Energy Mobilization Act of 1979

[AI summary unavailable — showing source text] Energy Mobilization Act of 1979 - Title I: Findings and Purposes - Declares that the purpose of this Act is to provide for expeditious development of domestic energy resources in order to overcome the nation's dependence on foreign sources of energy supplies. Title II: Energy Mobilization Board - Establishes the Energy Mobilization Board and authorizes it to provide financial assistance to energy projects in the form of guarantees of private sector loans to both commercial-scale and smaller research-scale plants designed to achieve specified production goals for a synthetic fuel industry. Sets forth requirements concerning membership, staff, and general powers of such Board. Authorizes the Board to create up to ten regional boards to assist in the development of smaller synthetic fuels projects. Authorizes such regional boards to guarantee loans of up to 85 percent of the total capital cost of such projects, with the total guarantee authority of each such board being set by the Energy Mobilization Board. Sets forth requirements concerning financing and composition of such boards. Exempts the Energy Mobilization Board from all Federal, State, and local taxation except as specified. …