National Coal Gasification and Liquefaction Act

[AI summary unavailable — showing source text] National Coal Gasification and Liquefaction Act - States that it is the policy of Federal Government to establish a Government-industry program jointly managed and funded to demonstrate commercial scale methods of producing substitutes for natural gas and of producing synthetic liquid petroleum products from coal. Establishes the Coal Gasification and Coal Liquefication Development Corporation. States that it shall be the function of the Corporation to select, on the basis of the best engineering information available, the two or more most technically, environmentally, and economically feasible methods for manufacturing substitute natural gas from coal and the two or more technically, environmentally, and economically feasible methods for producing synthetic liquid petroleum products from coal. Requires the Corporation to transmit to the President of the United States and the Congress, annually, commencing one year from the date of the enactment of this Act, and at such other times as it deems desirable, a comprehensive and detailed report of its operations, activities, and accomplishments under this Act, including a statement of receipts and expenditures for the previous year. Pro…