Omnibus Geothermal Energy Commercialization Act of 1979

[AI summary unavailable — showing source text] Omnibus Geothermal Energy Commercialization Act of 1979 - Title I - Authorizes the Secretary of Energy to make loans from funds available from the Geothermal Resources Development Fund to any municipality, electric cooperative, industrial development agency, nonprofit organization, or person for exploration for or confirming the economic viability of a geothermal energy reservoir. Sets forth requirements for amount, term, interest, and repayment of such loans. Authorizes the Secretary to cancel the balance of any loan upon determining that such reservoir is unacceptable for commercial development. Terminates such loan program on September 30, 1986. Authorizes the appropriation of $150,000,000 to be deposited in such Fund for each of fiscal years 1981 through 1985 for such loan program. Title II: Technical Amendments to Public Law 93-410 - Amends the Geothermal Energy Research, Development and Demonstration Act of 1974 to transfer to the Interagency Geothermal Coordinating Council all of the functions of the Geothermal Energy Coordination and Management Project. Revises, in relation to such transfer, the membership of such Council. Directs such Council to carry out its responsibilit…