National Alcohols and Alcohol Fuel and Farm Commodity Production Act of 1979

[AI summary unavailable — showing source text] National Alcohols and Alcohol Fuel and Farm Commodity Production Act of 1979 - Amends the Rural Development Act of 1972 to authorize the Secretary of Agriculture to make: (1) direct loans (not in excess of $1,000,000 each) to certain persons, including any public, private, or cooperative organization for 90 percent of the cost of constructing alcohols and alcohol fuel plants having an annual production capacity of less than 1,000,000 gallons of alcohols and alcohol fuel; (2) guarantee payments of 90 percent of the principal and interest on private loans for the construction of such plants; and (3) sales of agricultural commodities to such persons for the production of such alcohols and alcohol fuels. Conditions the making of any direct or guaranteed loan upon the Secretary's satisfaction that the energy contained in the alcohols and alcohol fuel produced will exceed the energy contained in any petroleum, natural gas, or petroleum-based products consumed in their production. Requires the manufacturing process employed in such production to extract for utilization as human or animal food the protein content of any agricultural feedstock used in such production. Specifies the general …