HR 2170 · 111th Congress · Energy

To direct the Secretary of Agriculture to establish a program to provide covered institutions loans for conversion to use of biomass for energy generation.

Introduced 2009-04-29· Sponsored by Rep. Fortenberry, Jeff [R-NE-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Conservation, Credit, Energy, and Research.(2010-06-22)

Plain Language Summary

[AI summary unavailable — showing source text] Requires the Secretary of Agriculture to: (1) establish a program to provide zero-interest loans to covered institutions (i.e., an institution of higher education, an elementary or secondary school, or a hospital) for capital costs for converting to the use of biomass for energy generation; and (2) ensure that an institution receiving such a loan will use woody biomass for not less than 75% of the energy generation resulting from such conversion. Establishes in the Treasury a revolving fund for such program. Requires the Secretary to: (1) deposit amounts received as payment on loans provided under such program into such revolving fund; and (2) make available $100 million of the funds of the Commodity Credit Corporation to such revolving fund.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans