1.
(a)This Act may be cited as the Gas Petroleum Refiner Improvement and Community
Empowerment Act
or the Gas PRICE
Act
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title.
Sec. 2. Definitions.
TITLE I—Economic development assistance to encourage
petroleum-based refinery activity on BRAC property
Sec. 101. Economic development assistance to encourage
petroleum-based refinery activity on BRAC property.
TITLE II—Refinery permitting process
Sec. 201. Streamlining of refinery permitting
process.
Sec. 202. Authorization of appropriations.
TITLE III—Efficiency
Sec. 301. Efficiency.
TITLE IV—Fuel emergency waivers and boutique fuel
reductions
Sec. 401. Fuel emergency waivers.
Sec. 402. Boutique fuel reductions.
TITLE V—Future fuels
Sec. 501. Future fuels.
2.In this Act:
(1)The
term Administrator means the Administrator of the Environmental
Protection Agency.
(2)The term Indian tribe has the meaning given
the term in section 4 of the Indian Self-Determination and Education Assistance
Act (25 U.S.C. 450b).
(3)The
term permit means any permit, license, approval, variance, or
other form of authorization that a refiner is required to obtain under any
Federal, State, or Indian tribal law.
(4)The
term refiner means a person that—
(A)owns or operates
a refinery; or
(B)seeks to become
an owner or operator of a refinery.
(5)
(A)The term refinery means a facility at which
crude oil is refined into transportation fuel or other petroleum
products.
(B)The
term refinery includes a refinery expansion.
(6)The term refinery expansion means a
physical change in a refinery that results in an increase in the capacity of
the refinery.
(7)Refinery
permitting agreementThe term refinery permitting
agreement means an agreement entered into between the Administrator and
a State or Indian tribe under section 201.
(8)The term refinery project means a project
for—
(A)acquisition or
development of a base realignment and closure site for use for a petroleum
refinery; or
(B)acquisition,
development, rehabilitation, expansion, or improvement of petroleum refining
operations on a base realignment and closure site or in a community affected by
a base realignment and closure site.
(9)The
term Secretary means the Secretary of Commerce.
(10)The
term State means—
(A)a State;
(B)the District of
Columbia;
(C)the Commonwealth
of Puerto Rico; and
(D)any other
territory or possession of the United States.
<enum>I</enum><header>Economic
development assistance to encourage petroleum-based refinery activity on BRAC
property</header>
<section id="ID59d0d08e3455406ba25cd04a10b4ba2c"><enum>101.</enum><header>Economic
development assistance to encourage petroleum-based refinery activity on BRAC
property</header>
<subsection id="ID7d0d051fdb184026a9592ae0d8179393"><enum>(a)</enum><header>Priority</header><text>Notwithstanding
section 206 of the Public Works and Economic Development Act of 1965 (42 U.S.C.
3146), in awarding funds made available to carry out section 209(c)(1) of that
Act (42 U.S.C. 3149(c)(1)) pursuant to section 702 of that Act (42 U.S.C.
3232), the Secretary and the Economic Development Administration shall give
priority to refinery projects.</text>
</subsection><subsection id="ID04d4f3afc55146e4b5b1ea6df3036482"><enum>(b)</enum><header>Federal
share</header><text>Except as provided in subsection (c)(3)(B) and
notwithstanding the Public Works and Economic Development Act of 1965
(<external-xref legal-doc="usc" parsable-cite="usc/42/3121">42 U.S.C.
3121</external-xref> et seq.), the Federal share of a refinery project shall be
80 percent of the project cost.</text>
</subsection><subsection id="IDe9b1ca0f6d0548fa812703d161451897"><enum>(c)</enum><header>Additional
award</header>
<paragraph id="idCCA1B88FCCF941829E0C449D558BB23A"><enum>(1)</enum><header>In
general</header><text>The Secretary shall make an additional award in
connection with a grant made to a recipient for a refinery project.</text>
</paragraph><paragraph id="id8113C1EAA1394F9AA1FBF43D8A12EACB"><enum>(2)</enum><header>Amount</header><text>The
amount of an additional award shall be 10 percent of the amount of the grant
for the refinery project.</text>
</paragraph><paragraph id="IDba735b178f0d4b498ab053679aa86d6c"><enum>(3)</enum><header>Use</header><text>An
additional award under this subsection shall be used—</text>
<subparagraph id="IDe8584decc1944e36b28092192c3d567d"><enum>(A)</enum><text>to carry out any
eligible purpose under the Public Works and Economic Development Act of 1965
(<external-xref legal-doc="usc" parsable-cite="usc/42/3121">42 U.S.C.
3121</external-xref> et seq.);</text>
</subparagraph><subparagraph id="ID1ed677cc7d454498a5ca136d250fbf5a"><enum>(B)</enum><text>notwithstanding
section 204 of that Act (42 U.S.C. 3144), to pay up to 100 percent of the cost
of an eligible project or activity under that Act; or</text>
</subparagraph><subparagraph id="IDd6ecbaaedef84f279a279d2995308173"><enum>(C)</enum><text>to meet the
non-Federal share requirements of that Act or any other Act.</text>
</subparagraph></paragraph><paragraph id="id9C2EFA43FBAD4698B692FC94BB552A99"><enum>(4)</enum><header>Non-Federal
source</header><text>For the purpose of paragraph (3)(C), an additional award
shall be treated as funds from a non-Federal source.</text>
</paragraph><paragraph id="IDc3068e6b187848b6be10e6cb81eba234"><enum>(5)</enum><header>Funding</header><text>The
Secretary shall use to carry out this subsection any amounts made available for
economic development assistance programs or under section 702 of that Act (42
U.S.C. 3232).</text>
</paragraph></subsection></section><enum>II</enum><header>Refinery
permitting process</header>
<section id="ID9ae546c7d0564075a3552bcf0d2594cd"><enum>201.</enum><header>Streamlining
of refinery permitting process</header>
<subsection id="ID4c4427967d1943a29ae24719c5e59051"><enum>(a)</enum><header>In
General</header><text>At the request of the Governor of a State or the
governing body of an Indian tribe, the Administrator shall enter into a
refinery permitting agreement with the State or Indian tribe under which the
process for obtaining all permits necessary for the construction and operation
of a refinery shall be streamlined using a systematic interdisciplinary
multimedia approach as provided in this title.</text>
</subsection><subsection id="IDe3a25c5a074b4100aa1b375a0353f98a"><enum>(b)</enum><header>Authority of
Administrator</header><text>Under a refinery permitting agreement—</text>
<paragraph id="ID61946fa9b22e470a8bf96d4c784169b4"><enum>(1)</enum><text>the Administrator
shall have authority, as applicable and necessary, to—</text>
<subparagraph id="ID6dd5d8e945e74736b74e385e045ea5e2"><enum>(A)</enum><text>accept from a
refiner a consolidated application for all permits that the refiner is required
to obtain to construct and operate a refinery;</text>
</subparagraph><subparagraph id="IDac0460b2c8204fd28532f02884fc3ba3"><enum>(B)</enum><text>establish a
schedule under which each Federal, State, or Indian tribal government agency
that is required to make any determination to authorize the issuance of a
permit shall—</text>
<clause id="ID4a12a14c7a9a412cbf384af5f268c648"><enum>(i)</enum><text>concurrently
consider, to the maximum extent practicable, each determination to be made;
and</text>
</clause><clause id="IDfba20927e9ae45bd825970b980432ce7"><enum>(ii)</enum><text>complete each
step in the permitting process; and</text>
</clause></subparagraph><subparagraph id="IDcc1e3441bef848ba8951743e1033cd91"><enum>(C)</enum><text>issue a
consolidated permit that combines all permits that the refiner is required to
obtain; and</text>
</subparagraph></paragraph><paragraph id="IDb25c80d0507c4653b62085ccd4a04a7f"><enum>(2)</enum><text>the Administrator
shall provide to State and Indian tribal government agencies—</text>
<subparagraph id="ID54bfdc784c474c24bd7deb64dc764166"><enum>(A)</enum><text>financial
assistance in such amounts as the agencies reasonably require to hire such
additional personnel as are necessary to enable the government agencies to
comply with the applicable schedule established under paragraph (1)(B);
and</text>
</subparagraph><subparagraph id="ID2e3c7850a7ad41bea8b1828f3f5a7838"><enum>(B)</enum><text>technical, legal,
and other assistance in complying with the refinery permitting
agreement.</text>
</subparagraph></paragraph></subsection><subsection id="IDbb8885ed7c0a4d5f913fa3f444ffa8fb"><enum>(c)</enum><header>Agreement by
the State</header><text>Under a refinery permitting agreement, a State or
governing body of an Indian tribe shall agree that—</text>
<paragraph id="ID0dfac285729641108ecdaa992e9fe9fb"><enum>(1)</enum><text>the Administrator
shall have each of the authorities described in subsection (b); and</text>
</paragraph><paragraph id="ID49a1e06966e04650b63b0bf900455b0a"><enum>(2)</enum><text>each State or
Indian tribal government agency shall—</text>
<subparagraph id="IDa876fef00ff84962bb4add4b26823223"><enum>(A)</enum><text>make such
structural and operational changes in the agencies as are necessary to enable
the agencies to carry out consolidated project-wide permit reviews concurrently
and in coordination with the Environmental Protection Agency and other Federal
agencies; and</text>
</subparagraph><subparagraph id="IDd3e9131cc9784beca2b2ec989359e3f6"><enum>(B)</enum><text>comply, to the
maximum extent practicable, with the applicable schedule established under
subsection (b)(1)(B).</text>
</subparagraph></paragraph></subsection><subsection id="ID06e43fbf1d8944a4925530faa5de9794"><enum>(d)</enum><header>Interdisciplinary
approach</header><text></text>
<paragraph id="ID6facc54f58934b85b50dc4bec4479395"><enum>(1)</enum><header>In
general</header><text>The Administrator and a State or governing body of an
Indian tribe shall incorporate an interdisciplinary approach, to the maximum
extent practicable, in the development, review, and approval of refinery
permits subject to this title.</text>
</paragraph><paragraph id="IDc38f2a93cff3486d9349b64069351c77"><enum>(2)</enum><header>Options</header><text>Among
other options, the interdisciplinary approach may include use of—</text>
<subparagraph id="IDf61b5a11d7a54eb8a66a6fbcac93698b"><enum>(A)</enum><text>environmental
management practices; and</text>
</subparagraph><subparagraph id="ID8f71db1c6d4f4026afbeda780f1bad32"><enum>(B)</enum><text>third party
contractors.</text>
</subparagraph></paragraph></subsection><subsection id="ID4d76f71b7a1c41a8870a71e69a1e00fd"><enum>(e)</enum><header>Deadlines</header><text></text>
<paragraph id="ID0206f5ecc99444d296837ce988a35f8f"><enum>(1)</enum><header>New
refineries</header><text>In the case of a consolidated permit for the
construction of a new refinery, the Administrator and the State or governing
body of an Indian tribe shall approve or disapprove the consolidated permit not
later than—</text>
<subparagraph id="ID4ecec917b4c24ac0b1510b04d57a1850"><enum>(A)</enum><text>270 days after
the date of the receipt of the application for the consolidated permit;
or</text>
</subparagraph><subparagraph id="ID0262dd9965bb4f7c8ea7bc50e40853bf"><enum>(B)</enum><text>on agreement of
the applicant, the Administrator, and the State or governing body of the Indian
tribe, 90 days after the expiration of the deadline established under
subparagraph (A).</text>
</subparagraph></paragraph><paragraph id="IDfd9dd64450504bc895e8c8e86d190ec0"><enum>(2)</enum><header>Expansion of
existing refineries</header><text>In the case of a consolidated permit for the
expansion of an existing refinery, the Administrator and the State or governing
body of an Indian tribe shall approve or disapprove the consolidated permit not
later than—</text>
<subparagraph id="ID38a177b271fe42f8b61a47e1cf061731"><enum>(A)</enum><text>90 days after the
date of the receipt of the application for the consolidated permit; or</text>
</subparagraph><subparagraph id="IDe0283d7f11344de9bd358856141663f8"><enum>(B)</enum><text>on agreement of
the applicant, the Administrator, and the State or governing body of the Indian
tribe, 30 days after the expiration of the deadline established under
subparagraph (A).</text>
</subparagraph></paragraph></subsection><subsection id="ID93a43d1679594b8b86240267fee35ab4"><enum>(f)</enum><header>Federal
agencies</header><text>Each Federal agency that is required to make any
determination to authorize the issuance of a permit shall comply with the
applicable schedule established under subsection (b)(1)(B).</text>
</subsection><subsection id="IDe46fcd94e8e14e11af23905d14e538d9"><enum>(g)</enum><header>Judicial
review</header><text>Any civil action for review of any determination of any
Federal, State, or Indian tribal government agency in a permitting process
conducted under a refinery permitting agreement brought by any person or entity
shall be brought exclusively in the United States district court for the
district in which the refinery is located or proposed to be located.</text>
</subsection><subsection id="IDfc6c51096e6846a48b8b5954baa326d5"><enum>(h)</enum><header>Efficient
permit review</header><text>In order to reduce the duplication of procedures,
the Administrator shall use State permitting and monitoring procedures to
satisfy substantially similar Federal requirements under this title.</text>
</subsection><subsection id="IDe7c9d08c8496459bb9a01530da5b1f41"><enum>(i)</enum><header>Severability</header><text>If
1 or more permits that are required for the construction or operation of a
refinery are not approved on or before any deadline established under
subsection (e), the Administrator may issue a consolidated permit that combines
all other permits that the refiner is required to obtain other than any permits
that are not approved.</text>
</subsection><subsection id="idAEC7A4F064394E24ADAF3A533CE81FAB"><enum>(j)</enum><header>Savings</header><text>Nothing
in this section affects the operation or implementation of otherwise applicable
law regarding permits necessary for the construction and operation of a
refinery.</text>
</subsection></section><section id="ID6e32bca108db49bb88c971cc110d3346"><enum>202.</enum><header>Authorization
of appropriations</header><text display-inline="no-display-inline">There are
authorized to be appropriated such sums as are necessary to carry out this
title.</text>
</section><enum>III</enum><header>Efficiency</header>
<section id="id915DF65DE9B540A2B6C03C56321B268C"><enum>301.</enum><header>Efficiency</header>
<subsection id="idFF0F324584FF436792DF5B7F897D3A09"><enum>(a)</enum><header>Methane
reduction projects</header><text></text>
<paragraph id="id9C575858E9C84D15B18777CE099CE613"><enum>(1)</enum><header>In
general</header><text>Not later than 180 days after the date of enactment of
this Act, the Administrator shall solicit applications from eligible entities,
as determined by the Administrator, for grants under the Natural Gas STAR
Program under the Environmental Protection Agency to pay the Federal share of
the cost of projects relating to the reduction of methane emissions in the oil
and gas industries.</text>
</paragraph><paragraph id="id67EAE4E15E074C5AB39185636AC9B139"><enum>(2)</enum><header>Project
inclusions</header><text>To receive a grant under paragraph (1), the
application of the eligible entity shall include—</text>
<subparagraph id="idFE1B1F088269481B974FD2AC99FF3F72"><enum>(A)</enum><text>an identification
of 1 or more technologies used to achieve a reduction in the emission of
methane; and</text>
</subparagraph><subparagraph id="idFFEF775F3AD34FFF927FCD999DC7B341"><enum>(B)</enum><text>an analysis of
the cost-effectiveness of a technology described in subparagraph (A).</text>
</subparagraph></paragraph><paragraph id="id00B3CF2FC73D4340B302D17BBC036397"><enum>(3)</enum><header>Limitation</header><text>A
grant to an eligible entity under this subsection shall not exceed
$50,000.</text>
</paragraph><paragraph id="idC9A61E3205A546CFB4115771F4F5631A"><enum>(4)</enum><header>Federal
share</header><text>The Federal share of the cost of a project under this
subsection shall not exceed 50 percent.</text>
</paragraph><paragraph id="idF8F22DD0146E4C89B38C33998B49DA4B"><enum>(5)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to carry
out this subsection $1,000,000 for the period of fiscal years 2006 through
2010.</text>
</paragraph></subsection><subsection id="idC1579DD9625943229A4124209B70B344"><enum>(b)</enum><header>Efficiency
promotion workshops</header><text></text>
<paragraph id="id9C3F3D8B98B34764A0F04B97DA9637E7"><enum>(1)</enum><header>In
general</header><text>The Administrator, in conjunction with the Interstate Oil
and Gas Compact Commission, shall conduct a series of technical workshops to
provide information to officials in oil- and gas-producing States relating to
methane emission reduction techniques.</text>
</paragraph><paragraph id="id2AE696585CDF4EF2AA8E081B7529CB8C"><enum>(2)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to carry
out this subsection $1,000,000 for the period of fiscal years 2006 through
2010.</text>
</paragraph></subsection></section><enum>IV</enum><header>Fuel emergency
waivers and boutique fuel reductions</header>
<section id="idCC00988898E645ACA84A0186637AE355"><enum>401.</enum><header>Fuel emergency
waivers</header><text display-inline="no-display-inline">Section 211(c)(4)(C)
of the Clean Air Act (42 U.S.C. 7545(c)(4)(C)) (as amended by section 1541 of
the Energy Policy Act of 2005 (Public Law 109–58; 119 Stat. 1106)) is
amended—</text>
<paragraph id="id5F66C52010604D1F8EF8F47682B59605"><enum>(1)</enum><text>by redesignating
the first clause (v) as clause (vi);</text>
</paragraph><paragraph id="id1B5E4B12560A4C478BFF19427E901ABC"><enum>(2)</enum><text>by redesignating
the second clause (v) as clause (vii); and</text>
</paragraph><paragraph id="idE9BADCBF77A44DB0BCADF92EF2570C85"><enum>(3)</enum><text display-inline="yes-display-inline">by inserting after clause (iv) the
following:</text>
<quoted-block display-inline="no-display-inline" id="idD9DCA9337AE4485DA31333998361413F" style="OLC">
<clause id="idA8BE813ACDAE4717B22302039C950556" indent="up3"><enum>(v)</enum><text>A State shall be held harmless and
not be required to revise its State implementation plan under section 110 to
account for the emissions from a waiver granted by the Administrator under
clause
(ii).</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="idAB2F6DB5FB84436C824A58A7641DCF4F"><enum>402.</enum><header>Boutique fuel
reductions</header><text display-inline="no-display-inline">Section
211(c)(4)(C)(vii) of the Clean Air Act (42 U.S.C. 7545(c)(4)(C)(vii)) (as
redesignated by section 401(2)) is amended by striking subclauses (III) and
(IV) and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id54324376FF6F4A9B9971486825C00CFD" style="OLC">
<subclause id="idB633F73CE1B54456B8C2E39883A8AA6A" indent="up4"><enum>(III)</enum><text>The Administrator shall remove a
fuel from the list published under subclause (II) if a fuel ceases to be
included in a State implementation plan or if a fuel in a State implementation
plan is identical to a Federal fuel formulation implemented by the
Administrator and shall reduce the total number of fuels permitted to be
included in a State implementation plan or revision on the list published under
subclause (II) accordingly.</text>
</subclause><subclause id="id993A75695A3F4946B4FCE5E3B07593CB" indent="up4"><enum>(IV)</enum><text>Subclause (I) shall not limit the
authority of the Administrator to approve a control or prohibition respecting
any new fuel under this paragraph in a State implementation plan or revision to
a State implementation plan if the new fuel completely replaces a fuel on the
list published under subclause
(II).</text>
</subclause><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>V</enum><header>Future
fuels</header>
<section id="idFD309FFEFD664E489F4F77AC6E651DC3"><enum>501.</enum><header>Future
fuels</header>
<subsection id="id63003EAEEA4D46C28BEE49A437EDD85C"><enum>(a)</enum><header>EPA evaluation
of Fischer-Tropsch diesel and jet fuel as an emission control strategy</header>
<paragraph id="id6E80DA97888A4F36A07AF9DBABD1D2C4"><enum>(1)</enum><header>In
general</header><text>In cooperation with the Secretary of Energy, the
Secretary of Defense, the Administrator of the Federal Aviation Administration,
Secretary of Health and Human Services, and Fischer-Tropsch industry
representatives, the Administrator shall—</text>
<subparagraph id="idC6CE0CFDCCDD45AF816FE160D613BB86"><enum>(A)</enum><text>conduct a
research and demonstration program to evaluate the air quality benefits of
ultra-clean Fischer-Tropsch transportation fuel, including diesel and jet
fuel;</text>
</subparagraph><subparagraph id="id609F0FC570464F23967CBF888E710CEC"><enum>(B)</enum><text>evaluate the use
of ultra-clean Fischer-Tropsch transportation fuel as a mechanism for reducing
engine exhaust emissions; and</text>
</subparagraph><subparagraph id="id0960917B9A4C4802A13FAB32D1E44546"><enum>(C)</enum><text>submit
recommendations to Congress on the most effective use and associated benefits
of these ultra-clean fuel for reducing public exposure to exhaust
emissions.</text>
</subparagraph></paragraph><paragraph id="idE091AF83159B40B1967592717BFF325C"><enum>(2)</enum><header>Guidance and
technical support</header><text>The Administrator shall, to the extent
necessary, issue any guidance or technical support documents that would
facilitate the effective use and associated benefit of Fischer-Tropsch fuel and
blends.</text>
</paragraph><paragraph id="idC21E0BEE43F84F7D9F592667F64BDEF2"><enum>(3)</enum><header>Requirements</header><text>The
program described in paragraph (1) shall consider—</text>
<subparagraph id="id7DBD2F14C6424A7F8CAD6E4094547559"><enum>(A)</enum><text>the use of neat
(100 percent) Fischer-Tropsch fuel and blends with conventional crude
oil-derived fuel for heavy-duty and light-duty diesel engines and the aviation
sector; and</text>
</subparagraph><subparagraph id="id71BC1EB5DFD6436AB67B87F9815CF739"><enum>(B)</enum><text>the production
costs associated with domestic production of those ultra clean fuel and prices
for consumers.</text>
</subparagraph></paragraph><paragraph id="id279412EABE6A4B6C9D75120ED51497DB"><enum>(4)</enum><header>Reports</header><text>The
Administrator shall submit to the Committee on Environment and Public Works of
the Senate and the Committee on Energy and Commerce of the House of
Representatives—</text>
<subparagraph id="idABBE11621F1C455F8B246E6C8B06B7EB"><enum>(A)</enum><text>not later than
October 1, 2006, an interim report on actions taken to carry out this
subsection; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idBE49B533869F4F43904DA7302C1852DD"><enum>(B)</enum><text>not later than
December 1, 2007, a final report on actions taken to carry out this
subsection.</text>
</subparagraph></paragraph></subsection><subsection id="ID159e9370f19f4a71997112d813a70b1f"><enum>(b)</enum><header>Commercial
products from coal and petroleum coke-based Fischer-Tropsch process loan
guarantee program</header><text></text>
<paragraph commented="no" id="id65106259CD414FAA9F32DC5228B7EAC3"><enum>(1)</enum><header>In
general</header><text>Funds made available under paragraph (7) may be provided
for the cost (as defined in the Federal Credit Reform Act of 1990 (2 U.S.C. 661
et seq.)) of loan guarantees to carry out domestic coal and petroleum
coke-based Fischer-Tropsch commercial demonstration projects for the production
of diesel and jet transportation fuel.</text>
</paragraph><paragraph id="IDf6ccb8b1b445491ba7c2c8a19ca9d505"><enum>(2)</enum><header>Demonstration
projects</header><text></text>
<subparagraph id="ID71606af89f204ef887d4b1f6dede4f18"><enum>(A)</enum><header>In
general</header><text>Subject to paragraph (5), the Administrator, in
consultation with the Secretary of the Treasury and Secretary of Energy, shall
issue loan guarantees under this subsection to carry out not more than 2
projects to commercially demonstrate the feasibility and viability of
converting coal and petroleum coke, a refinery byproduct, into ultra-clean
Fischer-Tropsch diesel or jet fuel, including—</text>
<clause id="id578D851295E54D95AFABDB1E08F32D6A"><enum>(i)</enum><text>1
project to convert coal into ultra-clean Fischer-Tropsch transportation fuel;
and</text>
</clause><clause id="id8DDC8302AD9F414D922E1E4FE0C99A1C"><enum>(ii)</enum><text>1
project to convert a blend of coal and petroleum coke into ultra-clean
Fischer-Tropsch transportation fuel.</text>
</clause></subparagraph><subparagraph id="IDf6aba06326964b548e408584ec140b9f"><enum>(B)</enum><header>Design
capacity</header><text>Each project shall have a design capacity to produce at
least 100,000,000 gallons of Fischer-Tropsch diesel or jet fuel each
year.</text>
</subparagraph></paragraph><paragraph id="ID731ee9911c0742e396892e036f6e5f6e"><enum>(3)</enum><header>Applicant
assurances</header><text>An applicant for a loan guarantee under this
subsection shall provide assurances, satisfactory to the Administrator,
that—</text>
<subparagraph id="ID5c22ec4b9f6b44188bad0bb4df0c7a90"><enum>(A)</enum><text>the recipient has
demonstrated the Fischer-Tropsch process of the applicant through the operation
of a domestic continuous process facility with a cumulative output of at least
50,000 gallons of diesel or jet fuel;</text>
</subparagraph><subparagraph id="ID07c1c9de530148b2bceb5d385bf5b408"><enum>(B)</enum><text>the demonstration
project—</text>
<clause id="idCE6462CEEBF84741B5E9ECA7F0E3099A"><enum>(i)</enum><text>has
been subject to a full technical review;</text>
</clause><clause id="IDa16b2669a3834710b1c8b0be37afd04a"><enum>(ii)</enum><text>is
covered by adequate production volume guarantees; and</text>
</clause><clause id="IDee45e25d866242b69d415a40645f0177"><enum>(iii)</enum><text>with the loan
guarantee, is economically viable within the project life; and</text>
</clause></subparagraph><subparagraph id="ID8a8baad9db4c43dc8e3aea5d338e84ce"><enum>(C)</enum><text>there is a
reasonable assurance of repayment of the guaranteed loan.</text>
</subparagraph></paragraph><paragraph id="ID7de8454c43d1430489538f7c451cc860"><enum>(4)</enum><header>Limitations</header><text></text>
<subparagraph id="IDa858bf8ab912415f87dccd299d2624ac"><enum>(A)</enum><header>Maximum
guarantee</header><text>Except as provided in subparagraph (B), a loan
guarantee under this subsection may be issued for up to 80 percent of the
estimated cost of a project, but may not exceed $750,000,000 for a
project.</text>
</subparagraph><subparagraph id="IDaaa835cbfbb14707b829e0600c697b40"><enum>(B)</enum><header>Additional
guarantees</header><text></text>
<clause id="IDfc8d88079c57413693019766c06e361a"><enum>(i)</enum><header>In
general</header><text>The Administrator may issue additional loan guarantees
for a project to cover up to 80 percent of the excess of actual project cost
over estimated project cost but not to exceed 15 percent of the amount of the
original guarantee.</text>
</clause><clause id="ID9a0b2555a16b410d9d97d7af1e6bf8e8"><enum>(ii)</enum><header>Principal and
interest</header><text>Subject to subparagraph (A), the Administrator shall
guarantee 100 percent of the principal and interest of a loan guarantee made
under subparagraph (A).</text>
</clause></subparagraph></paragraph><paragraph id="IDf6a48fdb8d6e4805b160532453f49c9e"><enum>(5)</enum><header>Insufficient
amounts</header><text>If the amount made available to carry out this subsection
is insufficient to allow the Administrator to make loan guarantees for the 2
projects described in paragraph (2), the Administrator shall issue loan
guarantees for 1 qualifying project under this subsection based on the criteria
established under paragraph (3), with the priority given to a coal-based
project.</text>
</paragraph><paragraph id="IDd2e0aff039a14548b24923efc96f40fd"><enum>(6)</enum><header>Approval</header><text>An
application for a loan guarantee under this subsection shall be approved or
disapproved by the Administrator not later than 90 days after the application
is received by the Administrator.</text>
</paragraph><paragraph id="id3FC8F01AB1A7403C8930B013218E7ADA"><enum>(7)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated such
sums as are necessary to carry out this subsection.</text>
</paragraph></subsection></section>