Coal Gasification Development Corporation Act

[AI summary unavailable — showing source text] Coal Gasification Development Corporation Act - Expresses the findings of Congress and declares that it is the policy of Federal Government to bring technology to commercial development as quickly as possible by establishing a Government-industry program, jointly managed and funded, to demonstrate commercial scale methods of producing substitutes for natural gas. Establishes the Coal Gasification Development Corporation. Provides for the appointment of the members of the Board of Directors for such Corporation and sets their rates of compensation. Provides that it is 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 of manufacturing substitute natural gas from coal. Authorizes the Corporation to construct and maintain a demonstration-type facility for each such method selected in order to determine the technical, environmental, and economical feasibility thereof. Provides that if the method demonstrated is feasible, the Corporation is authorized to construct, a full-scale, commercial-size facility to manufacture substitute natural gas from coal. …