alcohol
and recovering byproducts annually; and Federal tax and other
Federal incentives applicable to alcohol used for fuel.
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