Industrial Energy Conservation Act

[AI summary unavailable — showing source text] Industrial Energy Conservation Act - Directs the Administrator of Energy Research and Development under the Energy Reorganization Act to establish and maintain a comprehensive program for the conduct, sponsorship, and promotion of research, development, and demonstration of industrial energy-conserving technologies. Specifies criteria that the Administrator is required to apply in reaching decisions regarding the directions, priorities activities, and operations of the industrial energy conservation program. Requires the Administrator, in furthering the goals of this Act, to: (1) allocate 60 percent of the funds available for contracts, grants, and loans to depressed areas; and (2) promulgate rules and regulations. Requires the Administrator to compile a list of depressed industrial areas. Authorizes to be appropriated for the fiscal year 1976, and for each fiscal year thereafter, such funds as necessary to carry out the purposes of this Act.…