HR 5977 · 97th Congress · Energy
Energy Equity Act of 1982
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Fossil and Synthetic Fuels.(1982-04-01)
Plain Language Summary
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Energy Equity Act of 1982 - Amends the Energy Security Act to require the U.S. Synthetic Fuels Corporation, prior to awarding financial assistance for a synthetic fuel project pursuant to such Act, to collect a fee equal to 20 percent of such financial assistance. Provides for the deposit of such fee in the Energy Equity Account for use solely for low-income home energy assistance and weatherization and for housing assistance. Restricts the use of appropriations authorized under such Act to awards and commitments for financial assistance made on or before September 30, 1982. Provides that 50 percent of all other amounts appropriated under such Act and unobligated at the end of FY 1982 shall be deposited as miscellaneous receipts of the Treasury. Requires that the remaining 50 percent of such amounts be deposited in the Energy Equity Account and used solely for low-income home energy assistance and weatherization and for housing assistance. Directs the Secretary of the Treasury to establish in the Treasury the Energy Equity Account which shall consist of: (1) the fees collected by the Corporation pursuant to this Act; and (2) the appropriations unobligated by the Corporation at the …
Summarized by Claude AI · Non-partisan · For informational purposes only