A bill to establish a corporation for the development of new energy sources.

[AI summary unavailable — showing source text] Declares that it is the policy of the Federal Government to bring into being the technology for commercial development of new energy sources as quickly as possible. Establishes a New Energy Source Corporation which shall have a Board of nine directors. Sets forth the methods of appointment of such directors. Authorizes the Corporation to enter into contractual arrangements with any private or public entity or entities under which such entities agree to participate in the purposes and functions of the Corporation. Provides that such contracts shall include terms and conditions consistent with this Act and the applicable regulations of the General Accounting Office. Authorizes such Corporation to make available on a nonexclusive royalty free basis without territorial limitation the use of any patent obtained by the Corporation under any law of the United States or any foreign country for or with respect to any invention made in the performance of any activity conducted pursuant to this Act. Directs the Corporation to select, or the basis of the best engineering information available, the two most technically and economically feasible methods for manufacturing substitute natural gas f…