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42 U.S.C. § 8819 — Price guarantees
Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority of Secretary concerned; minimum sales price** Subject to sections 8812 and 8817 of this title, the Secretary concerned may commit to guarantee, and guarantee, that the price that the owner or operator of any biomass energy project will receive for all or part of the production from that project shall not be less than a specified sales price determined as of the date of execution of the price guarantee or commitment to guarantee.
**(b) Cost-plus arrangements as basis**
(1) No price guarantee under this section may be based upon a cost-plus arrangement, or variant thereof, which guarantees a profit to the owner or operator involved.
(2) The use of a cost-of-service pricing mechanism by a person pursuant to law, or by a regulatory body establishing rates for a regulated person, shall not be deemed to be a cost-plus arrangement, or variant thereof, for purposes of paragraph (1).
**(c) Maximum dollar amount of liability of United States** Each price guarantee, or commitment to guarantee, which is made under this section shall specify the maximum dollar amount of liability of the United States under that guarantee.
**(d) Renegotiation of sales price and maximum liability** If the Secretary determines, in the discretion of the Secretary, that—
(1) a biomass energy project would not otherwise be satisfactorily completed or continued, and
(2) completion or continuation of such project would be necessary to achieve the purposes of this chapter,
the sales price set forth in the price guarantee, and maximum liability under such guarantee, may be renegotiated.
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Source location: Title 42, Chapter 96, § 8819; chapter-096-biomass-energy-and-alcohol-fuels.md
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**(a) Authority of Secretary concerned; minimum sales price** Subject to sections 8812 and 8817 of this title, the Secretary concerned may commit to guarantee, and guarantee, that the price that the owner or operator of any biomass energy project will receive for all or part of the production from that project shall not be less than a specified sales price determined as of the date of execution of the price guarantee or commitment to guarantee.
**(b) Cost-plus arrangements as basis**
(1) No price guarantee under this section may be based upon a cost-plus arrangement, or variant thereof, which guarantees a profit to the owner or operator involved.
(2) The use of a cost-of-service pricing mechanism by a person pursuant to law, or by a regulatory body establishing rates for a regulated person, shall not be deemed to be a cost-plus arrangement, or variant thereof, for purposes of paragraph (1).
**(c) Maximum dollar amount of liability of United States** Each price guarantee, or commitment to guarantee, which is made under this section shall specify the maximum dollar amount of liability of the United States under that guarantee.
**(d) Renegotiation of sales price and maximum liability** If the Secretary determines, in the discretion of the Secretary, that—
(1) a biomass energy project would not otherwise be satisfactorily completed or continued, and
(2) completion or continuation of such project would be necessary to achieve the purposes of this chapter,
the sales price set forth in the price guarantee, and maximum liability under such guarantee, may be renegotiated.
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Federal law — U.S. Code and appendices · legal_authorities
The Farm Credit Administration shall encourage production credit associations, Federal land banks, and banks for cooperatives to use existing authorities to make loans to eligible persons for commercially feasible biomass energy projects.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8801
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Federal law — U.S. Code and appendices · legal_authorities
Page 7657
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 8820
Treasury of the United States as miscellaneous
receipts. The preceding sentence shall not apply
to insured loans made under section 8813 of this
title.
(Pub. L. 96–294, title II, § 217, June 30, 1980, 94
Stat. 693.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsec. (a)(4)(C), was in
the original ‘‘this title’’, meaning title II of Pub. L.
96–294, June 30, 1980, 94 Stat. 683, known as the Biomass
Energy and Alcohol Fuels Act of 1980, which is classi-
fied principally to this chapter. For complete classi-
fication of title II to the Code, see Short Title note set
out under section 8801 of this title and Tables.
§ 8818. Reports
(a) Repealed. Pub. L. 99–386, title I, § 101(a), Aug.
22, 1986, 100 Stat. 821
(b) Comprehensive list of loans, grants, etc.
Within 120 days after June 30, 1980, the Sec-
retary of Energy and the Secretary of Agri-
culture shall submit to the Congress a com-
prehensive list of all the types of loans, grants,
incentives, rebates, or any other such private,
State, or Federal economic or financial benefits
now in effect or proposed which can be or have
been used for production of alcohol to be used as
a motor fuel or petroleum substitute.
(c) Annual reports; report evaluating overall im-
pact and plan for termination of Office of Al-
cohol Fuels
(1)(A) The Office of Alcohol Fuels shall submit
to the Congress and the President annual re-
ports containing a general description of the Of-
fice’s operations during the year and a descrip-
tion and evaluation of each biomass energy
project for which financial assistance by the Of-
fice is then in effect.
(B) Each annual report shall describe progress
made toward meeting the goals of this sub-
chapter and co
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 8819
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