1.Short title; table of
contents
(a)This Act may be cited as the American-Made Energy Act of
2008
.
(b)The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Title I—Tax incentives for alternative energy and
conservation
Subtitle A—Alternative energy
Sec. 101. Credit for investment in cellulosic biomass ethanol
projects.
Sec. 102. Investment tax credit for investments in nuclear
power facilities.
Sec. 103. Expansion of special allowance to cellulosic biomass
alcohol fuel plant property.
Subtitle B—Electricity and renewables
Sec. 111. Extension and modification of energy investment tax
credit.
Sec. 112. Credit rate parity for all renewable resources under
electricity production credit.
Sec. 113. Extension of credit for producing electricity from
certain renewable resources.
Sec. 114. Expansion of credit for electricity produced from
agricultural livestock waste nutrients.
Sec. 115. Credit for installation of wind energy property
including by rural homeowners, farmers, ranchers, and small
businesses.
Sec. 116. 3-year accelerated depreciation period for wind
energy property.
Sec. 117. Repeal of dollar limitation and allowance against
alternative minimum tax for residential solar and fuel cell property
credit.
Sec. 118. New clean renewable energy bonds.
Sec. 119. Extension and modification of credit for residential
energy efficient property.
Subtitle C—Coal-to-liquid fuel
Sec. 121. Extension of alternative fuel credit for fuel derived
from coal.
Subtitle D—Energy efficiency
Sec. 131. Extension of new energy efficient home
credit.
Sec. 132. Modification and extension of energy efficient
commercial buildings deduction.
Subtitle E—Alternative vehicle fuels
Sec. 141. Consumer credit for purchase of flexible fuel motor
vehicle.
Sec. 142. Repeal of prohibition on procurement and acquisition
of alternative fuels.
Subtitle F—Biofuel production
Sec. 151. Extension and modification of credits for biodiesel
and renewable diesel.
Subtitle G—Oil and gas provisions
Sec. 161. Expensing for crude oil refineries.
Sec. 162. Extension of suspension of taxable income limit on
percentage depletion for oil and natural gas produced from marginal
properties.
Sec. 163. Increase in depletion rate for marginal oil or gas
production.
Sec. 164. Suspension of taxable income limitation on percentage
depletion.
Sec. 165. Study on fair and transparent fuel
pricing.
Subtitle H—Carbon capture and sequestration
Sec. 171. Expansion and modification of advanced coal project
investment credit.
Title II—American-Made Energy Trust Fund
Sec. 201. Establishment of American-Made Energy Trust
Fund.
Title III—Development of oil and gas resources of the Coastal
Plain of Alaska
Sec. 301. Definitions.
Sec. 302. Leasing program for lands within the Coastal
Plain.
Sec. 303. Lease sales.
Sec. 304. Grant of leases by the Secretary.
Sec. 305. Lease terms and conditions.
Sec. 306. Coastal plain environmental protection.
Sec. 307. Expedited judicial review.
Sec. 308. Federal and State distribution of
revenues.
Sec. 309. Rights-of-way across the Coastal Plain.
Sec. 310. Conveyance.
Sec. 311. Local government impact aid and community service
assistance.
Title IV—Coal-to-Liquid Fuel Promotion
Sec. 401. Strategic Petroleum Reserve.
Sec. 402. Procurement of unconventional fuels by the Department
of Defense.
Sec. 403. Government auction of long term put option contracts
on coal-to-liquid fuel produced by qualified coal-to-liquid
facilities.
Sec. 404. Definitions.
Title V—Biofuel Program
Sec. 501. Grants for cellulosic ethanol production.
Sec. 502. Loan guarantees for biorefineries and biofuel
production plants.
Sec. 503. Biomass Research and Development Act of
2000.
Sec. 504. Forest bioenergy research program.
Sec. 505. Early action renewable fuel marketing.
Title VI—Alternative Vehicle Fuels
Sec. 601. Credit for plug-in hybrid vehicles.
Sec. 602. Use of credits.
Title VII—Offshore oil and gas leasing
Sec. 701. Termination of prohibitions on expenditures for, and
withdrawals from, offshore leasing.
Sec. 702. Outer Continental Shelf leasing program.
Sec. 703. Sharing of revenues.
Title VIII—Increasing nuclear generated electric
energy
Sec. 801. Increasing nuclear generated electric
energy.
<enum>I</enum><header>Tax
incentives for alternative energy and conservation</header>
<subtitle id="H73610126D06D49CFB91B8FA6D088392D"><enum>A</enum><header>Alternative
energy</header>
<section display-inline="no-display-inline" id="H9B46B86BE5C04CBA9CD159386611ECF4" section-type="subsequent-section"><enum>101.</enum><header>Credit for
investment in cellulosic biomass ethanol projects</header>
<subsection id="HB9C499D3C6B541829DCC99024504EA07"><enum>(a)</enum><header>Qualifying
cellulosic biomass ethanol project investment</header>
<paragraph id="H0E9DDEB9617E409A9E10949C2E86B17F"><enum>(1)</enum><header>In
general</header><text>Subpart E of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to rules for computing investment
credit) is amended by inserting after section 48B the following new
section:</text>
<quoted-block display-inline="no-display-inline" id="H0C831C2E9593459DB443DE0024863DC6" style="OLC">
<section id="HF384261569004C74A3149F2132D6B479"><enum>48C.</enum><header>Qualifying
cellulosic biomass ethanol project credit</header>
<subsection id="H7560F2BAC7C1436BB4006D4400B99F74"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the qualifying cellulosic
biomass ethanol project credit for any taxable year is an amount equal to 50
percent of the qualified investment for such taxable year.</text>
</subsection><subsection id="H44BFCBA27F4741B9BA2C656E41EB3B17"><enum>(b)</enum><header>Dollar
limitation</header><text>The amount of the credit determined under this section
for any taxable year shall not exceed $100,000,000.</text>
</subsection><subsection id="H5FF2EC780C434EF59BC3435DA5DFDD08"><enum>(c)</enum><header>Qualified
investment</header><text>For purposes of subsection (a), the qualified
investment for any taxable year is the basis of property placed in service by
the taxpayer during the taxable year which is part of a qualifying cellulosic
biomass ethanol project—</text>
<paragraph id="H7C542A8451624562AF0367E83EE9ED3C"><enum>(1)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="HE45369E69803429A81275C763068513C"><enum>(A)</enum><text>the construction,
reconstruction, or erection of which is completed by the taxpayer, or</text>
</subparagraph><subparagraph id="HF9B52FD9F3094E8AB398179DAA8B7DB0" indent="up1"><enum>(B)</enum><text>which is acquired by the taxpayer if
the original use of such property commences with the taxpayer, and</text>
</subparagraph></paragraph><paragraph id="HD8A4054D17F64882B2B893FBBF351BAC"><enum>(2)</enum><text>with respect to
which depreciation (or amortization in lieu of depreciation) is
allowable.</text>
</paragraph></subsection><subsection id="H47963838FD1C415AACED005EEC49009E"><enum>(d)</enum><header>Qualifying
cellulosic biomass ethanol project</header><text>For purposes of this section,
the term <term>qualifying cellulosic biomass ethanol project</term> means any
domestic project which produces not less than 5,000,000 gallons of ethanol per
year by enzymatic hydrolysis of any lignocellulosic or hemicellulosic feedstock
that is available on a renewable or recurring basis, including agricultural
residues, agricultural fibers, dedicated energy crops, grasses, plants, and
wood and wood residues.</text>
</subsection><subsection id="HDD9174C63C5C49F0961838AB6CFA6FE6"><enum>(e)</enum><header>Qualifying
cellulosic biomass ethanol project program</header>
<paragraph id="HD6566E3FD3BB40ABAF4F3C23C608691C"><enum>(1)</enum><header>In
general</header><text>The Secretary, in consultation with the Secretary of
Energy, shall establish a qualifying cellulosic biomass ethanol project program
to consider and award certifications for qualified investment eligible for
credits under this section to qualifying cellulosic biomass ethanol project
sponsors under this section. The total amounts of credit that may be allocated
under this program shall not exceed $2,000,000,000.</text>
</paragraph><paragraph id="HB6E52477BFD0409EAB85F36F2903BE7D"><enum>(2)</enum><header>Selection
criteria</header><text>The Secretary shall not make a competitive certification
award for qualified investment for credit eligibility under this section unless
the recipient has documented to the satisfaction of the Secretary that—</text>
<subparagraph commented="no" id="HBB627D7C6F5F4063008EEFFB53CDE696"><enum>(A)</enum><text>the proposal of
the award recipient is financially viable,</text>
</subparagraph><subparagraph id="H22ABAC38BE114F51B3A9C717FA8BD043"><enum>(B)</enum><text>the recipient will
provide sufficient information to the Secretary for the Secretary to ensure
that the qualified investment is spent efficiently and effectively,</text>
</subparagraph><subparagraph id="H5ADC65B6392243C7A9BE627886A542F5"><enum>(C)</enum><text>the award
recipient’s project team is competent in the planning and construction of
cellulosic biomass ethanol facilities, and</text>
</subparagraph><subparagraph id="HE03E672210854C01B1039B9764DD0094"><enum>(D)</enum><text>the award
recipient has met other criteria established and published by the
Secretary.</text>
</subparagraph></paragraph><paragraph id="H445087338B6147009D554B557885FD20"><enum>(3)</enum><header>Period of
certification</header><text>The Secretary may issue the certifications
described in paragraph (1) during the 10-year period beginning on October 1,
2008.</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="H2FBA69EA28D34968996035F14F36856F"><enum>(f)</enum><header>Denial of double
benefit</header><text>No deduction or other credit shall be allowed with
respect to the basis of any property taken into account in determining the
credit allowed under this
section.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H0B73EB62A2714F248476F421B578BDEB"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="HE8F2BEE11BA74C348198583C366F1090"><enum>(1)</enum><text>Section 46 of such
Code is amended by striking <quote>and</quote> at the end of paragraph (3), by
striking the period at the end of paragraph (4) and inserting <quote>,
and</quote>, and by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H7058FF4B72614905A12EBB357D7B46A5" style="OLC">
<paragraph id="H05FA3CD7996A40D28E5F00C0775BD2C1"><enum>(5)</enum><text>the qualifying
cellulosic biomass ethanol project
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H90E8F9732E9841F9ABED593C72009FC6"><enum>(2)</enum><text>The table of
sections for subpart E of part IV of subchapter A of chapter 1 of such Code is
amended by inserting after the item relating to section 48B the following new
item:</text>
<quoted-block display-inline="no-display-inline" id="H8C55E8340CD8433600A2152298FA8994" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48C. Qualifying cellulosic biomass
ethanol
project.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H4A16FF1FECCB4B728274B601629397EA"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to qualified
investment made after the date of the enactment of this Act.</text>
</subsection></section><section display-inline="no-display-inline" id="HD876630CC68A4A9881EAA1D6F42B2F90" section-type="subsequent-section"><enum>102.</enum><header>Investment tax
credit for investments in nuclear power facilities</header>
<subsection id="H9745DB82290C4D28A1D157012F2BF89"><enum>(a)</enum><header>New credit for
nuclear power facilities</header><text>Section 46 of the Internal Revenue Code
of 1986, as amended by this Act, is amended by—</text>
<paragraph id="H3561C49C159F4AFC89E071059100C973"><enum>(1)</enum><text>striking
<quote>and</quote> at the end of paragraph (4);</text>
</paragraph><paragraph id="H5EE8231763744A23BC481D910184B876"><enum>(2)</enum><text>striking the
period at the end of paragraph (5) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph id="H887F1B33AE4542EA9FC68EFADD8E918"><enum>(3)</enum><text>inserting after
paragraph (5) the following new paragraph:</text>
<quoted-block id="H4A9954CF659B4D6B001EB1EC46E0575D" style="OLC">
<paragraph id="HD90A06D0F05D4FC091F6247084D6D9F4"><enum>(6)</enum><text>the nuclear power
facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H790FCAAD34904A570000E872E8A8765D"><enum>(b)</enum><header>Nuclear power
facility construction credit</header><text>Subpart E of part IV of subchapter A
of chapter 1 of such Code, as amended by this Act, is amended by inserting
after section 48C the following new section:</text>
<quoted-block display-inline="no-display-inline" id="H5D231BDC54C34A91A345D3B48E045EE6" style="OLC">
<section id="HA0DD85D2C680486F8526275F60B27117"><enum>48D.</enum><header>Nuclear power
facility construction credit</header>
<subsection id="H8FCA1D64A8744E8A9F917C43CB27296B"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the nuclear power facility
construction credit for any taxable year is 20 percent of the qualified nuclear
power facility expenditures with respect to a qualified nuclear power
facility.</text>
</subsection><subsection id="H434E0E4714624C23B43598BD82F2067"><enum>(b)</enum><header>When expenditures
taken into account</header>
<paragraph id="H8B4C3D53B89047FB87A9D920216404E4"><enum>(1)</enum><header>In
general</header><text>Qualified nuclear power facility expenditures shall be
taken into account for the taxable year in which the qualified nuclear power
facility is placed in service.</text>
</paragraph><paragraph id="HD16BC5A7ACAD4B1282B4F4EFF4426DC"><enum>(2)</enum><header>Coordination with
subsection (c)</header><text>The amount which would (but for this paragraph) be
taken into account under paragraph (1) with respect to any qualified nuclear
power facility shall be reduced (but not below zero) by any amount of qualified
nuclear power facility expenditures taken into account under subsection (c) by
the taxpayer or a predecessor of the taxpayer (or, in the case of a sale and
leaseback described in section 50(a)(2)(C), by the lessee), to the extent any
amount so taken into account has not been required to be recaptured under
section 50(a).</text>
</paragraph></subsection><subsection id="HD5D20CA221F441889B4715DABDEC00B9"><enum>(c)</enum><header>Progress
expenditures</header>
<paragraph id="HAFB37F79543E4C9CB252F900304D27F4"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to take into account qualified
nuclear power facility expenditures—</text>
<subparagraph id="H8634D7DD623546BAAB84B57E8C4CB3CB"><enum>(A)</enum><header>Self-constructed
property</header><text>In the case of a qualified nuclear power facility which
is a self-constructed facility, in the taxable year for which such expenditures
are properly chargeable to capital account with respect to such
facility.</text>
</subparagraph><subparagraph id="HAEDA77940E204176940000ECD5520387"><enum>(B)</enum><header>Acquired
facility</header><text>In the case of a qualified nuclear facility which is not
self-constructed property, in the taxable year in which such expenditures are
paid.</text>
</subparagraph></paragraph><paragraph id="H358E23DED0F848219C4668C659B4F604"><enum>(2)</enum><header>Special rules
for applying paragraph (1)</header><text>For purposes of paragraph (1)—</text>
<subparagraph id="HCB831A463F1D4D77AF00DB2BF6F06413"><enum>(A)</enum><header>Component parts,
etc</header><text>Property which is not self-constructed property and which is
to be a component part of, or is otherwise to be included in, any facility to
which this subsection applies shall be taken into account in accordance with
paragraph (1)(B).</text>
</subparagraph><subparagraph id="HEA9DFC1AA6274B2DA45C9BDCE4E5C61B"><enum>(B)</enum><header>Certain
borrowing disregarded</header><text>Any amount borrowed directly or indirectly
by the taxpayer on a nonrecourse basis from the person constructing the
facility for the taxpayer shall not be treated as an amount expended for such
facility.</text>
</subparagraph><subparagraph id="H2396875B047442F7AEA8E1ECE35797CB"><enum>(C)</enum><header>Limitation for
facilities or components which are not self-constructed</header>
<clause id="H2043CFD8599F4AC6B5C467EA6D1B7889"><enum>(i)</enum><header>In
general</header><text>In the case of a facility or a component of a facility
which is not self-constructed, the amount taken into account under paragraph
(1)(B) for any taxable year shall not exceed the amount which represents the
portion of the overall cost to the taxpayer of the facility or component of a
facility which is properly attributable to the portion of the facility or
component which is completed during such taxable year.</text>
</clause><clause id="HB6DCBAC3857C428587EB261EDFD205B6"><enum>(ii)</enum><header>Carry-over of
certain amounts</header><text>In the case of a facility or component of a
facility which is not self-constructed—</text>
<subclause id="HBC272D422C2D462AA1A47719E72D6F6B"><enum>(I)</enum><text display-inline="yes-display-inline">if the amount which (but for clause (i))
would have been taken into account under paragraph (1)(B) for the taxable year
exceeds the limitation of clause (i), then the amount of such excess shall be
taken into account under paragraph (1)(B) for the succeeding taxable year,
and</text>
</subclause><subclause id="H54B3BC3163D14F2BBBAAAAD3DB06D0EF"><enum>(II)</enum><text>if the limitation
of clause (i) for the taxable year exceeds the amount taken into account under
paragraph (1)(B), then the amount of such excess shall increase the limitation
of clause (i) for the succeeding taxable year.</text>
</subclause></clause></subparagraph><subparagraph id="HCDB43D3349D54D13AAC1C671C526AF00"><enum>(D)</enum><header>Determination of
percentage of completion</header><text>The determination under subparagraph
(C)(i) of the portion of the overall cost to the taxpayer of the construction
which is properly attributable to construction completed during any taxable
year shall be made on the basis of engineering or architectural estimates or on
the basis of cost accounting records. Unless the taxpayer establishes otherwise
by clear and convincing evidence, the construction shall be deemed to be
completed not more rapidly than ratably over the normal construction
period.</text>
</subparagraph><subparagraph id="H9358A4F8536F4B51ACAE445B3488A700"><enum>(E)</enum><header>No progress
expenditures for certain prior periods</header><text>No qualified nuclear
facility expenditures shall be taken into account under this subsection for any
period before the first day of the first taxable year to which an election
under this subsection applies.</text>
</subparagraph><subparagraph id="HA7CFE1103209450AAD0114CBAA0006DF"><enum>(F)</enum><header>No progress
expenditures for property for year it is placed in service,
etc</header><text>In the case of any qualified nuclear facility, no qualified
nuclear facility expenditures shall be taken into account under this subsection
for the earlier of—</text>
<clause id="H74903F440B9F4B7B8EDB586DD71FDBA9"><enum>(i)</enum><text>the taxable year
in which the facility is placed in service, or</text>
</clause><clause id="HABB8A3B893ED4D96B223EE6FCBD9E19"><enum>(ii)</enum><text>the first taxable
year for which recapture is required under section 50(a)(2) with respect to
such facility, or for any taxable year thereafter.</text>
</clause></subparagraph></paragraph><paragraph id="H92A4A39671CF4485AD1B9454C96D19CC"><enum>(3)</enum><header>Self-constructed</header><text>For
purposes of this subsection—</text>
<subparagraph id="H6208502D43E644A1B0D7CE683595D250"><enum>(A)</enum><text>The term
<term>self-constructed facility</term> means any facility if it is reasonable
to believe that more than half of the qualified nuclear facility expenditures
for such facility will be made directly by the taxpayer.</text>
</subparagraph><subparagraph id="H00E48A5A41484904BC18F5EE93152913"><enum>(B)</enum><text>A component of a
facility shall be treated as not self-constructed if the cost of the component
is at least 5 percent of the expected cost of the facility and the component is
acquired by the taxpayer.</text>
</subparagraph></paragraph><paragraph id="H1AF33B912DF645C6B6EDE983E826FAB3"><enum>(4)</enum><header>Election</header><text>An
election shall be made under this section for a qualified nuclear power
facility by claiming the nuclear power facility construction credit for
expenditures described in paragraph (1) on a tax return filed by the due date
for such return (taking into account extensions). Such an election shall apply
to the taxable year for which made and all subsequent taxable years. Such an
election, once made, may be revoked only with the consent of the
Secretary.</text>
</paragraph></subsection><subsection id="HB71A2F095B3D421FACC07092C89DD1C5"><enum>(d)</enum><header>National
limitation on amount of investments designated</header><text display-inline="yes-display-inline">Subsection (a) shall not apply to the
extent that the aggregate nuclear power facility construction credit allowed
under such subsection exceeds $2,000,000,000.</text>
</subsection><subsection id="H6E378493DEC3458897C5F5E218CC9B50"><enum>(e)</enum><header>Definitions and
special rules</header><text>For purposes of this section—</text>
<paragraph id="HB6B5E2285CC04049967D2533F8C6561B"><enum>(1)</enum><header>Qualified
nuclear power facility</header><text>The term <term>qualified nuclear power
facility</term> means an advanced nuclear power facility (as defined in section
45J), the construction of which was approved by the Nuclear Regulatory
Commission on or before December 31, 2013.</text>
</paragraph><paragraph id="HD5235B26606443D39EB08435D6D3B5CF"><enum>(2)</enum><header>Qualified
nuclear power facility expenditures</header>
<subparagraph id="H42F2B5874DC9419E91D4DF335851777"><enum>(A)</enum><header>In
general</header><text>The term <term>qualified nuclear power facility
expenditures</term> means any amount properly chargeable to capital
account—</text>
<clause id="H161398E549ED44C084341F67F474FF31"><enum>(i)</enum><text>with respect to a
qualified nuclear power facility,</text>
</clause><clause id="HB3C75E44FCD4494796D64E9372BA0015"><enum>(ii)</enum><text>for which
depreciation is allowable under section 168, and</text>
</clause><clause id="H0B787FF800314DE9A3D3E6B0CF601EAD"><enum>(iii)</enum><text>which are
incurred before the qualified nuclear power facility is placed in service or in
connection with the placement of such facility in service.</text>
</clause></subparagraph><subparagraph id="H15917E375A164F0E8EAD10580890C7D1"><enum>(B)</enum><header>Pre-effective
date expenditures</header><text>Qualified nuclear power facility expenditures
do not include any expenditures incurred by the taxpayer before January 1,
2008, unless such expenditures constitute less than 20 percent of the total
qualified nuclear power facility expenditures (determined without regard to
this subparagraph) for the qualified nuclear power facility.</text>
</subparagraph></paragraph><paragraph id="H80A78BF06D444287A0BF7EC9C0A6E52C"><enum>(3)</enum><header>Delays and
suspension of construction</header>
<subparagraph id="HC1D74401EF7A4D1EA30000A840EBF2BE"><enum>(A)</enum><header>In
general</header><text>For purposes of applying this section and section 50, a
nuclear power facility that is under construction shall cease to be treated as
a facility that will be a qualified nuclear power facility as of the earlier
of—</text>
<clause id="HC03C2DD666DF411682B2D414DF7FE99"><enum>(i)</enum><text>the
date on which the taxpayer decides to terminate construction of the facility,
or</text>
</clause><clause id="H1B14AF42F65B452BB9D0BC00B8B275D1"><enum>(ii)</enum><text>the last day of
any 24 month period in which the taxpayer has failed to incur qualified nuclear
power facility expenditures totaling at least 20 percent of the expected total
cost of the nuclear power facility.</text>
</clause></subparagraph><subparagraph id="HDF76270D0F5F41C383D17761C45F0043"><enum>(B)</enum><header>Authority to
waive</header><text>The Secretary may waive the application of clause (ii) of
subparagraph (A) if the Secretary determines that the taxpayer intended to
continue the construction of the qualified nuclear power facility and the
expenditures were not incurred for reasons outside the control of the
taxpayer.</text>
</subparagraph><subparagraph id="HAB223731A9A74D09AFDB80608D4510C4"><enum>(C)</enum><header>Resumption of
construction</header><text>If a nuclear power facility that is under
construction ceases to be a qualified nuclear power facility by reason of
paragraph (2) and work is subsequently resumed on the construction of such
facility—</text>
<clause id="H8AF46DC1A2FC4467B050D86CB7B8F204"><enum>(i)</enum><text>the date work is
subsequently resumed shall be treated as the date that construction began for
purposes of paragraph (1), and</text>
</clause><clause id="H53BC9B7B7C244E2D00FCBFFA2DB3E8BD"><enum>(ii)</enum><text>if the facility
is a qualified nuclear power facility, the qualified nuclear power facility
expenditures shall be determined without regard to any delay or temporary
termination of construction of the
facility.</text>
</clause></subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HEEADC5616CAE4B1C8872BBD3C40701F8"><enum>(c)</enum><header>Provisions
relating to credit recapture</header>
<paragraph id="HF1D094A96391497D877C565FF8B43105"><enum>(1)</enum><header>Progress
expenditure recapture rules</header>
<subparagraph id="HDD3D591C641C4DA4A2BE001B30CB0B4"><enum>(A)</enum><header>Basic
rules</header><text>Subparagraph (A) of section 50(a)(2) of such Code is
amended to read as follows:</text>
<quoted-block id="H6794FAF7AD4C47ECA9915D9FD7448C00" style="OLC">
<subparagraph id="H86A9251DFBC3477EA400BE042D25EF52"><enum>(A)</enum><header>In
general</header><text>If during any taxable year any building to which section
47(d) applied or any facility to which section 48D(c) applied ceases (by reason
of sale or other disposition, cancellation or abandonment of contract, or
otherwise) to be, with respect to the taxpayer, property which, when placed in
service, will be a qualified rehabilitated building or a qualified nuclear
power facility, then the tax under this chapter for such taxable year shall be
increased by an amount equal to the aggregate decrease in the credits allowed
under section 38 for all prior taxable years which would have resulted solely
from reducing to zero the credit determined under this subpart with respect to
such building or
facility.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HD1EB5B12347B4E11904875A7D9000076"><enum>(B)</enum><header>Amendment to
excess credit recapture rule</header><text>Subparagraph (B) of section 50(a)(2)
of such Code is amended by—</text>
<clause id="H3A03534598094377954E60DE00C7AE27"><enum>(i)</enum><text>inserting
<quote>or paragraph (2) of section 48D(b)</quote> after <quote>paragraph (2) of
section 47(b)</quote>,</text>
</clause><clause id="HAFD37DB76E0640DAB71DA02FE9FDE8C9"><enum>(ii)</enum><text>inserting
<quote>or section 48D(b)(1)</quote> after <quote>section 47(b)(1)</quote>,
and</text>
</clause><clause id="H7C8BB0E8ABDC42FF8BF6D88EE15BC94E"><enum>(iii)</enum><text>inserting
<quote>or facility</quote> after <quote>building</quote>.</text>
</clause></subparagraph><subparagraph id="H0192158156E349F9893D18D0426C4D60"><enum>(C)</enum><header>Amendment of
sale and leaseback rule</header><text>Subparagraph (C) of section 50(a)(2) of
such Code is amended by—</text>
<clause id="HD5ECF6E5AA3041C0A5C8113273D4372"><enum>(i)</enum><text>inserting <quote>or
qualified nuclear power facility expenditures</quote> after <quote>qualified
rehabilitation expenditures</quote>, and</text>
</clause><clause id="HB17EED006D5F4EDCA420B5CBD35C8C00"><enum>(ii)</enum><text>inserting
<quote>or section 48D(c)</quote> after <quote>section 47(d)</quote>.</text>
</clause></subparagraph><subparagraph id="H3481688B814B43378849F293950240E7"><enum>(D)</enum><header>Other
amendment</header><text>Subparagraph (D) of section 50(a)(2) of such Code is
amended by inserting <quote>or section 48D(c)</quote> after <quote>section
47(d)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="HE1611D5F0363447D803018E7E4C9B349"><enum>(d)</enum><header>No basis
adjustment</header><text>Section 50(c) of such Code is amended by inserting at
the end thereof the following new paragraph:</text>
<quoted-block id="H276FAA3BD46B4F52A8CF9843CAEAE4DE" style="OLC">
<paragraph id="H02C6BBB72C2F409295CF0CEEB256D"><enum>(6)</enum><header>Nuclear power
facility construction credit</header><text>Paragraphs (1) and (2) shall not
apply to the nuclear power facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HAB19FA7B7BBA400EB9B239161334D3F"><enum>(e)</enum><header>Technical
amendments</header><text>The table of sections for subpart E of part IV of
subchapter A of chapter 1 of such Code is amended by inserting after the item
relating to section 48C the following new item:</text>
<quoted-block display-inline="no-display-inline" id="H964BB13D0CC84D2789CB631EFCDF005E" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 48D. Nuclear power facility
construction
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HB0950A0CF13947988D91DB59A259D6DA"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section shall be effective for
expenditures incurred and property placed in service in taxable years beginning
after the date of the enactment of this Act.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="HE9BE41986B6C458D93941512468F3B32"><enum>103.</enum><header>Expansion of
special allowance to cellulosic biomass alcohol fuel plant property</header>
<subsection commented="no" display-inline="no-display-inline" id="H32A9E22DE1ED41A8A5F5053ED9A495B2"><enum>(a)</enum><header>In
general</header><text>Paragraph (3) of section 168(l) of the Internal Revenue
Code of 1986 (relating to special allowance for cellulosic biomass ethanol
plant property) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H92CC42A2863249AAA11ECEC7B0726443" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="H55E9E2D0C56744478FB6A7CB234022AB"><enum>(3)</enum><header>Cellulosic
biomass alcohol</header><text>For purposes of this subsection, the term
<term>cellulosic biomass alcohol</term> means any alcohol produced from any
lignocellulosic or hemicellulosic matter that is available on a renewable or
recurring
basis.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HB6549A455BBB4D51A7AE6F31E7E15806"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph commented="no" display-inline="no-display-inline" id="HE1F127511D1A4EC799AAB69D284F4BBC"><enum>(1)</enum><text>Subsection (l) of
section 168 of such Code is amended by striking <quote>cellulosic biomass
ethanol</quote> each place it appears and inserting <quote>cellulosic biomass
alcohol</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H054915DD4EA74228B8CA566E20B3EEE7"><enum>(2)</enum><text>The heading of
section 168(l) of such Code is amended by striking <quote><header-in-text level="subsection" style="OLC">cellulosic biomass ethanol</header-in-text></quote> and inserting
<quote><header-in-text level="subsection" style="OLC">cellulosic biomass
alcohol</header-in-text></quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HE9DDC7A636A741AC995FB9007C00216E"><enum>(3)</enum><text>The heading of
paragraph (2) of section 168(l) of such Code is amended by striking
<quote><header-in-text level="paragraph" style="OLC">cellulosic biomass
ethanol</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">cellulosic biomass
alcohol</header-in-text></quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H2A5BF334CB9447709F43F3722C2B0047"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after the date of the enactment of this Act, in taxable years
ending after such date.</text>
</subsection></section></subtitle><subtitle id="H0D314CA542994166BFD7F39EC400A485"><enum>B</enum><header>Electricity and
renewables</header>
<section id="H6C22E220D1AA4E39BAFFBC1545FFAF3E"><enum>111.</enum><header>Extension and
modification of energy investment tax credit</header>
<subsection id="HA6F680A1EB104492BE41A73989C7381"><enum>(a)</enum><header>Extension of
Credit</header>
<paragraph id="H2F72B66E243743AC9760D7C49025F5CC"><enum>(1)</enum><header>Solar energy
property</header><text>Paragraphs (2)(A)(i)(II) and (3)(A)(ii) of section 48(a)
of the Internal Revenue Code of 1986 (relating to energy credit) are each
amended by striking <quote>January 1, 2009</quote> and inserting <quote>January
1, 2017</quote>.</text>
</paragraph><paragraph id="H99DB45A9E90F495BAAF0642CC8AB7887"><enum>(2)</enum><header>Fuel cell
property</header><text>Subparagraph (E) of section 48(c)(1) of such Code
(relating to qualified fuel cell property) is amended by striking
<quote>December 31, 2008</quote> and inserting <quote>December 31,
2016</quote>.</text>
</paragraph></subsection><subsection id="H4CD31C63A8B3426584A64ECD404C28EC"><enum>(b)</enum><header>Allowance of
Energy Credit Against Alternative Minimum Tax</header><text>Subparagraph (B) of
section 38(c)(4) of such Code (relating to specified credits) is amended by
striking <quote>and</quote> at the end of clause (iii), by striking the period
at the end of clause (iv) and inserting <quote>, and</quote>, and by adding at
the end the following new clause:</text>
<quoted-block id="H70DFC3868CB940EFB1BE7402BF34F02E" style="OLC">
<subsection id="H749FC641036142C3838460FEC37D6736"><enum>(v)</enum><text>the credit
determined under section 46 to the extent that such credit is attributable to
the energy credit determined under section
48.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HF444F445B2B34FEE98881F00AFD69C9E"><enum>(c)</enum><header>Increase of
Credit Limitation for Fuel Cell Property</header><text>Subparagraph (B) of
section 48(c)(1) of such Code is amended by striking <quote>$500</quote> and
inserting <quote>$1,500</quote>.</text>
</subsection><subsection id="HDB2BB1C8A6914E88B6808951EBB1F4DA"><enum>(d)</enum><header>Public Electric
Utility Property Taken Into Account</header>
<paragraph id="H86B61C8A12A94529AD029DD0BADAC7EB"><enum>(1)</enum><header>In
general</header><text>Paragraph (3) of section 48(a) of such Code is amended by
striking the second sentence thereof.</text>
</paragraph><paragraph id="HEEB2627AD18F4CBFA978BDDE74539F93"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="H42CC38434410451FA5C92C4EF0D3C638"><enum>(A)</enum><text>Paragraph (1) of
section 48(c) of such Code is amended by striking subparagraph (D) and
redesignating subparagraph (E) as subparagraph (D).</text>
</subparagraph><subparagraph id="H4A7BFDCFAE3E4E6897EFE02D6C164356"><enum>(B)</enum><text>Paragraph (2) of
section 48(c) of such Code is amended by striking subparagraph (D) and
redesignating subparagraph (E) as subparagraph (D).</text>
</subparagraph></paragraph></subsection><subsection id="H3138A29353DE47B69BD26696A71A8EA"><enum>(e)</enum><header>Clerical
Amendments</header><text>Paragraphs (1)(B) and (2)(B) of section 48(c) of such
Code are each amended by striking <quote>paragraph (1)</quote> and inserting
<quote>subsection (a)</quote>.</text>
</subsection><subsection id="HE2F52EF9095243048BECBFD4007CE694"><enum>(f)</enum><header>Effective
Date</header>
<paragraph id="H4D3285E3037A4CB58452D4C6275DDBA5"><enum>(1)</enum><header>In
general</header><text>Except as otherwise provided in this subsection, the
amendments made by this section shall take effect on the date of the enactment
of this Act.</text>
</paragraph><paragraph id="H2914C50BE5EB4F4382352DE9C5DF7BC7"><enum>(2)</enum><header>Allowance
against alternative minimum tax</header><text>The amendments made by subsection
(b) shall apply to credits determined under section 46 of the Internal Revenue
Code of 1986 in taxable years beginning after the date of the enactment of this
Act and to carrybacks of such credits.</text>
</paragraph><paragraph id="H86819EE7C825400A937CF5F11AE6CE8"><enum>(3)</enum><header>Increase in
limitation for fuel cell property</header><text>The amendment made by
subsection (c) shall apply to periods after the date of the enactment of this
Act, in taxable years ending after such date, under rules similar to the rules
of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day
before the date of the enactment of the Revenue Reconciliation Act of
1990).</text>
</paragraph><paragraph id="H3A626F60AE6C4CA9A7DDC0D611007D0"><enum>(4)</enum><header>Public electric
utility property</header><text>The amendments made by subsection (d) shall
apply to periods after June 20, 2008, in taxable years ending after such date,
under rules similar to the rules of section 48(m) of the Internal Revenue Code
of 1986 (as in effect on the day before the date of the enactment of the
Revenue Reconciliation Act of 1990).</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="HE60975B9521443E297BD6CC5F627B30" section-type="subsequent-section"><enum>112.</enum><header>Credit rate parity
for all renewable resources under electricity production credit</header>
<subsection id="HEFA6244C0E1649DF9B189EFECB8F99C7"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 45(b)(4)(A)
of the Internal Revenue Code of 1986 (relating to credit rate) is amended by
inserting <quote>and before 2008</quote> after <quote>2003</quote>.</text>
</subsection><subsection id="H31F22E0D739043C984E614CA6929F88E"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by this section shall apply to
electricity produced and sold after December 31, 2007.</text>
</subsection></section><section display-inline="no-display-inline" id="H862C6BA391B64354972CF2FFC8FEFFA4" section-type="subsequent-section"><enum>113.</enum><header>Extension of credit
for producing electricity from certain renewable resources</header><text display-inline="no-display-inline">Subsection (d) of section 45 of the Internal
Revenue Code of 1986 is amended by striking <quote>January 1, 2009</quote> each
place it appears and inserting <quote>January 1, 2014</quote>.</text>
</section><section id="HF955E799EE034803911BD0EDAD3DCF6"><enum>114.</enum><header>Expansion of
credit for electricity produced from agricultural livestock waste
nutrients</header>
<subsection id="HCC8BCFC39FA547CF8ECFB9A2EBCCFFE5"><enum>(a)</enum><header>Increase in
credit rate</header><text display-inline="yes-display-inline">Subparagraph (A)
of section 45(b)(4) of the Internal Revenue Code of 1986 (relating to credit
rate) is amended by striking <quote>paragraph (3),</quote> and inserting
<quote>paragraph (3) (other than subparagraph (A)(i) thereof),</quote>.</text>
</subsection><subsection id="H6147F3A107C14F738DBDECD3003E1C50"><enum>(b)</enum><header>Biogas and
thermal energy produced from agricultural livestock waste
nutrients</header><text>Section 45(e) of such Code (relating to definitions and
special rules) is amended by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H9391043419394DA4BCF8A4E915966214" style="OLC">
<paragraph id="HA53289C020F141E3A12344E418C094E1"><enum>(12)</enum><header>Biogas and
thermal energy produced from agricultural livestock waste nutrients</header>
<subparagraph id="H9DDE1C145E4B495CB9C75375E3685300"><enum>(A)</enum><header>In
general</header><text>In the case of an open-loop biomass facility, the term
<term>kilowatt hour of electricity</term> in paragraph (2) of subsection (a)
shall mean kilowatt hours of electricity and kilowatt-equivalent hours of
biogas, synthesis gas, and thermal energy produced from agricultural livestock
waste nutrients.</text>
</subparagraph><subparagraph id="HD93C3E3819804069915DD5663C5D95EB"><enum>(B)</enum><header>Clarification</header><text>Any
requirements related to electricity production under paragraph (3) of
subsection (d) shall not cause a facility producing biogas, synthesis gas, or
thermal energy from agricultural livestock waste nutrients to fail to be
treated as a qualified facility under subsection
(d).</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H63611AC2A8B14A0CB152CCED6FC39D89"><enum>(c)</enum><header>Credit Allowed
for On-Site Use</header><text display-inline="yes-display-inline">Section 45(e)
of such Code (relating to definitions and special rules) is amended by adding
at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H90EA4997D2194A270096DC4CCFE7E0FE" style="OLC">
<paragraph id="HACB84D148E59494D9E21B1E60859EFF2"><enum>(13)</enum><header>Credit allowed
for on-site use</header><text>In the case of electricity or biogas, synthesis
gas, or thermal energy produced at any facility described in paragraph (3) of
subsection (d) which is equipped with net metering to determine electricity
consumption or sale (such consumption or sale to be verified by a third party
as determined by the Secretary), subsection (a)(2) shall be applied without
regard to subparagraph (B)
thereof.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HE4EFC77AE9A24E358BF0C0B562FB4101"><enum>(d)</enum><header>Effective
dates</header>
<paragraph id="H886D52703C8645E094489FD4E48C70E"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), the amendments made
by this section shall apply to taxable years ending after December 31,
2006.</text>
</paragraph><paragraph id="H526B2674A09F4010B4342FC7CB1EBC4"><enum>(2)</enum><header>Subsection
<enum-in-header>(c)</enum-in-header></header><text>The amendment made by
subsection (c) shall apply to facilities placed in service after the date of
the enactment of this Act.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="HB538B7E541C24DDD84393C9DD507F011" section-type="subsequent-section"><enum>115.</enum><header>Credit for
installation of wind energy property including by rural homeowners, farmers,
ranchers, and small businesses</header>
<subsection commented="no" id="H2A881C2E818A40D6813C94E58732334C"><enum>(a)</enum><header>In
general</header><text>Subpart B of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 is amended by adding at the end the following new
section:</text>
<quoted-block id="HE742EA3463C0477FACD58D0029461C94">
<section commented="no" id="H5BDF797F6A934116A0EB9BFE585BB96F"><enum>30D.</enum><header>Wind energy
property</header>
<subsection commented="no" id="H1DDB281EE0B940FC9E0877F3A727FD93"><enum>(a)</enum><header>Allowance of
credit</header><text>There shall be allowed as a credit against the tax imposed
by this chapter for the taxable year an amount equal to $1,500 with respect to
each half kilowatt of capacity of qualified wind energy property placed in
service or installed by the taxpayer during such taxable year.</text>
</subsection><subsection commented="no" id="HD5761F665281497600EC4FC1B9195BE9"><enum>(b)</enum><header>Limitation</header><text>No
credit shall be allowed under subsection (a) unless at least 50 percent of the
energy produced annually by the qualified wind energy property is consumed on
the site on which the property is placed in service or installed.</text>
</subsection><subsection commented="no" id="H2BADF1E75A474221B18B005825C04E46"><enum>(c)</enum><header>Qualified wind
energy property</header><text>For purposes of this section, the term
<term>qualified wind energy property</term> means a wind turbine of 100
kilowatts of rated capacity or less if—</text>
<paragraph commented="no" id="H821361B3A4AA40E7A5BB2C590700FF66"><enum>(1)</enum><text display-inline="yes-display-inline">such turbine is placed in service or
installed on or in connection with property located in the United
States,</text>
</paragraph><paragraph commented="no" id="H21FD5EF1656B4ED8865551B40051AA79"><enum>(2)</enum><text>in the case of an
individual, the property on or in connection with which such turbine is
installed is a dwelling unit, and</text>
</paragraph><paragraph commented="no" id="H49FAA4FB9BC54F84973234DE00838379"><enum>(3)</enum><text>the original use
of such turbine commences with the taxpayer.</text>
</paragraph></subsection><subsection commented="no" id="HB710FE24856947638F6DC0EE27B9B3A6"><enum>(d)</enum><header>Limitation based
on amount of tax</header>
<paragraph commented="no" id="H644EE0A20F90453F94BDA6343E4CE7D"><enum>(1)</enum><header>In
general</header><text>The credit allowed under subsection (a) for any taxable
year shall not exceed the excess of—</text>
<subparagraph commented="no" id="H735DCF1FA5B44B4E8F9C4BB58C96CFF7"><enum>(A)</enum><text>the sum of the
regular tax liability (as defined in section 26(b)) plus the tax imposed by
section 55, over</text>
</subparagraph><subparagraph commented="no" id="HC5C39C7BCFAB4E388E976181CE03FE24"><enum>(B)</enum><text>the sum of the
credits allowable under this part (other than under this section and subpart C
thereof, relating to refundable credits) and section 1397E.</text>
</subparagraph></paragraph><paragraph commented="no" id="H6B0787F38F564FD60063DFB040C418E5"><enum>(2)</enum><header>Carryover of
unused credit</header><text>If the credit allowable under subsection (a)
exceeds the limitation imposed by paragraph (1) for such taxable year, such
excess shall be carried to the succeeding taxable year and added to the credit
allowable under subsection (a) for such taxable year.</text>
</paragraph></subsection><subsection commented="no" id="H49327487C2294E21AC6B49700066B76B"><enum>(e)</enum><header>Special
rules</header><text>For purposes of this section—</text>
<paragraph commented="no" id="H86C21B8480CE440089A057D8390800CE"><enum>(1)</enum><header>Tenant-stockholder
in cooperative housing corporation</header><text>In the case of an individual
who is a tenant-stockholder (as defined in section 216(b)(2)) in a cooperative
housing corporation (as defined in section 216(b)(1)), such individual shall be
treated as having paid his tenant-stockholder’s proportionate share (as defined
in section 216(b)(3)) of any expenditures paid or incurred for qualified wind
energy property by such corporation, and such credit shall be allocated
appropriately to such individual.</text>
</paragraph><paragraph commented="no" id="H773AC9D5B603412384526DC7205DC00"><enum>(2)</enum><header>Condominiums</header>
<subparagraph commented="no" id="H5BDF9CA39C4C4305A235212DA9DD3260"><enum>(A)</enum><header>In
general</header><text>In the case of an individual who is a member of a
condominium management association with respect to a condominium which he owns,
such individual shall be treated as having paid his proportionate share of
expenditures paid or incurred for qualified wind energy property by such
association, and such credit shall be allocated appropriately to such
individual.</text>
</subparagraph><subparagraph commented="no" id="H946B3C8A33F54965A1DE534FB1DAEAE"><enum>(B)</enum><header>Condominium
management association</header><text>For purposes of this paragraph, the term
<term>condominium management association</term> means an organization which
meets the requirements of section 528(c)(2) with respect to a condominium
project of which substantially all of the units are used by individuals as
dwelling units.</text>
</subparagraph></paragraph></subsection><subsection commented="no" id="H1A0E2D08C18847F597691D5C1E15C751"><enum>(f)</enum><header>Basis
adjustment</header><text>For purposes of this subtitle, if a credit is allowed
under this section for any expenditure with respect to a dwelling unit or other
property, the increase in the basis of such dwelling unit or other property
which would (but for this subsection) result from such expenditure shall be
reduced by the amount of the credit so allowed.</text>
</subsection><subsection commented="no" id="H9BDE641A528D41F29950FE377F4EA593"><enum>(g)</enum><header>Application of
credit</header><text>The credit allowed under this section shall apply to
property placed in service or installed after December 31, 2007, and before
January 1,
2012.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="H1B815A64664D4DB2BA454798DECF95B3"><enum>(b)</enum><header>Conforming
amendment</header><text>Subsection (a) of section 1016 of the Internal Revenue
Code of 1986 (relating to general rule for adjustments to basis) is amended by
striking <quote>and</quote> at the end of paragraph (36), by striking the
period at the end of paragraph (37) and inserting <quote>, and</quote>, and by
adding at the end the following new paragraph:</text>
<quoted-block id="H83341424E80843A1B913ABB4E200342C">
<paragraph commented="no" id="HC0251C8342AB4E378976B49181532228"><enum>(38)</enum><text>in the case of a
dwelling unit or other property with respect to which a credit was allowed
under section 30D, to the extent provided in section
30D(f).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="HF4A1A764D81F44E189E705407089E6AD"><enum>(c)</enum><header>Clerical
amendment</header><text>The table of sections for subpart B of part IV of
subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by
inserting after the item relating to section 30C the following new item:</text>
<quoted-block display-inline="no-display-inline" id="HC2070B47A9704D458852132D425FAFBB" style="OLC">
<toc container-level="quoted-block-container" idref="HE742EA3463C0477FACD58D0029461C94" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry idref="H5BDF797F6A934116A0EB9BFE585BB96F" level="section">Sec. 30D. Wind energy
property.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="H21C67A1272CE443496AEE557FA1EC71"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years ending after the date of the enactment of this Act.</text>
</subsection></section><section display-inline="no-display-inline" id="HFAC8053C48E9422FA34B96CD24B26688" section-type="subsequent-section"><enum>116.</enum><header>3-year accelerated
depreciation period for wind energy property</header>
<subsection id="HEDF8BB5BD81A4E9B8190B9EEC3E8655B"><enum>(a)</enum><header>In
general</header><text>Subparagraph (A) of section 168(e)(3) of the Internal
Revenue Code of 1986 is amended by striking <quote>and</quote> at the end of
clause (ii), by striking the period at the end of clause (iii) and inserting
<quote>, and</quote>, and by inserting after clause (iii) the following new
clause:</text>
<quoted-block display-inline="no-display-inline" id="H5985680203714D179617EBDF73A45BA" style="OLC">
<clause id="HD6D24D60328B4FD1BEC7C1C8D2000B"><enum>(iv)</enum><text display-inline="yes-display-inline">any property which would be described in
subparagraph (A) of section 48(a)(3) if <quote>wind energy</quote> were
substituted for <quote>solar energy</quote> in clause (i) thereof and the last
sentence of such section did not apply to such
subparagraph.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H666F3E5D991348FD81C4EB11A0CED730"><enum>(b)</enum><header>Conforming
amendment</header><text>Section 168(e)(3)(B)(vi)(I) of such Code is amended to
read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HFB8F3D61FBD440AC946ECBE891C07FFA" style="OLC">
<subclause id="HD4C9B833479C49B38482594C86CA3D06"><enum>(I)</enum><text display-inline="yes-display-inline">is described in subparagraph (A) of section
48(a)(3) if the last sentence of such section did not apply to such
subparagraph,</text>
</subclause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H1AB488D3B15644AD855400D51C17E573"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service in taxable years ending after the date of the enactment of
this Act.</text>
</subsection></section><section id="H6A38D4D328994E6CB0CFC852DF3DC491"><enum>117.</enum><header>Repeal of
dollar limitation and allowance against alternative minimum tax for residential
solar and fuel cell property credit</header>
<subsection id="HB3A153F4810D4B5E9300821FC4EB7212"><enum>(a)</enum><header>Repeal of
Maximum Dollar Limitation</header>
<paragraph id="H7A1B2CA4FD2A48BBAFB3ED02F2101EA9"><enum>(1)</enum><header>In
general</header><text>Subsection (b) of section 25D of the Internal Revenue
Code of 1986 (relating to limitations) is amended to read as follows:</text>
<quoted-block id="HE8C142D1A5FE4BE1B54B88B55692E8CD" style="OLC">
<subsection id="H4BABD0A30FAF4A19853DC167B902E5E5"><enum>(b)</enum><header>Certification of
Solar Water Heating Property</header><text>No credit shall be allowed under
this section for an item of property described in subsection (d)(1) unless such
property is certified for performance by the non-profit Solar Rating
Certification Corporation or a comparable entity endorsed by the government of
the State in which such property is
installed.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HA189A28106EB4C05ABE98CD3742B309C"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="HC090C260EE5F4FE98744DB751BC833AE"><enum>(A)</enum><text>Subsection (e) of
section 25D of such Code is amended by striking paragraph (4) and by
redesignating paragraphs (5) through (9) as paragraphs (4) through (8),
respectively.</text>
</subparagraph><subparagraph id="HAE5BE9BC897A4A9AABF0DB1501C1A441"><enum>(B)</enum><text>Paragraph (1) of
section 25C(e) of such Code is amended by striking <quote>(8), and (9)</quote>
and inserting <quote>and (8) (and paragraph (4) as in effect before its repeal
by the <short-title>American-Made Energy Act of
2008</short-title>)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H60E5E181DE7543E6A1FCC22108E28B00"><enum>(b)</enum><header>Credit Allowed
Against Alternative Minimum Tax</header>
<paragraph id="HDEA11348C9F8438C8CBAC85468F774F3"><enum>(1)</enum><header>In
general</header><text>Subsection (c) of section 25D of such Code is amended to
read as follows:</text>
<quoted-block id="HC1F927CB104C4C94A6E67D87400EE4" style="OLC">
<subsection id="H6B1FEDFD7A544031B84E56E044B6511E"><enum>(c)</enum><header>Limitation Based
on Amount of Tax; Carryforward of Unused Credit</header>
<paragraph id="H89645CBD956547DBBA33B61D7954D6B6"><enum>(1)</enum><header>Limitation based
on amount of tax</header><text>In the case of a taxable year to which section
26(a)(2) does not apply, the credit allowed under subsection (a) for the
taxable year shall not exceed the excess of—</text>
<subparagraph id="HC03A695589B34306A11E9C26131FBF24"><enum>(A)</enum><text>the sum of the
regular tax liability (as defined in section 26(b)) plus the tax imposed by
section 55, over</text>
</subparagraph><subparagraph id="H39CD0FC1C73644ADB035E900D9CC3603"><enum>(B)</enum><text>the sum of the
credits allowable under this subpart (other than this section) and section 27
for the taxable year.</text>
</subparagraph></paragraph><paragraph id="H3FB45F8C56284B629F3195B1E384D45"><enum>(2)</enum><header>Carryforward of
unused credit</header>
<subparagraph id="H9DD7AEDBD20449DCBA00080112A5E74D"><enum>(A)</enum><header>Rule for years
in which all personal credits allowed against regular and alternative minimum
tax</header><text>In the case of a taxable year to which section 26(a)(2)
applies, if the credit allowable under subsection (a) exceeds the limitation
imposed by section 26(a)(2) for such taxable year reduced by the sum of the
credits allowable under this subpart (other than this section), such excess
shall be carried to the succeeding taxable year and added to the credit
allowable under subsection (a) for such succeeding taxable year.</text>
</subparagraph><subparagraph id="H6BFC0155BB6B4335BEC39853DF05C0A2"><enum>(B)</enum><header>Rule for other
years</header><text>In the case of a taxable year to which section 26(a)(2)
does not apply, if the credit allowable under subsection (a) exceeds the
limitation imposed by paragraph (1) for such taxable year, such excess shall be
carried to the succeeding taxable year and added to the credit allowable under
subsection (a) for such succeeding taxable
year.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H311E129DBFD840D6A07E78DC3940CC6D"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="H32725A049965400CBE0241CA49BD9B70"><enum>(A)</enum><text>Section
23(b)(4)(B) of such Code is amended by inserting <quote>and section 25D</quote>
after <quote>this section</quote>.</text>
</subparagraph><subparagraph id="H3F7748D04B4140C4AF005495F699814E"><enum>(B)</enum><text>Section
24(b)(3)(B) of such Code is amended by striking <quote>and 25B</quote> and
inserting <quote>, 25B, and 25D</quote>.</text>
</subparagraph><subparagraph id="H33FE461AAC0F41D8868875BCBB9DB900"><enum>(C)</enum><text>Section 25B(g)(2)
of such Code is amended by striking <quote>section 23</quote> and inserting
<quote>sections 23 and 25D</quote>.</text>
</subparagraph><subparagraph id="H08BD233D44CD45C7936203D5FED20544"><enum>(D)</enum><text>Section 26(a)(1)
of such Code is amended by striking <quote>and 25B</quote> and inserting
<quote>25B, and 25D</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H1AC770BAB40D4E5DA650D537149CB2AA"><enum>(c)</enum><header>Effective
Dates</header>
<paragraph id="HDD5AA5E36E1D4038B00056A221F850D1"><enum>(1)</enum><header>In
general</header><text>Except as otherwise provided in this subsection, the
amendments made by this section shall apply to expenditures made after the date
of the enactment of this Act.</text>
</paragraph><paragraph id="H5522900093144F28A641B4C1F2AA2A6"><enum>(2)</enum><header>Allowance against
alternative minimum tax</header>
<subparagraph id="H89B873D1AA6B472DBF2DC5E7E2A4DE03"><enum>(A)</enum><header>In
general</header><text>The amendments made by subsection (b) shall apply to
taxable years beginning after the date of the enactment of this Act.</text>
</subparagraph><subparagraph id="HFF95528016BB438EA71CC31AA9F00EF"><enum>(B)</enum><header>Application of
egtrra sunset</header><text>The amendments made by subparagraphs (A) and (B) of
subsection (b)(2) shall be subject to title IX of the Economic Growth and Tax
Relief Reconciliation Act of 2001 in the same manner as the provisions of such
Act to which such amendments relate.</text>
</subparagraph></paragraph></subsection></section><section display-inline="no-display-inline" id="HC22B71525BBD4C50AE64C340D3908352" section-type="subsequent-section"><enum>118.</enum><header>New clean renewable
energy bonds</header>
<subsection id="H4F891CF6476141E898AB925EC60064A8"><enum>(a)</enum><header>In
general</header><text>Part IV of subchapter A of chapter 1 of the Internal
Revenue Code of 1986 (relating to credits against tax) is amended by adding at
the end the following new subpart:</text>
<quoted-block display-inline="no-display-inline" id="H1850D2CCE56A45C6B96229D500FBF677" style="OLC">
<subpart id="HD13F2087A4EB4E849500B3D264EEFA27"><enum>I</enum><header>Qualified tax
credit bonds</header>
<toc container-level="subpart-container" idref="HD13F2087A4EB4E849500B3D264EEFA27" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry idref="HC059999B000A4E95A486EF8E2BD3DA34" level="section">Sec. 54A. Credit to holders of qualified tax credit
bonds.</toc-entry>
<toc-entry idref="HB51771802800467B81BB298CDB37AA20" level="section">Sec. 54B. New clean renewable energy bonds.</toc-entry>
</toc>
<section display-inline="no-display-inline" id="HC059999B000A4E95A486EF8E2BD3DA34" section-type="subsequent-section"><enum>54A.</enum><header>Credit to holders of
qualified tax credit bonds</header>
<subsection id="H689FA809CAB34BCE8809141D5567DF93"><enum>(a)</enum><header>Allowance of
credit</header><text>If a taxpayer holds a qualified tax credit bond on one or
more credit allowance dates of the bond during any taxable year, there shall be
allowed as a credit against the tax imposed by this chapter for the taxable
year an amount equal to the sum of the credits determined under subsection (b)
with respect to such dates.</text>
</subsection><subsection id="H29DC6F88C851446BB2E645DF849D511E"><enum>(b)</enum><header>Amount of
credit</header>
<paragraph id="HC22585DA3DF1454DAB78856BEACA1632"><enum>(1)</enum><header>In
general</header><text>The amount of the credit determined under this subsection
with respect to any credit allowance date for a qualified tax credit bond is 25
percent of the annual credit determined with respect to such bond.</text>
</paragraph><paragraph id="H427D503DEA48429CB104CE80D71EB3AD"><enum>(2)</enum><header>Annual
credit</header><text>The annual credit determined with respect to any qualified
tax credit bond is the product of—</text>
<subparagraph id="H167D3B2DC1794B518D6F54E1AC372B8D"><enum>(A)</enum><text>the applicable
credit rate, multiplied by</text>
</subparagraph><subparagraph id="H066356DD57E747E0006E1E00009C7117"><enum>(B)</enum><text>the outstanding
face amount of the bond.</text>
</subparagraph></paragraph><paragraph id="H85687D2B7E0E4B868BF89DF5FFAF4C19"><enum>(3)</enum><header>Applicable
credit rate</header><text display-inline="yes-display-inline">For purposes of
paragraph (2), the applicable credit rate is the rate which the Secretary
estimates will permit the issuance of qualified tax credit bonds with a
specified maturity or redemption date without discount and without interest
cost to the qualified issuer. The applicable credit rate with respect to any
qualified tax credit bond shall be determined as of the first day on which
there is a binding, written contract for the sale or exchange of the
bond.</text>
</paragraph><paragraph id="H53E75427BC264C46B0A01FCD7FA9B4BA"><enum>(4)</enum><header>Special rule for
issuance and redemption</header><text>In the case of a bond which is issued
during the 3-month period ending on a credit allowance date, the amount of the
credit determined under this subsection with respect to such credit allowance
date shall be a ratable portion of the credit otherwise determined based on the
portion of the 3-month period during which the bond is outstanding. A similar
rule shall apply when the bond is redeemed or matures.</text>
</paragraph></subsection><subsection id="HF985E8488A62455AAD33E96DDE1784E2"><enum>(c)</enum><header>Limitation based
on amount of tax</header>
<paragraph id="H91C1D4729862468ABEE2BD81B25C179B"><enum>(1)</enum><header>In
general</header><text>The credit allowed under subsection (a) for any taxable
year shall not exceed the excess of—</text>
<subparagraph id="H7BEE85EBB2774F56005BC87912AC4914"><enum>(A)</enum><text>the sum of the
regular tax liability (as defined in section 26(b)) plus the tax imposed by
section 55, over</text>
</subparagraph><subparagraph id="H412893836402487EA13D6FF6577C6F2C"><enum>(B)</enum><text>the sum of the
credits allowable under this part (other than subpart C and this
subpart).</text>
</subparagraph></paragraph><paragraph id="H4A9A77FCB24245F0B9A28FAA4BC6BB00"><enum>(2)</enum><header>Carryover of
unused credit</header><text display-inline="yes-display-inline">If the credit
allowable under subsection (a) exceeds the limitation imposed by paragraph (1)
for such taxable year, such excess shall be carried to the succeeding taxable
year and added to the credit allowable under subsection (a) for such taxable
year (determined before the application of paragraph (1) for such succeeding
taxable year).</text>
</paragraph></subsection><subsection display-inline="no-display-inline" id="H500E069077AC40C4AF5DD28EE4C03FCE"><enum>(d)</enum><header>Qualified tax
credit bond</header><text>For purposes of this section—</text>
<paragraph commented="no" id="HFE7E7E14146548F4A806904D00CA4E23"><enum>(1)</enum><header>Qualified tax
credit bond</header><text>The term <term>qualified tax credit bond</term> means
a new clean renewable energy bond which is part of an issue that meets the
requirements of paragraphs (2), (3), (4), (5), and (6).</text>
</paragraph><paragraph display-inline="no-display-inline" id="H3DDB5D8EC30E4264AEA984A245998970"><enum>(2)</enum><header>Special rules
relating to expenditures</header>
<subparagraph id="HA3375E3E1CAC45959ED16E98BBEF3460"><enum>(A)</enum><header>In
general</header><text>An issue shall be treated as meeting the requirements of
this paragraph if, as of the date of issuance, the issuer reasonably
expects—</text>
<clause id="H72AFAB219CA8446995F1EB8F35318604"><enum>(i)</enum><text>100 percent or
more of the available project proceeds to be spent for 1 or more qualified
purposes within the 3-year period beginning on such date of issuance,
and</text>
</clause><clause id="H3F4AAC8B6AC24DD08E08EAE2CA533861"><enum>(ii)</enum><text>a
binding commitment with a third party to spend at least 10 percent of such
available project proceeds will be incurred within the 6-month period beginning
on such date of issuance.</text>
</clause></subparagraph><subparagraph id="HE4B7DC7F4D094F25AABE63FB25807720"><enum>(B)</enum><header>Failure to spend
required amount of bond proceeds within 3 years</header>
<clause id="H2618D48A72374DB28C2FB7AF752916C7"><enum>(i)</enum><header>In
general</header><text>To the extent that less than 100 percent of the available
project proceeds of the issue are expended by the close of the expenditure
period for 1 or more qualified purposes, the issuer shall redeem all of the
nonqualified bonds within 90 days after the end of such period. For purposes of
this paragraph, the amount of the nonqualified bonds required to be redeemed
shall be determined in the same manner as under section 142.</text>
</clause><clause id="H1852C34D79C24AB09D822B789BFAE9D4"><enum>(ii)</enum><header>Expenditure
period</header><text>For purposes of this subpart, the term <term>expenditure
period</term> means, with respect to any issue, the 3-year period beginning on
the date of issuance. Such term shall include any extension of such period
under clause (iii).</text>
</clause><clause id="H3D0EE522EC3C4D59A7BB75A996104484"><enum>(iii)</enum><header>Extension of
period</header><text>Upon submission of a request prior to the expiration of
the expenditure period (determined without regard to any extension under this
clause), the Secretary may extend such period if the issuer establishes that
the failure to expend the proceeds within the original expenditure period is
due to reasonable cause and the expenditures for qualified purposes will
continue to proceed with due diligence.</text>
</clause></subparagraph><subparagraph commented="no" id="H17800D399AFC4007BE799B5D63763E52"><enum>(C)</enum><header>Qualified
purpose</header><text>For purposes of this paragraph, the term <term>qualified
purpose</term> means a purpose specified in section 54B(a)(1).</text>
</subparagraph><subparagraph commented="no" id="H6DCA0E08F53A4686B43E20A563F410E2"><enum>(D)</enum><header>Reimbursement</header><text display-inline="yes-display-inline">For purposes of this subtitle, available
project proceeds of an issue shall be treated as spent for a qualified purpose
if such proceeds are used to reimburse the issuer for amounts paid for a
qualified purpose after the date that the Secretary makes an allocation of bond
limitation with respect to such issue, but only if—</text>
<clause commented="no" id="H3F6B76C14FDD445BA0E03B7C9F02A622"><enum>(i)</enum><text>prior to the
payment of the original expenditure, the issuer declared its intent to
reimburse such expenditure with the proceeds of a qualified tax credit
bond,</text>
</clause><clause commented="no" id="H5B002DB859084BF483C900D7828D23E9"><enum>(ii)</enum><text>not later than 60
days after payment of the original expenditure, the issuer adopts an official
intent to reimburse the original expenditure with such proceeds, and</text>
</clause><clause commented="no" id="H195AB527FE31437E92F3A4EB6EBE78A7"><enum>(iii)</enum><text>the
reimbursement is made not later than 18 months after the date the original
expenditure is paid.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H3E82DFD1BDC84D60B750C92479608B12"><enum>(3)</enum><header>Reporting</header><text display-inline="yes-display-inline">An issue shall be treated as meeting the
requirements of this paragraph if the issuer of qualified tax credit bonds
submits reports similar to the reports required under section 149(e).</text>
</paragraph><paragraph id="H8729EFBE36D6443DBA86D8ED2F1E498F"><enum>(4)</enum><header>Special rules
relating to arbitrage</header>
<subparagraph id="H80C42AB7BB074E2CA736F4A992F3D67C"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">An issue shall be
treated as meeting the requirements of this paragraph if the issuer satisfies
the requirements of section 148 with respect to the proceeds of the
issue.</text>
</subparagraph><subparagraph id="H23C92B09312E4042A5F7C8D555CC0589"><enum>(B)</enum><header>Special rule for
investments during expenditure period</header><text>An issue shall not be
treated as failing to meet the requirements of subparagraph (A) by reason of
any investment of available project proceeds during the expenditure
period.</text>
</subparagraph><subparagraph id="HA83C7653C5474E0396BC14947BC464E"><enum>(C)</enum><header>Special rule for
reserve funds</header><text>An issue shall not be treated as failing to meet
the requirements of subparagraph (A) by reason of any fund which is expected to
be used to repay such issue if—</text>
<clause id="HC144A13C725B440C946DED993FD19407"><enum>(i)</enum><text display-inline="yes-display-inline">such fund is funded at a rate not more
rapid than equal annual installments,</text>
</clause><clause id="H5319CBC4C5524C50BDCB81383F9E362B"><enum>(ii)</enum><text>such fund is
funded in a manner that such fund will not exceed the amount necessary to repay
the issue if invested at the maximum rate permitted under clause (iii),
and</text>
</clause><clause id="HF41D6BBF05E4466CA460E2F4C63700CA"><enum>(iii)</enum><text>the yield on
such fund is not greater than the discount rate determined under paragraph
(5)(B) with respect to the issue.</text>
</clause></subparagraph></paragraph><paragraph id="HEFA37CB27B6046D783A7CF57D05BD15D"><enum>(5)</enum><header>Maturity
limitation</header>
<subparagraph id="HD8BF5608115445F3BF8DA894569F0626"><enum>(A)</enum><header>In
general</header><text>An issue shall not be treated as meeting the requirements
of this paragraph if the maturity of any bond which is part of such issue
exceeds the maximum term determined by the Secretary under subparagraph
(B).</text>
</subparagraph><subparagraph id="H1619C6F6F367463CA3ECA5402B7983D9"><enum>(B)</enum><header>Maximum
term</header><text display-inline="yes-display-inline">During each calendar
month, the Secretary shall determine the maximum term permitted under this
paragraph for bonds issued during the following calendar month. Such maximum
term shall be the term which the Secretary estimates will result in the present
value of the obligation to repay the principal on the bond being equal to 50
percent of the face amount of such bond. Such present value shall be determined
using as a discount rate the average annual interest rate of tax-exempt
obligations having a term of 10 years or more which are issued during the
month. If the term as so determined is not a multiple of a whole year, such
term shall be rounded to the next highest whole year.</text>
</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="H7343D0DBAB3F4071BDC4FDA90059D235"><enum>(6)</enum><header>Prohibition on
financial conflicts of interest</header><text>An issue shall be treated as
meeting the requirements of this paragraph if the issuer certifies that—</text>
<subparagraph id="H97F7230710E74C8BB098E15EC6BF27DB"><enum>(A)</enum><text>applicable State
and local law requirements governing conflicts of interest are satisfied with
respect to such issue, and</text>
</subparagraph><subparagraph id="HD08BC38A3BC648DE8141D8181310700"><enum>(B)</enum><text>if the Secretary
prescribes additional conflicts of interest rules governing the appropriate
Members of Congress, Federal, State, and local officials, and their spouses,
such additional rules are satisfied with respect to such issue.</text>
</subparagraph></paragraph></subsection><subsection id="H12143DDF8FEC4507B7DE5E7B2C9E9865"><enum>(e)</enum><header>Other
definitions</header><text>For purposes of this subchapter—</text>
<paragraph id="H694AAAD25B564D04B58E430854C96B00"><enum>(1)</enum><header>Credit allowance
date</header><text>The term <term>credit allowance date</term> means—</text>
<subparagraph id="H68B8833272BD4D64B7A63DC66599F975"><enum>(A)</enum><text>March 15,</text>
</subparagraph><subparagraph id="H0EB9ABA6C87E4F6EAF8F6001FC37572"><enum>(B)</enum><text>June 15,</text>
</subparagraph><subparagraph id="HDB8749B601924475A2DE9905CA818D65"><enum>(C)</enum><text>September 15,
and</text>
</subparagraph><subparagraph id="H5F37600F51C94F109DBD00D0324BBA60"><enum>(D)</enum><text>December
15.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">Such term
includes the last day on which the bond is outstanding.</continuation-text></paragraph><paragraph id="HFF44EC9E37694B638F58A916F70127B3"><enum>(2)</enum><header>Bond</header><text>The
term <term>bond</term> includes any obligation.</text>
</paragraph><paragraph id="H441F91F47C6842CBBEC791D7504E955"><enum>(3)</enum><header>State</header><text>The
term <term>State</term> includes the District of Columbia and any possession of
the United States.</text>
</paragraph><paragraph id="HDF8264052A3640569842134442FDC900"><enum>(4)</enum><header>Available
project proceeds</header><text>The term <term>available project proceeds</term>
means—</text>
<subparagraph id="H5D4A1024D7A64B3DBFBAE000F833CB54"><enum>(A)</enum><text display-inline="yes-display-inline">the excess of—</text>
<clause id="HF015A6505D15436DBB54D7EBEC0467E5"><enum>(i)</enum><text>the proceeds from
the sale of an issue, over</text>
</clause><clause id="H8C46E1C439964B20A117B200DC7DF80"><enum>(ii)</enum><text>the issuance costs
financed by the issue (to the extent that such costs do not exceed 2 percent of
such proceeds), and</text>
</clause></subparagraph><subparagraph id="H3082DDE9A77B448AAB9C64ABFCECB8FA"><enum>(B)</enum><text>the proceeds from
any investment of the excess described in subparagraph (A).</text>
</subparagraph></paragraph></subsection><subsection id="HD6CBE25269654460AA65095D67FACF6C"><enum>(f)</enum><header>Credit treated
as interest</header><text>For purposes of this subtitle, the credit determined
under subsection (a) shall be treated as interest which is includible in gross
income.</text>
</subsection><subsection id="H83D6F4EE9EA24A888867C200AF9FC53"><enum>(g)</enum><header>S Corporations
and partnerships</header><text>In the case of a tax credit bond held by an S
corporation or partnership, the allocation of the credit allowed by this
section to the shareholders of such corporation or partners of such partnership
shall be treated as a distribution.</text>
</subsection><subsection id="HE64FCCC3092D4DE187E100E65563C457"><enum>(h)</enum><header>Bonds held by
regulated investment companies and real estate investment
trusts</header><text>If any qualified tax credit bond is held by a regulated
investment company or a real estate investment trust, the credit determined
under subsection (a) shall be allowed to shareholders of such company or
beneficiaries of such trust (and any gross income included under subsection (f)
with respect to such credit shall be treated as distributed to such
shareholders or beneficiaries) under procedures prescribed by the
Secretary.</text>
</subsection><subsection id="H455C16D1F7734DAEA9DF8075AE6FD5A0"><enum>(i)</enum><header>Credits may be
stripped</header><text>Under regulations prescribed by the Secretary—</text>
<paragraph id="HB9B31D3B6BB94618B180F144003412ED"><enum>(1)</enum><header>In
general</header><text>There may be a separation (including at issuance) of the
ownership of a qualified tax credit bond and the entitlement to the credit
under this section with respect to such bond. In case of any such separation,
the credit under this section shall be allowed to the person who on the credit
allowance date holds the instrument evidencing the entitlement to the credit
and not to the holder of the bond.</text>
</paragraph><paragraph id="H70F1124E1B0840779CB718002F55817E"><enum>(2)</enum><header>Certain rules to
apply</header><text>In the case of a separation described in paragraph (1), the
rules of section 1286 shall apply to the qualified tax credit bond as if it
were a stripped bond and to the credit under this section as if it were a
stripped coupon.</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="HB51771802800467B81BB298CDB37AA20" section-type="subsequent-section"><enum>54B.</enum><header>New clean renewable
energy bonds</header>
<subsection id="H784906960198485B9F195CC609DA9AF"><enum>(a)</enum><header>New clean
renewable energy bond</header><text>For purposes of this subpart, the term
<term>new clean renewable energy bond</term> means any bond issued as part of
an issue if—</text>
<paragraph id="H7A63B1969B6F4E299CE8C2BAAECEE3AB"><enum>(1)</enum><text>100 percent of the
available project proceeds of such issue are to be used for capital
expenditures incurred by public power providers or cooperative electric
companies for one or more qualified renewable energy facilities,</text>
</paragraph><paragraph id="H576EE61639134093BA4DAC009D184595"><enum>(2)</enum><text>the bond is issued
by a qualified issuer, and</text>
</paragraph><paragraph id="H258A742E20D545D5A04EA8F275EA987"><enum>(3)</enum><text>the issuer
designates such bond for purposes of this section.</text>
</paragraph></subsection><subsection id="H2B7846F623934C7F8DFFD599B5DEB331"><enum>(b)</enum><header>Reduced credit
amount</header><text>The annual credit determined under section 54A(b) with
respect to any new clean renewable energy bond shall be 70 percent of the
amount so determined without regard to this subsection.</text>
</subsection><subsection display-inline="no-display-inline" id="H9FBB3BD440BC4B9A00E9064CA571D677"><enum>(c)</enum><header>Limitation on
amount of bonds designated</header>
<paragraph id="H0987A6ECF8574FA28C8C25E1C6606D17"><enum>(1)</enum><header>In
general</header><text>The maximum aggregate face amount of bonds which may be
designated under subsection (a) by any issuer shall not exceed the limitation
amount allocated under this subsection to such issuer.</text>
</paragraph><paragraph id="H0110619BEBA241E0B167F1D86D877EE"><enum>(2)</enum><header>National
limitation on amount of bonds designated</header><text>There is a national new
clean renewable energy bond limitation of $2,000,000,000 which shall be
allocated by the Secretary as provided in paragraph (3), except that—</text>
<subparagraph id="H7359DA375CE242A784E74E4D5250C0F8"><enum>(A)</enum><text>not more than 60
percent thereof may be allocated to qualified projects of public power
providers, and</text>
</subparagraph><subparagraph id="H30A2B4153C4E4C95AFC732A265008DC8"><enum>(B)</enum><text>not more than 40
percent thereof may be allocated to qualified projects of cooperative electric
companies.</text>
</subparagraph></paragraph><paragraph id="H7658B0E678C44D9880E2FBE553AD8BEE"><enum>(3)</enum><header>Method of
allocation</header>
<subparagraph id="H186D8454D96543CB96A673779B3DA4B8"><enum>(A)</enum><header>Allocation among
public power providers</header><text>After the Secretary determines the
qualified projects of public power providers which are appropriate for
receiving an allocation of the national new clean renewable energy bond
limitation, the Secretary shall, to the maximum extent practicable, make
allocations among such projects in such manner that the amount allocated to
each such project bears the same ratio to the cost of such project as the
limitation under subparagraph (2)(A) bears to the cost of all such
projects.</text>
</subparagraph><subparagraph id="H3B87CF368B70423DAC59B84B9AC04E6"><enum>(B)</enum><header>Allocation among
cooperative electric companies</header><text>The Secretary shall make
allocations of the amount of the national new clean renewable energy bond
limitation described in paragraph (2)(B) among qualified projects of
cooperative electric companies in such manner as the Secretary determines
appropriate.</text>
</subparagraph></paragraph></subsection><subsection id="H95375B47989C4246A69D11BCF37146C7"><enum>(d)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="HAB3215F2F3FF4D8BB1812F289F5676B9"><enum>(1)</enum><header>Qualified
renewable energy facility</header><text>The term <term>qualified renewable
energy facility</term> means a qualified facility (as determined under section
45(d) without regard to paragraphs (8) and (10) thereof and to any placed in
service date) owned by a public power provider or a cooperative electric
company.</text>
</paragraph><paragraph id="H58DB56387ADF48FDBCDA656390F07695"><enum>(2)</enum><header>Public power
provider</header><text display-inline="yes-display-inline">The term
<term>public power provider</term> means a State utility with a service
obligation, as such terms are defined in section 217 of the Federal Power Act
(as in effect on the date of the enactment of this paragraph).</text>
</paragraph><paragraph id="H7E60782592AA43DC84C6A43FBD90B1D2"><enum>(3)</enum><header>Cooperative
electric company</header><text display-inline="yes-display-inline">The term
<term>cooperative electric company</term> means a mutual or cooperative
electric company described in section 501(c)(12) or section
1381(a)(2)(C).</text>
</paragraph><paragraph id="H22AB0C660EA745E09DBC901306E67D01"><enum>(4)</enum><header>Clean renewable
energy bond lender</header><text display-inline="yes-display-inline">The term
<term>clean renewable energy bond lender</term> means a lender which is a
cooperative which is owned by, or has outstanding loans to, 100 or more
cooperative electric companies and is in existence on February 1, 2002, and
shall include any affiliated entity which is controlled by such lender.</text>
</paragraph><paragraph id="HFB97C840E68C4E6DB800005BFF36006C"><enum>(5)</enum><header>Qualified
issuer</header><text display-inline="yes-display-inline">The term
<term>qualified issuer</term> means a public power provider, a cooperative
electric company, a clean renewable energy bond lender, or a not-for-profit
electric utility which has received a loan or loan guarantee under the Rural
Electrification
Act.</text>
</paragraph></subsection></section></subpart><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H5497DC43C2E541A392CD1227AE45AAD1"><enum>(b)</enum><header>Reporting</header><text>Subsection
(d) of section 6049 of such Code (relating to returns regarding payments of
interest) is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H997B5B5EDD4D4466A2F023AA23EDBA47" style="OLC">
<paragraph id="H54DCD8168C774BAD9BECC42DAAB3D026"><enum>(9)</enum><header>Reporting of
credit on qualified tax credit bonds</header>
<subparagraph id="HA8372DCDE3E9417B9BF8FF7F202F2EFF"><enum>(A)</enum><header>In
general</header><text>For purposes of subsection (a), the term
<term>interest</term> includes amounts includible in gross income under section
54A and such amounts shall be treated as paid on the credit allowance date (as
defined in section 54A(e)(1)).</text>
</subparagraph><subparagraph id="HF3E3878BCFFF4D9D94DE9D2CF17C1D80"><enum>(B)</enum><header>Reporting to
corporations, etc</header><text>Except as otherwise provided in regulations, in
the case of any interest described in subparagraph (A) of this paragraph,
subsection (b)(4) of this section shall be applied without regard to
subparagraphs (A), (H), (I), (J), (K), and (L)(i).</text>
</subparagraph><subparagraph id="HBFE678977EF34EA9916864365E7EA8ED"><enum>(C)</enum><header>Regulatory
authority</header><text>The Secretary may prescribe such regulations as are
necessary or appropriate to carry out the purposes of this paragraph, including
regulations which require more frequent or more detailed
reporting.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HC5ED33AB3BE64D9A00C77BC9904ECF99"><enum>(c)</enum><header>Conforming
amendments</header>
<paragraph id="HB8650907C3CA47258B28D724524829FE"><enum>(1)</enum><text>Sections 54(c)(2)
and 1400N(l)(3)(B) of such Code are each amended by striking <quote>subpart
C</quote> and inserting <quote>subparts C and I</quote>.</text>
</paragraph><paragraph id="H2067EDFBB32942F190807182CD8D20C4"><enum>(2)</enum><text>Section
1397E(c)(2) of such Code is amended by striking <quote>subpart H</quote> and
inserting <quote>subparts H and I</quote>.</text>
</paragraph><paragraph id="H0B14D5E165174CB2B5D1826705EEE00"><enum>(3)</enum><text>Section 6401(b)(1)
of such Code is amended by striking <quote>and H</quote> and inserting
<quote>H, and I</quote>.</text>
</paragraph><paragraph id="H00C7189C1DFB426F81CB5418FA3500D5"><enum>(4)</enum><text>The heading of
subpart H of part IV of subchapter A of chapter 1 of such Code is amended by
striking <quote><header-in-text level="subpart" style="OLC">certain
bonds</header-in-text></quote> and inserting <quote><header-in-text level="subpart" style="OLC">clean renewable energy
bonds</header-in-text></quote>.</text>
</paragraph><paragraph id="HFD8564FD648E43819F43953C90D14572"><enum>(5)</enum><text>The table of
subparts for part IV of subchapter A of chapter 1 of such Code is amended by
striking the item relating to subpart H and inserting the following new
items:</text>
<quoted-block id="H7F5D2E7B88504DF290E4AE1E1538563B" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="subchapter">Subpart H. Nonrefundable credit to
holders of clean renewable energy bonds.</toc-entry>
<toc-entry level="subchapter">Subpart I. Qualified tax credit
bonds.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HA8074710CADE45858CEE6D711B5829DB"><enum>(d)</enum><header>Effective
dates</header><text>The amendments made by this section shall apply to
obligations issued after the date of the enactment of this Act.</text>
</subsection></section><section id="H257E2075F5144F03A7858652E65EAE54"><enum>119.</enum><header>Extension and
modification of credit for residential energy efficient property</header>
<subsection id="H55D87005698B445FB3431C1151273DA3"><enum>(a)</enum><header>Extension</header><text>Subsection
(g) of section 25D of the Internal Revenue Code of 1986 (relating to
termination) is amended by striking <quote>2008</quote> and inserting
<quote>2016</quote>.</text>
</subsection><subsection id="H3826536690BD48C18FD317DBD186BE0"><enum>(b)</enum><header>Solar Electric
Property</header><text>Paragraph (1) of section 25D(a) of such Code (relating
to allowance of credit) is amended by striking <quote>30 percent
of</quote>.</text>
</subsection><subsection id="HF380D5E24C01460000FC255CF05D15FB"><enum>(c)</enum><header>Modification of
Maximum Credit</header><text>Paragraph (1) of section 25D(b) of the Internal
Revenue Code of 1986 (relating to limitations) is amended to read as
follows:</text>
<quoted-block id="HFC346D55D84640278C757DA0400C9F4" style="OLC">
<paragraph id="H1B7DB2FA320F4BD4AF47A15C44742F2C"><enum>(1)</enum><header>Maximum
credit</header><text>The credit allowed under subsection (a) for any taxable
year shall not exceed—</text>
<subparagraph id="HF68B875E9CEB46349FED59B07128F837"><enum>(A)</enum><text>$1,500 with
respect to each half kilowatt of installed capacity of qualified solar electric
property for which qualified solar electric property expenditures are
made,</text>
</subparagraph><subparagraph id="H5AD32DC8C6AD4CE294D264FD1D2568DB"><enum>(B)</enum><text>$2,000 with
respect to any qualified solar water heating property expenditures, and</text>
</subparagraph><subparagraph id="HEC2555C3FF1A405FAF00E8A52F9EC37"><enum>(C)</enum><text>$500 with respect
to each half kilowatt of capacity of qualified fuel cell property (as defined
in section 48(c)(1)) for which qualified fuel cell property expenditures are
made.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HE7D61575673C4ED1BC21B9C3481FA170"><enum>(d)</enum><header>Definition of
Qualified Solar Water Heating Property Expenditure</header><text>Paragraph (1)
of section 25D(d) of such Code is amended by striking <quote>to heat water for
use in</quote> and inserting <quote>to heat or cool (or provide hot water for
use in)</quote>.</text>
</subsection><subsection id="HD4A68C68E80F4765B7DBFB78582E18AA"><enum>(e)</enum><header>Definition of
Qualified Photovoltaic Property Expenditure</header><text>Paragraph (2) of
section 25D(d) of such Code is amended by inserting <quote>, including advanced
energy storage systems installed as an integrated component of the
foregoing</quote> after <quote>taxpayer</quote>.</text>
</subsection><subsection id="H6802C37007D54D6388C9118C3941CB05"><enum>(f)</enum><header>Credit Allowed
Against Alternative Minimum Tax</header>
<paragraph id="H3831E99032FB496FA67B1021156539C5"><enum>(1)</enum><header>In
general</header><text>Section 25D(b) of the Internal Revenue Code of 1986 (as
amended by subsection (b)) is amended by adding at the end the following new
paragraph:</text>
<quoted-block id="H5E731AA935214DA098592106D3AD1F00" style="OLC">
<paragraph id="H7AC857C011294526A5F854993E4F5404"><enum>(3)</enum><header>Credit allowed
against alternative minimum tax</header><text>The credit allowed under
subsection (a) for the taxable year shall not exceed the excess of—</text>
<subparagraph id="H83733C9588844460A947E7E794577EC"><enum>(A)</enum><text>the sum of the
regular tax liability (as defined in section 26(b)) plus the tax imposed by
section 55, over</text>
</subparagraph><subparagraph id="H121771F122934427A7D1B32836B274F1"><enum>(B)</enum><text>the sum of the
credits allowable under subpart A of part IV of subchapter A (other than this
section) and section 27 for the taxable
year.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H612B211DB7E044E1BA4610CD2B6CD54"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="H969379C38BA64B7DBF60EA00B732A103"><enum>(A)</enum><text>Subsection (c) of
section 25D of such Code is amended to read as follows:</text>
<quoted-block id="H00F98462CA2546B4AD318D05A2B2DAA" style="OLC">
<subsection id="H817E94E151F4490DACE5742B00D9B82"><enum>(c)</enum><header>Carryforward of
Unused Credit</header><text>If the credit allowable under subsection (a) for
any taxable year exceeds the limitation imposed by subsection (b)(3) for such
taxable year, such excess shall be carried to the succeeding taxable year and
added to the credit allowable under subsection (a) for such succeeding taxable
year.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HB213E12B80F142CAAF493B9365C0ECD"><enum>(B)</enum><text>Section 23(b)(4)(B)
of such Code is amended by inserting <quote>and section 25D</quote> after
<quote>this section</quote>.</text>
</subparagraph><subparagraph id="HFDB83BE353B6458BB68610F859E2F337"><enum>(C)</enum><text>Section
24(b)(3)(B) of such Code is amended by striking <quote>sections 23 and
25B</quote> and inserting <quote>sections 23, 25B, and 25D</quote>.</text>
</subparagraph><subparagraph id="HE86BC037280C425AAE79479F7024C9AB"><enum>(D)</enum><text>Section 26(a)(1)
of such Code is amended by striking <quote>and 25B</quote> and inserting
<quote>25B, and 25D</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="HD92965500558441AA7E756D001E04CC4"><enum>(g)</enum><header>Effective
Date</header><text>The amendments made by this section shall apply to
expenditures made in taxable years beginning after December 31, 2006.</text>
</subsection></section></subtitle><subtitle id="H7F5A7D8B60254CF6BF49C200B4AE3904"><enum>C</enum><header>Coal-to-liquid
fuel</header>
<section commented="no" display-inline="no-display-inline" id="H83B3BDE48BD4419BBD15FD3873A109BC" section-type="subsequent-section"><enum>121.</enum><header>Extension of
alternative fuel credit for fuel derived from coal</header>
<subsection commented="no" id="H28A94E1E9C4447BEBA537970F424DDF6"><enum>(a)</enum><header>Alternative fuel
credit</header><text display-inline="yes-display-inline">Paragraph (4) of
section 6426(d) of the Internal Revenue Code of 1986 is amended to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="HD21316FE6F0149EC9011506D60DA9213" style="OLC">
<paragraph commented="no" id="HAF93DDDE517E4D86A343DDDF55F7A7AA"><enum>(4)</enum><header>Termination</header><text>This
subsection shall not apply to—</text>
<subparagraph commented="no" id="H6F17C2FD04264A5785F3C2929297FD7E"><enum>(A)</enum><text>any sale or use
involving liquid fuel derived from a feedstock that is primarily domestic coal
(including peat) for any period after September 30, 2020,</text>
</subparagraph><subparagraph commented="no" id="HBAD46168E8674280AFA50173C252EE47"><enum>(B)</enum><text>any sale or use
involving liquified hydrogen for any period after September 30, 2014,
and</text>
</subparagraph><subparagraph commented="no" id="H87B3550901AC4141A11B326EBBF6BF4F"><enum>(C)</enum><text>any other sale or
use for any period after September 30,
2009.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" id="HD031BCAE0BBF41CFAFA3B728EFFBCDA"><enum>(b)</enum><header>Payments</header>
<paragraph commented="no" id="H120BE66F1E3A4570ACE72100EA5D00A1"><enum>(1)</enum><header>In
general</header><text>Paragraph (5) of section 6427(e) of the Internal Revenue
Code of 1986 is amended by striking <quote>and</quote> and the end of
subparagraph (C), by striking the period at the end of subparagraph (D) and
inserting <quote>, and</quote>, and by adding at the end the following new
subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H0AD91AB0656041AC85CBD479FEE1A4" style="OLC">
<subparagraph commented="no" id="H5106AAEC0B81412B867DC5EFFA097CC1"><enum>(E)</enum><text>any alternative
fuel or alternative fuel mixture (as so defined) involving transportation grade
liquid fuel derived from coal (including peat) sold or used after September 30,
2020.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="HABDDC0EA04B94808828C7993FFBA2EDF"><enum>(2)</enum><header>Conforming
amendment</header><text>Section 6427(e)(5)(C) of such Code is amended by
striking <quote>subparagraph (D)</quote> and inserting <quote>subparagraphs (D)
and (E)</quote>.</text>
</paragraph></subsection><subsection commented="no" id="H81A64239254C43929D003F0070D88202"><enum>(c)</enum><header>Conforming
amendment</header><text display-inline="yes-display-inline">Section
6426(d)(2)(E) of such Code is amended by inserting <quote>transportation
grade</quote> before <quote>liquid fuel</quote> and by striking <quote>through
the Fischer-Tropsch process</quote>.</text>
</subsection><subsection commented="no" id="HC42855C972154A06AFE56C70AD9658BA"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to any sale
or use for any period after the date of enactment of this Act.</text>
</subsection></section></subtitle><subtitle id="H669674C887004EA59642F59AE061713"><enum>D</enum><header>Energy
efficiency</header>
<section display-inline="no-display-inline" id="H1D01DC5D28A64BA587187DF046F25893" section-type="subsequent-section"><enum>131.</enum><header>Extension of new
energy efficient home credit</header>
<subsection id="HFBA0EA49CD7243EBB6ECA631A230C105"><enum>(a)</enum><header>In
general</header><text>Section 45L(g) of the Internal Revenue Code of 1986 is
amended by striking <quote>December 31, 2008</quote> and inserting
<quote>December 31, 2013</quote>.</text>
</subsection><subsection id="HEBFA564F82B548D5B7CCEC9531AADE35"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by this section shall apply to qualified
new energy efficient homes acquired after the date of enactment of this Act, in
taxable years ending after such date.</text>
</subsection></section><section display-inline="no-display-inline" id="H8C815200FC1649AAA9BE9ED7BE4C4E90" section-type="subsequent-section"><enum>132.</enum><header>Modification and
extension of energy efficient commercial buildings deduction</header>
<subsection id="HCE0BF49118BF4F71A849A0939C908DC"><enum>(a)</enum><header>Increase in
credit amount</header>
<paragraph id="HA5BA115CCDC84CAAA92874EE922E8B4"><enum>(1)</enum><header>In
general</header><text>Subparagraph (A) of section 179D(b)(1) of the Internal
Revenue Code of 1986 is amended by striking <quote>$1.80</quote> and inserting
<quote>$2.25</quote>.</text>
</paragraph><paragraph id="H887D0216A7DB4DD6A7ECFA49FCE95C4C"><enum>(2)</enum><header>Partial
allowance</header><text>Subparagraph (A) of section 179D(d)(1) of such Code is
amended—</text>
<subparagraph id="H6A4D113D1E0541CE957D9C96542663EE"><enum>(A)</enum><text>by striking
<quote>$.60</quote> and inserting <quote>$.75</quote>, and</text>
</subparagraph><subparagraph id="HF397B0E1CE1742AF971D311E71000021"><enum>(B)</enum><text>by striking
<quote>$1.80</quote> and inserting <quote>$2.25</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H66D2DF37310C4C6A9CB6F565D7619C48"><enum>(b)</enum><header>Extension</header><text>Section
179D(h) of such Code is amended by striking <quote>December 31, 2007</quote>
and inserting <quote>December 31, 2013</quote>.</text>
</subsection><subsection id="H4702E9FB16EE40F0B5A9B6BEE21B003F"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after December 31, 2006.</text>
</subsection></section></subtitle><subtitle id="H22728D7531B9420BA97162413F0896B0"><enum>E</enum><header>Alternative
vehicle fuels</header>
<section display-inline="no-display-inline" id="H1EC2903E304243C4B78854458F555FF0" section-type="subsequent-section"><enum>141.</enum><header>Consumer credit for
purchase of flexible fuel motor vehicle</header>
<subsection id="HF1732F2CEAAD46159FA0AF847EE21D61"><enum>(a)</enum><header>In
general</header><text>Section 30B of the Internal Revenue Code of 1986
(relating to alternative motor vehicle credit) is amended—</text>
<paragraph id="H3F45FBF17B104383AA1E6D61266BEF1C"><enum>(1)</enum><text>in subsection (a)
by striking <quote>and</quote> at the end of paragraph (3), by striking the
period and inserting <quote>, and</quote> at the end of paragraph (4), and by
adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HFE26FDA6883049FC8700077BA8805F55" style="OLC">
<paragraph id="H438D55B587534A56BB2F4534481950CF"><enum>(5)</enum><text>the qualified
flexible fuel motor vehicle credit determined under subsection
(f).</text>
</paragraph><after-quoted-block>,
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H4CB9940DEC9543A38DD994BB01B89279"><enum>(2)</enum><text>by redesignating
subsections (f), (g), (h), (i), and (j) as subsections (g), (h), (i), (j), and
(k), respectively, and by inserting after subsection (e) the following new
subsection:</text>
<quoted-block display-inline="no-display-inline" id="HDFD4A4EC9E8B4A27ABBF23E0B34D0436" style="OLC">
<subsection id="H99B752895FF14EEA96721562519E644F"><enum>(f)</enum><header>Qualified
flexible fuel motor vehicle credit</header>
<paragraph id="HF69B3326FA35475DB8206573528E92D7"><enum>(1)</enum><header>Allowance of
credit</header><text>For purposes of subsection (a), the qualified flexible
fuel motor vehicle credit determined under this subsection for the taxable year
is an amount equal to the sum of—</text>
<subparagraph display-inline="no-display-inline" id="HE4138BE3EDC14CAE9E01D510819C16EC"><enum>(A)</enum><text display-inline="yes-display-inline">$100 for each qualified flexible fuel motor
vehicle placed in service by the taxpayer during the taxable year that is not a
new qualified hybrid motor vehicle (as described in subsection (d)(3)),
plus</text>
</subparagraph><subparagraph id="H4AB797F247014261B88B5105E6B447C2"><enum>(B)</enum><text display-inline="yes-display-inline">$200 for each qualified flexible fuel motor
vehicle placed in service by the taxpayer during the taxable year that is a new
qualified hybrid motor vehicle (as described in subsection (d)(3)).</text>
</subparagraph></paragraph><paragraph id="H4B8EDC558516437BA56B57AEF89CE97E"><enum>(2)</enum><header>Qualified
flexible fuel motor vehicle</header><text display-inline="yes-display-inline">For purposes of this subsection—</text>
<subparagraph id="H65503DE4ACC74413A257B5CDAECCC02"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">The term
<term>qualified flexible fuel motor vehicle</term> means a vehicle capable of
operating on gasoline and on any mixture containing gasoline and up to 85
percent ethanol.</text>
</subparagraph><subparagraph id="H42339B97964A4DF0A309AEAE92392722"><enum>(B)</enum><header>Other
requirements</header><text>A vehicle meets the requirements of this paragraph
if—</text>
<clause id="HD41FA623533149799673A71501A171A3"><enum>(i)</enum><text>the original use
of the vehicle commences with the taxpayer,</text>
</clause><clause id="H9BF7C92E58914B7ABE6C392ED6BC0030"><enum>(ii)</enum><text>the vehicle is
acquired for use or lease by the taxpayer and not for resale, and</text>
</clause><clause id="H2B63E3FB20994AB7BF733B66D1E18FBA"><enum>(iii)</enum><text>the vehicle is
made by a manufacturer in the United
States.</text>
</clause></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HE95219668B3444CBA03025A9104B42F2"><enum>(b)</enum><header>Termination</header><text>Subsection
(k) of section 30B of such Code (as redesignated by subsection (a)) is amended
by striking <quote>and</quote> at the end of paragraph (3), by striking the
period and inserting <quote>, and</quote> at the end of paragraph (4), and by
adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HA33956DEFDFE4DB4BF52ADA85EB2F941" style="OLC">
<paragraph id="H14FDE55C947849DCBEF1EF4F573F85D1"><enum>(5)</enum><text>in the case of a
qualified flexible fuel motor vehicle (as described in subsection (f)(2)),
December 31,
2012.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HBD5B2E7106364DC4A8B563EA5F1FAECC"><enum>(c)</enum><header>Conforming
amendments</header>
<paragraph id="H2F6EA5F03D63488588B51BE4347B2266"><enum>(1)</enum><text>Paragraph (4) of
section 30B(i) of such Code (as redesignated by subsection (a)) is amended by
striking <quote>subsection (g)</quote> and inserting <quote>subsection
(h)</quote>.</text>
</paragraph><paragraph id="H01890E41AFBD439B00C69493FDA238D1"><enum>(2)</enum><text>Paragraph (6) of
section 30B(i) of such Code (as redesignated by subsection (a)) is amended by
striking <quote>subsection (g)</quote> each place it appears and inserting
<quote>subsection (h)</quote>.</text>
</paragraph><paragraph id="HC27D528AB60F4C8D00805DC9006ED804"><enum>(3)</enum><text>Paragraph (25) of
section 38(b) of such Code is amended by striking <quote>section
30B(g)(1)</quote> and inserting <quote>section 30B(h)(1)</quote>.</text>
</paragraph><paragraph id="H5FC7DD3F10114EE5AEE3F036E055CB9B"><enum>(4)</enum><text>Paragraph (3) of
section 55(c) of such Code is amended by striking <quote>30B(g)(2)</quote> and
inserting <quote>30B(h)(2)</quote>.</text>
</paragraph><paragraph id="H19A9D2E7D5414BA1BBDADDF6A35425FA"><enum>(5)</enum><text>Paragraph (36) of
section 1016(a) of such Code is amended by striking <quote>section
30B(h)(4)</quote> and inserting <quote>section 30B(i)(4)</quote>.</text>
</paragraph><paragraph id="HE3293BDCCDFA4494004975BDE8451219"><enum>(6)</enum><text>Subsection (m) of
section 6501 of such Code is amended by striking <quote>30B(h)(9)</quote> and
inserting <quote>30B(i)(9)</quote>.</text>
</paragraph></subsection><subsection id="H6624B656D41B4DADB8F500128F6F2CA"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to purchases
made after the date of the enactment of this Act, in taxable years ending after
such date.</text>
</subsection></section><section id="H0A210601E3A04359A9622DBC5673BDC"><enum>142.</enum><header>Repeal of
prohibition on procurement and acquisition of alternative fuels</header><text display-inline="no-display-inline">Section 526 of the Energy Independence and
Security Act of 2007 is hereby repealed.</text>
</section></subtitle><subtitle id="HEF495FF9724D495782457B1BE4D0FF03"><enum>F</enum><header>Biofuel
production</header>
<section display-inline="no-display-inline" id="H9B94682DBAAE40169016D3C06002A1A7" section-type="subsequent-section"><enum>151.</enum><header>Extension and
modification of credits for biodiesel and renewable diesel</header>
<subsection id="HF4F7BF3BF43F419CBB86F0D6A55BCCF3"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Sections 40A(g),
6426(c)(6), and 6427(e)(5)(B) of the Internal Revenue Code of 1986 are each
amended by striking <quote>December 31, 2008</quote> and inserting
<quote>December 31, 2010</quote>.</text>
</subsection><subsection id="H52DF3DA786C949939F36863C5D8404C3"><enum>(b)</enum><header>Uniform
treatment of diesel produced from biomass</header><text>Paragraph (3) of
section 40A(f) of such Code is amended by striking <quote>using a thermal
depolymerization process</quote>.</text>
</subsection><subsection id="HF15E7E4251754CCBB6056FEBABB6AAEE"><enum>(c)</enum><header>Eligibility of
Certain Aviation Fuel</header><text display-inline="yes-display-inline">Section
40A(f)(3) of such Code (defining renewable diesel) is amended by adding at the
end the following new flush sentence: <quote>The term <quote>renewable
diesel</quote> also means fuel derived from biomass (as defined in section
45K(c)(3)) using a thermal depolymerization process which meets the
requirements of a Department of Defense specification for military jet fuel or
an American Society of Testing and Materials specification for aviation turbine
fuel.</quote>.</text>
</subsection><subsection id="HEA5F6BED9E3D44388148D871036BF2"><enum>(d)</enum><header>Effective
date</header>
<paragraph id="H1DFE2824344341378FD3BF93269673AB"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Except as provided in
paragraph (2), the amendments made by this section shall apply to fuel
produced, and sold or used, after the date of the enactment of this Act.</text>
</paragraph><paragraph id="H073E6478E46A4D48839411EF5F50718C"><enum>(2)</enum><header>Uniform
treatment of diesel produced from biomass</header><text>The amendments made by
subsection (b) shall apply to fuel produced, and sold or used, after the date
which is 30 days after the date of the enactment of this Act.</text>
</paragraph></subsection></section></subtitle><subtitle commented="no" id="HD34BA032F3124876BEB95D375BF09FCA"><enum>G</enum><header>Oil and gas
provisions</header>
<section commented="no" id="H4EB4E95BD022426FA74BA5D923A6D100"><enum>161.</enum><header>Expensing for
crude oil refineries</header>
<subsection commented="no" id="HA8348E2ED11E459FB8FBB836F400D109"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subsection (c) of
section 179C of the Internal Revenue Code of 1986 (relating to election to
expense certain refineries) is amended by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H1E139C577AB14E108C36553776AC7996" style="OLC">
<paragraph commented="no" id="H10F33628972F4A32B8ABDC4BF9E3FED3"><enum>(4)</enum><header>Extension to
certain facilities</header><text display-inline="yes-display-inline">The term
<term>qualified refinery property</term> shall also mean any refinery or
portion of a refinery—</text>
<subparagraph commented="no" id="H6E87DAC6B22B46429C5F7C5CB0E1C2E"><enum>(A)</enum><text>the original use of
which commences with the taxpayer,</text>
</subparagraph><subparagraph commented="no" id="HE596F2A454554DE3B6B0168B2EEF58E0"><enum>(B)</enum><text>the construction
of which—</text>
<clause commented="no" id="HFFA6E50851774B5887BDD713B091D152"><enum>(i)</enum><text>except as provided
in clause (ii), is subject to a binding construction contract entered into
after December 31, 2008, and before January 1, 2015, but only if there was no
written binding construction contract entered into before January 1, 2009,
or</text>
</clause><clause commented="no" id="H63A55E9141DB4057ABFF583700A396D2"><enum>(ii)</enum><text>in the case of
self-constructed property, began after December 31, 2008, and</text>
</clause></subparagraph><subparagraph commented="no" id="HAE4F05092A6F4B8B801389E1305E9600"><enum>(C)</enum><text>which is placed in
service by the taxpayer after the date of the enactment of this paragraph and
before January 1,
2020.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section commented="no" id="H3317634BBB204DAFB3D58926368D43ED"><enum>162.</enum><header>Extension of
suspension of taxable income limit on percentage depletion for oil and natural
gas produced from marginal properties</header>
<subsection commented="no" id="H97E754CECCE842BA9CFCC96DEB00AAFE"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subparagraph (H) of
section 613A(c)(6) is amended by striking <quote>January 1, 2008</quote> and
inserting <quote>January 1, 2012</quote>.</text>
</subsection><subsection commented="no" id="H5011A544CFE3438A93BEFA7260885F96"><enum>(b)</enum><header>Effective
date</header><text>The amendments made by subsection (a) shall apply to taxable
years beginning after December 31, 2007.</text>
</subsection></section><section commented="no" id="HE340548A5A454D3295E7A17E343DFE50"><enum>163.</enum><header>Increase in
depletion rate for marginal oil or gas production</header>
<subsection commented="no" id="HC2C2F8B89C014380B0007D5BA4285111"><enum>(a)</enum><header>Base
rate</header><text display-inline="yes-display-inline">Clause (i) of section
613A(c)(6)(C) of the Internal Revenue Code of 1986 is amended by striking
<quote>15 percent</quote> and inserting <quote>20 percent</quote>.</text>
</subsection><subsection id="HF6CCEE54EA094845894D9EC0C3435859"><enum>(b)</enum><header>Maximum
rate</header><text display-inline="yes-display-inline">Section 613A(c)(6)(C) of
such Code is amended by striking <quote>25 percent</quote> and inserting
<quote>30 percent</quote>.</text>
</subsection><subsection id="HC73F4F889A9242CF916CD0610051C116"><enum>(c)</enum><header>Reference
price</header><text>Section 613A(c)(6)(C)(ii) of such Code is amended by
striking <quote>$20</quote> and inserting <quote>$40</quote>.</text>
</subsection><subsection id="HDA1A89AD1307435DBCFA8858B8AA0080"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2007.</text>
</subsection></section><section id="H3DBFAD2F4B2F48E18764C4C80135BB65"><enum>164.</enum><header>Suspension of
taxable income limitation on percentage depletion</header>
<subsection id="HCA29C175EBDA489394B7FD5ED655F626"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The first sentence of
paragraph (1) of section 613A(d) of the Internal Revenue Code of 1986 (relating
to limitation based on taxable income) is amended by striking <quote>The
deduction</quote> and inserting <quote>In the case of taxable years beginning
before January 1, 2008, or after December 31, 2011, the
deduction</quote>.</text>
</subsection><subsection id="HA5AA9AEC627C4FE5A4EC0317D05BE474"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by subsection (a) shall apply to taxable
years beginning after December 31, 2007.</text>
</subsection></section><section id="HB7F5AA0F892A4D778193AF3076FD3F15" section-type="subsequent-section"><enum>165.</enum><header>Study on fair and
transparent fuel pricing</header>
<subsection id="HFE4923F1F14841FAABF1F48D447FD999"><enum>(a)</enum><header>Study</header><text display-inline="yes-display-inline">The Federal Trade Commission shall conduct
a study to determine—</text>
<paragraph id="HFCD32AAF57A7410D805291CE33867C79"><enum>(1)</enum><text>the effects on
competitive gasoline pricing of State guaranteed profit laws, also known as
<quote>minimum mark-up</quote> or <quote>below cost sales</quote> statutes;
and</text>
</paragraph><paragraph id="HF4D8F1201DB6423C8E78AD3CA5C480BA"><enum>(2)</enum><text>the effect of
credit card processing fees on gasoline costs to consumers.</text>
</paragraph></subsection><subsection id="H93033E81CDDA491CBEC4FE07E3A30086"><enum>(b)</enum><header>Report</header><text>Not
later than 1 year after the date of enactment of this Act, the Federal Trade
Commission shall transmit to Congress a report on the findings of the study
conducted pursuant to subsection (a) and shall publish such report on the
Commission’s Internet website.</text>
</subsection></section></subtitle><subtitle id="HC87ED80E8799439C8F9BB429D7E0707"><enum>H</enum><header>Carbon capture and
sequestration</header>
<section display-inline="no-display-inline" id="HEB2D27B2CD7C4904945B4EF516542DA4"><enum>171.</enum><header>Expansion and
modification of advanced coal project investment credit</header>
<subsection id="H4BE069E301954828B85504D416C8136B"><enum>(a)</enum><header>Modification of
credit amount</header><text>Section 48A(a) (relating to qualifying advanced
coal project credit) is amended by striking <quote>and</quote> at the end of
paragraph (1), by striking the period at the end of paragraph (2) and inserting
<quote>, and</quote>, and by adding at the end the following the
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H3DAD09DC80754E348D127F5E0070F5E8" style="OLC">
<paragraph id="HF0A0C63010AD409293E16C217E01283B"><enum>(3)</enum><text>30 percent of the
qualified investment for such taxable year in the case of projects described in
clauses (iii) or (iv) of subsection
(d)(3)(B).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H9F19F146FD5448B7AD117C4FF2C6B1A5"><enum>(b)</enum><header>Expansion of
aggregate credits</header><text>Section 48A(d)(3)(A) (relating to aggregate
credits) is amended by striking <quote>$1,300,000,000</quote> and inserting
<quote>$1,500,000,000</quote>.</text>
</subsection><subsection id="H287B9AB520A247B600E4A8D8FAE4832"><enum>(c)</enum><header>Authorization of
Additional Projects</header>
<paragraph id="H4C8C27DAE9264208B0B9C68D2C012C11"><enum>(1)</enum><header>In
general</header><text>Subparagraph (B) of section 48A(d)(3) (relating to
aggregate credits) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H546491F6069840F5AB9880A1FF73DBD7" style="OLC">
<subparagraph id="H9C186E5347B9453795F7D7A08B84A070"><enum>(B)</enum><header>Particular
projects</header><text>Of the dollar amount in subparagraph (A), the Secretary
is authorized to certify—</text>
<clause id="H917B0D98ACCC4ED385CBB5635603CB6F"><enum>(i)</enum><text>$500,000,000 for
advanced coal electricity projects the application for which is submitted
during the period described in paragraph (2)(A)(i),</text>
</clause><clause id="H15BECBC4C08648B7B020C1A4447423A6"><enum>(ii)</enum><text>$500,000,000 for
coal gasification projects the application for which is submitted during the
period described in paragraph (2)(A)(i), and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H5FC9801579D741E89FC905C7C17E2F31"><enum>(iii)</enum><text display-inline="yes-display-inline">$500,000,000 for coal to liquid facilities
which can demonstrate that the facility would capture and sequester at least 65
percent of the facility’s carbon dioxide emissions, the application for which
is submitted during the period described in paragraph
(2)(A)(ii).</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="HB0506E90FD6241FE8FBC47008CA5C8EB"><enum>(2)</enum><header>Application
period for additional projects</header><text>Subparagraph (A) of section
48A(d)(2) (relating to certification) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HCEAE4A8AB2384F4A97C8BE6E334E617D" style="OLC">
<subparagraph id="H8242F09A7FB841F9A3C7673C3FCBD9C"><enum>(A)</enum><header>Application
period</header><text>Each applicant for certification under this paragraph
shall submit an application meeting the requirements of subparagraph (B). An
applicant may only submit an application—</text>
<clause id="HA4F39135571B4D26A3E41FF7A9083EC9"><enum>(i)</enum><text>for an allocation
from the dollar amount specified in clause (i) or (ii) of paragraph (3)(A)
during the 3-year period beginning on the date the Secretary establishes the
program under paragraph (1), and</text>
</clause><clause id="H218D030E884343F2B48C44776BDB17A0"><enum>(ii)</enum><text>for an allocation
from the dollar amount specified in clause (iii) or (iv) of paragraph (3)(A)
during the 3-year period beginning at the earlier of the termination of the
period described in clause (i) or the date prescribed by the
Secretary.</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H34991547318044DF808712E9001B2BD2"><enum>(3)</enum><header>Capture and
sequestration of carbon dioxide emissions requirement</header>
<subparagraph id="H9BB2D83D4F9D449B967C3BF2FADF0200"><enum>(A)</enum><header>In
general</header><text>Section 48A(e)(1) (relating to requirements) is amended
by striking <quote>and</quote> at the end of subparagraph (E), by striking the
period at the end of subparagraph (F) and inserting <quote>; and</quote>, and
by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H8EFEF45D536D45968721CF816FF24453" style="OLC">
<subparagraph id="HFAB2EFB2E8814BDC903C3E61DCFD555"><enum>(G)</enum><text>in the case of any
project the application for which is submitted during the period described in
subsection (d)(2)(A)(ii), the project includes equipment which separates and
sequesters at least 65 percent (70 percent in the case of an application for
reallocated credits under subsection (d)(4)) of such project's total carbon
dioxide
emissions.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="H7C5AAE20894B439683E785956C9F6308"><enum>(B)</enum><header>Highest priority
for projects which sequester carbon dioxide emissions</header><text>Section
48A(e)(3) is amended by striking <quote>and</quote> at the end of subparagraph
(A)(iii), by striking the period at the end of subparagraph (B)(3) and
inserting <quote>, and</quote>, and by adding at the end the following new
subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="HD2848B7C8899433AA6A0E63B2C0058D6" style="OLC">
<subparagraph id="HBC3A359B263448D59C6B2FE0565E7E86"><enum>(C)</enum><text>give highest
priority to projects with the greatest separation and sequestration percentage
of total carbon dioxide
emissions.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="HEC0A1B5D45614EA0956220001422D567"><enum>(C)</enum><header>Recapture of
credit for failure to sequester</header><text>Section 48A (relating to
qualifying advanced coal project credit) is amended by adding at the end the
following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H56BBE53D725D4D868B10249C9B79BE3E" style="OLC">
<subsection id="H8193E559F547445A00A3521E32D47F8E"><enum>(h)</enum><header>Recapture of
credit for failure to sequester</header><text>The Secretary shall provide for
recapturing the benefit of any credit allowable under subsection (a) with
respect to any project which fails to attain or maintain the separation and
sequestration requirements of subsection
(e)(1)(G).</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H67D5372A16E4404A8C347E002BD3AF92"><enum>(4)</enum><header>Additional
priority for research partnerships</header><text>Section 48A(e)(3)(B), as
amended by paragraph (3)(B), is amended—</text>
<subparagraph id="H9360FDD0529249A0970043E11BF0767"><enum>(A)</enum><text>by striking
<quote>and</quote> at the end of clause (ii),</text>
</subparagraph><subparagraph id="H74927F2BD89A43BF8320004149BDFA54"><enum>(B)</enum><text>by redesignating
clause (iii) as clause (iv), and</text>
</subparagraph><subparagraph id="H95AC2FD219934CDCA99100D32CA7551F"><enum>(C)</enum><text>by inserting after
clause (ii) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="H05ADEDE80E6B41B8B800787208AEE486" style="OLC">
<clause id="H4DFFC8D39DA147D483BAAA9933D996C0"><enum>(iii)</enum><text>applicant
participants who have a research partnership with an eligible educational
institution (as defined in section 529(e)(5)),
and</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H5E423EAAB0064B238497D85500001C48"><enum>(5)</enum><header>Clerical
amendment</header><text>Section 48A(e)(3) is amended by striking
<quote><header-in-text level="paragraph" style="OLC">integrated gasification
combined cycle</header-in-text></quote> in the heading and inserting
<quote><header-in-text level="paragraph" style="OLC">certain</header-in-text></quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H9E1CFC437C744870A7AB886F27C18B53"><enum>(d)</enum><header display-inline="yes-display-inline">Competitive certification awards
modification authority</header><text>Section 48A (relating to qualifying
advanced coal project credit), as amended by subsection (c)(3), is amended by
adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H74050650F70F45D792F5CC7D6097AE5D" style="OLC">
<subsection id="H257FCA920119424CB13DF7609C196EFE"><enum>(i)</enum><header>Competitive
certification awards modification authority</header><text>In implementing this
section or section 48B, the Secretary is directed to modify the terms of any
competitive certification award and any associated closing agreement where such
modification—</text>
<paragraph id="H3870341A7EE444449ECA736C7FA7CA21"><enum>(1)</enum><text>is consistent with
the objectives of such section,</text>
</paragraph><paragraph id="HA19E14A2AC1C4A42B655CFE7F7795D9B"><enum>(2)</enum><text>is requested by
the recipient of the competitive certification award, and</text>
</paragraph><paragraph id="H604B97E4462D47A593942529FE732E1C"><enum>(3)</enum><text>involves moving
the project site to improve the potential to capture and sequester carbon
dioxide emissions, reduce costs of transporting feedstock, and serve a broader
customer base,</text>
</paragraph><continuation-text continuation-text-level="subsection">unless
the Secretary determines that the dollar amount of tax credits available to the
taxpayer under such section would increase as a result of the modification or
such modification would result in such project not being originally certified.
In considering any such modification, the Secretary shall consult with other
relevant Federal agencies, including the Department of
Energy.</continuation-text></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HA8D9F64112F6469F89F633E000003C57"><enum>(e)</enum><header>Effective
dates</header>
<paragraph commented="no" display-inline="no-display-inline" id="H15133CB1B122420CB4DE00CEDA201DBF"><enum>(1)</enum><header>In
general</header><text>Except as otherwise provided in this subsection, the
amendments made by this section shall apply to credits the application for
which is submitted during the period described in section 48A(d)(2)(A)(ii) of
the Internal Revenue Code of 1986 and which are allocated or reallocated after
the date of the enactment of this Act.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H54B2233D1A39477FB700A9265C67F67"><enum>(2)</enum><header display-inline="yes-display-inline">Competitive certification awards
modification authority</header><text display-inline="yes-display-inline">The
amendment made by subsection (d) shall take effect on the date of the enactment
of this Act and is applicable to all competitive certification awards entered
into under section 48A or 48B of the Internal Revenue Code of 1986, whether
such awards were issued before, on, or after such date of enactment.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HA3667BA17AB5461DA4B8BC59F637537D"><enum>(3)</enum><header>Technical
amendment</header><text>The amendment made by subsection (c)(5) shall take
effect as if included in the amendment made by section 1307(b) of the Energy
Tax Incentives Act of 2005.</text>
</paragraph></subsection></section></subtitle><enum>II</enum><header>American-Made
Energy Trust Fund</header>
<section id="H9B8898CCAA334C5E8E04F3BE892994E9"><enum>201.</enum><header>Establishment
of American-Made Energy Trust Fund</header>
<subsection id="H19CB5B1D5D6A40C6AE9E9CB3F9A8C319"><enum>(a)</enum><header>Creation of
trust fund</header><text>Subchapter A of chapter 98 of the Internal Revenue
Code of 1986 is amended by inserting at the end the following new
section:</text>
<quoted-block id="HACDDEA21E7804B0E8E3EA98A1649633" style="OLC">
<section id="HE7F9C6B8FBB744F1A6C3F9E381C5FC8"><enum>9511.</enum><header>American-Made
Energy Trust Fund</header>
<subsection id="HB2587B721CEE40289163C0C083B2253E"><enum>(a)</enum><header>Establishment of
Trust Fund</header><text>There is established in the Treasury of the United
States a trust fund to be known as the <quote>American-Made Energy Trust
Fund</quote>, consisting of such amounts as may be appropriated or credited to
the American-Made Energy Trust Fund as provided in this section or section
9602(b).</text>
</subsection><subsection id="H8459E889CB3D44CDB35E7DAE1801A48C"><enum>(b)</enum><header>Transfers to
Trust Fund</header><text display-inline="yes-display-inline">There are hereby
appropriated to the American-Made Energy Trust Fund amounts required to be
transferred under section 308 of the <short-title>American-Made Energy Act of 2008</short-title> and under
section 8(g)(6) of the Outer Continental Shelf Lands Act (as added by section
703 of the <short-title>American-Made Energy Act of
2008</short-title>).</text>
</subsection><subsection id="H4134EFB1601E416D8CC3443594D07215"><enum>(c)</enum><header>Expenditures
from American-Made Energy Trust Fund</header><text display-inline="yes-display-inline">As provided by appropriation Acts, amounts
in the American-Made Energy Trust Fund shall be available in any year for
transfer to the general fund of the Treasury to offset any reduction in revenue
to the United States that the Secretary estimates results from the amendments
made by the <short-title>American-Made Energy Act of
2008</short-title>.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H7BEE67A5F0E44DB8A5250000414D19B3"><enum>(b)</enum><header>Clerical
amendment</header><text>The table of sections for subchapter A of chapter 98 of
such Code is amended by inserting at the end the following new item:</text>
<quoted-block display-inline="no-display-inline" id="H5E642AA877104DB484C7D8A28BC785B" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="section">Sec. 9511. American-Made Energy Trust
Fund.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HA0982BE6C04D4B3F86E598490900A283"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply after the
date of the enactment of this Act.</text>
</subsection></section><enum>III</enum><header>Development of
oil and gas resources of the Coastal Plain of Alaska</header>
<section id="H0A529C661A2A42BEA9130061000069A2"><enum>301.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="H8A68AE79330E4FCD84FC72AC96EF563E"><enum>(1)</enum><header>Coastal
Plain</header><text>The term <term>Coastal Plain</term> means that area
described in appendix I to part 37 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="H2F835A2E99954AAE8137751313DECEC4"><enum>(2)</enum><header>Secretary</header><text>The
term <term>Secretary</term>, except as otherwise provided, means the Secretary
of the Interior or the Secretary’s designee.</text>
</paragraph></section><section id="HEF2722488BE242A4AC00D4C7EFCBB97B"><enum>302.</enum><header>Leasing program
for lands within the Coastal Plain</header>
<subsection id="H4ACEBB63C2A84B898B18EEFD0006C0E4"><enum>(a)</enum><header>In
general</header><text>The Secretary shall take such actions as are
necessary—</text>
<paragraph id="H22CEC1773B8D4B8BAB16FBEDC5ECC0AB"><enum>(1)</enum><text>to establish and
implement, in accordance with this title and acting through the Director of the
Bureau of Land Management in consultation with the Director of the United
States Fish and Wildlife Service, a competitive oil and gas leasing program
that will result in an environmentally sound program for the exploration,
development, and production of the oil and gas resources of the Coastal Plain;
and</text>
</paragraph><paragraph id="H52D391A5E2C545F49F42929DA0A3CFBF"><enum>(2)</enum><text>to administer the
provisions of this title through regulations, lease terms, conditions,
restrictions, prohibitions, stipulations, and other provisions that ensure the
oil and gas exploration, development, and production activities on the Coastal
Plain will result in no significant adverse effect on fish and wildlife, their
habitat, subsistence resources, and the environment, including, in furtherance
of this goal, by requiring the application of the best commercially available
technology for oil and gas exploration, development, and production to all
exploration, development, and production operations under this title in a
manner that ensures the receipt of fair market value by the public for the
mineral resources to be leased.</text>
</paragraph><continuation-text continuation-text-level="subsection">The
Secretary shall not commence leasing under the program described in paragraph
(1) unless a finding has been made that bonus bids for offered leases are
estimated to be not less than $6,000,000,000.</continuation-text></subsection><subsection id="H82EDFB2816FC4E1EA56E009322741008"><enum>(b)</enum><header>Repeal</header>
<paragraph id="H636FF4084E504A9DB37FE3B88795AB9D"><enum>(1)</enum><header>Repeal</header><text>Section
1003 of the Alaska National Interest Lands Conservation Act of 1980 (16 U.S.C.
3143) is repealed.</text>
</paragraph><paragraph id="HE14FA194A3C9438DB0AA00541785F969"><enum>(2)</enum><header>Conforming
amendment</header><text>The table of contents in section 1 of such Act is
amended by striking the item relating to section 1003.</text>
</paragraph></subsection><subsection id="H36013FFC8DB441469E38B4BB08B5D83"><enum>(c)</enum><header>Compliance with
requirements under certain other laws</header>
<paragraph id="H7216CC6BF0EE42ACAC47442C52E39BB7"><enum>(1)</enum><header>Compatibility</header><text>For
purposes of the National Wildlife Refuge System Administration Act of 1966 (16
U.S.C. 668dd et seq.), the oil and gas leasing program and activities
authorized by this section in the Coastal Plain are deemed to be compatible
with the purposes for which the Arctic National Wildlife Refuge was
established, and no further findings or decisions are required to implement
this determination.</text>
</paragraph><paragraph id="HACD842D756DF412B86CF00073E684B16"><enum>(2)</enum><header>Adequacy of the
Department of the Interior’s legislative environmental impact
statement</header><text>The <quote>Final Legislative Environmental Impact
Statement</quote> (April 1987) on the Coastal Plain prepared pursuant to
section 1002 of the Alaska National Interest Lands Conservation Act of 1980 (16
U.S.C. 3142) and section 102(2)(C) of the National Environmental Policy Act of
1969 (42 U.S.C. 4332(2)(C)) is deemed to satisfy the requirements under the
National Environmental Policy Act of 1969 that apply with respect to prelease
activities, including actions authorized to be taken by the Secretary to
develop and promulgate the regulations for the establishment of a leasing
program authorized by this title before the conduct of the first lease
sale.</text>
</paragraph><paragraph id="H41E96404A68742D7823478AC2E111E88"><enum>(3)</enum><header>Compliance with
NEPA for other actions</header><text>Before conducting the first lease sale
under this title, the Secretary shall prepare an environmental impact statement
under the National Environmental Policy Act of 1969 with respect to the actions
authorized by this title that are not referred to in paragraph (2).
Notwithstanding any other law, the Secretary is not required to identify
nonleasing alternative courses of action or to analyze the environmental
effects of such courses of action. The Secretary shall only identify a
preferred action for such leasing and a single leasing alternative, and analyze
the environmental effects and potential mitigation measures for those two
alternatives. The identification of the preferred action and related analysis
for the first lease sale under this title shall be completed within 18 months
after the date of enactment of this title. The Secretary shall only consider
public comments that specifically address the Secretary’s preferred action and
that are filed within 20 days after publication of an environmental analysis.
Notwithstanding any other law, compliance with this paragraph is deemed to
satisfy all requirements for the analysis and consideration of the
environmental effects of proposed leasing under this title.</text>
</paragraph></subsection><subsection id="HA440C254E9094476A0B8850732E8194"><enum>(d)</enum><header>Relationship to
State and local authority</header><text>Nothing in this title shall be
considered to expand or limit State and local regulatory authority.</text>
</subsection><subsection id="H841283FC462143638700E833A74E52C3"><enum>(e)</enum><header>Special
areas</header>
<paragraph id="H2F5D05E7D00847CF8EB9A3D4835CB7F9"><enum>(1)</enum><header>In
general</header><text>The Secretary, after consultation with the State of
Alaska, the city of Kaktovik, and the North Slope Borough, may designate up to
a total of 45,000 acres of the Coastal Plain as a Special Area if the Secretary
determines that the Special Area is of such unique character and interest so as
to require special management and regulatory protection. The Secretary shall
designate as such a Special Area the Sadlerochit Spring area, comprising
approximately 4,000 acres.</text>
</paragraph><paragraph id="H08D0457989154E0096B54BC3CEE6D0D9"><enum>(2)</enum><header>Management</header><text>Each
such Special Area shall be managed so as to protect and preserve the area’s
unique and diverse character including its fish, wildlife, and subsistence
resource values.</text>
</paragraph><paragraph id="H018EF05D44014EEEB55F3E199000F26B"><enum>(3)</enum><header>Exclusion from
leasing or surface occupancy</header><text>The Secretary may exclude any
Special Area from leasing. If the Secretary leases a Special Area, or any part
thereof, for purposes of oil and gas exploration, development, production, and
related activities, there shall be no surface occupancy of the lands comprising
the Special Area.</text>
</paragraph><paragraph id="H7FC7B664492546A5A9577089E00E9BA"><enum>(4)</enum><header>Directional
drilling</header><text>Notwithstanding the other provisions of this subsection,
the Secretary may lease all or a portion of a Special Area under terms that
permit the use of horizontal drilling technology from sites on leases located
outside the Special Area.</text>
</paragraph></subsection><subsection id="H2886238B67FD4A36801F9936845CE2BC"><enum>(f)</enum><header>Limitation on
closed areas</header><text>The Secretary’s sole authority to close lands within
the Coastal Plain to oil and gas leasing and to exploration, development, and
production is that set forth in this title.</text>
</subsection><subsection id="H651DE9B0EA2649D0A41B92248601D5B5"><enum>(g)</enum><header>Regulations</header>
<paragraph id="HB9C91985FAF44D52ACDAB7D1DB7BFC10"><enum>(1)</enum><header>In
general</header><text>The Secretary shall prescribe such regulations as may be
necessary to carry out this title, including rules and regulations relating to
protection of the fish and wildlife, their habitat, subsistence resources, and
environment of the Coastal Plain, by no later than 15 months after the date of
enactment of this title.</text>
</paragraph><paragraph id="H0C9C6EBC18CB471A9B1500645261E32F"><enum>(2)</enum><header>Revision of
regulations</header><text>The Secretary shall periodically review and, if
appropriate, revise the rules and regulations issued under subsection (a) to
reflect any significant biological, environmental, or engineering data that
come to the Secretary’s attention.</text>
</paragraph></subsection></section><section id="HD1C7E089C0A74643BE6D24ADA6331816"><enum>303.</enum><header>Lease
sales</header>
<subsection id="HB5D2AEE6B8E64ACE9800349292FB461E"><enum>(a)</enum><header>In
general</header><text>Lands may be leased pursuant to this title to any person
qualified to obtain a lease for deposits of oil and gas under the Mineral
Leasing Act (30 U.S.C. 181 et seq.).</text>
</subsection><subsection id="HF44AC0A304094B04B87848B678992682"><enum>(b)</enum><header>Procedures</header><text>The
Secretary shall, by regulation, establish procedures for—</text>
<paragraph id="HFC84B940C78D46CE00E67EF14DBC1F07"><enum>(1)</enum><text>receipt and
consideration of sealed nominations for any area in the Coastal Plain for
inclusion in, or exclusion (as provided in subsection (c)) from, a lease
sale;</text>
</paragraph><paragraph id="H8E18C1BD594B40E6A10018A33C9BA621"><enum>(2)</enum><text>the holding of
lease sales after such nomination process; and</text>
</paragraph><paragraph id="H5B3568A1E6884A2BAD2BE453CC6710D"><enum>(3)</enum><text>public notice of
and comment on designation of areas to be included in, or excluded from, a
lease sale.</text>
</paragraph></subsection><subsection id="HD3A715401AA6419DB348DA84578316C7"><enum>(c)</enum><header>Lease sale
bids</header><text>Bidding for leases under this title shall be by sealed
competitive cash bonus bids.</text>
</subsection><subsection id="H09AE1F5B795C442ABD04302FB563D7F9"><enum>(d)</enum><header>Acreage minimum
in first sale</header><text>In the first lease sale under this title, the
Secretary shall offer for lease those tracts the Secretary considers to have
the greatest potential for the discovery of hydrocarbons, taking into
consideration nominations received pursuant to subsection (b)(1), but in no
case less than 200,000 acres.</text>
</subsection><subsection id="HD4A830D7FFB04FC7B0F047304D9B74A2"><enum>(e)</enum><header>Timing of lease
sales</header><text>The Secretary shall—</text>
<paragraph id="HB09E3BD5699E420E9939D6655D874CCB"><enum>(1)</enum><text>conduct the first
lease sale under this title within 22 months after the date of the enactment of
this title; and</text>
</paragraph><paragraph id="HCB7B120AFAF246C9BE99EBBF37567500"><enum>(2)</enum><text>conduct additional
sales so long as sufficient interest in development exists to warrant, in the
Secretary’s judgment, the conduct of such sales.</text>
</paragraph></subsection></section><section id="H0B37199696D24C5BA7B176653B22111D"><enum>304.</enum><header>Grant of leases
by the Secretary</header>
<subsection id="H158823072586420E99EC611E90C7F7CA"><enum>(a)</enum><header>In
general</header><text>The Secretary may grant to the highest responsible
qualified bidder in a lease sale conducted pursuant to section 303 any lands to
be leased on the Coastal Plain upon payment by the lessee of such bonus as may
be accepted by the Secretary.</text>
</subsection><subsection id="HACCDF226D5B4426384008BBEED009877"><enum>(b)</enum><header>Subsequent
transfers</header><text>No lease issued under this title may be sold,
exchanged, assigned, sublet, or otherwise transferred except with the approval
of the Secretary. Prior to any such approval the Secretary shall consult with,
and give due consideration to the views of, the Attorney General.</text>
</subsection></section><section id="HE9A6FE775402435681813293F77D1E44"><enum>305.</enum><header>Lease terms and
conditions</header>
<subsection id="HC8BB255EA6B0441CBB009BA3EA005FA5"><enum>(a)</enum><header>In
general</header><text>An oil or gas lease issued pursuant to this title
shall—</text>
<paragraph id="H659F9710299549F79E9069486033085D"><enum>(1)</enum><text>provide for the
payment of a royalty of not less than 12½ percent in amount or value of the
production removed or sold from the lease, as determined by the Secretary under
the regulations applicable to other Federal oil and gas leases;</text>
</paragraph><paragraph id="H0AFD7DB6F5CA4F05972D41EC146C29A1"><enum>(2)</enum><text>provide that the
Secretary may close, on a seasonal basis, portions of the Coastal Plain to
exploratory drilling activities as necessary to protect caribou calving areas
and other species of fish and wildlife;</text>
</paragraph><paragraph id="H7413B8F924E24898B953E39092B34DB0"><enum>(3)</enum><text>require that the
lessee of lands within the Coastal Plain shall be fully responsible and liable
for the reclamation of lands within the Coastal Plain and any other Federal
lands that are adversely affected in connection with exploration, development,
production, or transportation activities conducted under the lease and within
the Coastal Plain by the lessee or by any of the subcontractors or agents of
the lessee;</text>
</paragraph><paragraph id="H1D482A3F5D4946FE9D22507849B12304"><enum>(4)</enum><text>provide that the
lessee may not delegate or convey, by contract or otherwise, the reclamation
responsibility and liability to another person without the express written
approval of the Secretary;</text>
</paragraph><paragraph id="HD551651E231A41FDAFACF84CB5C3200"><enum>(5)</enum><text>provide that the
standard of reclamation for lands required to be reclaimed under this title
shall be, as nearly as practicable, a condition capable of supporting the uses
which the lands were capable of supporting prior to any exploration,
development, or production activities, or upon application by the lessee, to a
higher or better use as approved by the Secretary;</text>
</paragraph><paragraph id="H1409BF32D68742D58EBF6701ACFD5DDF"><enum>(6)</enum><text>contain terms and
conditions relating to protection of fish and wildlife, their habitat,
subsistence resources, and the environment as required pursuant to section
302(a)(2);</text>
</paragraph><paragraph id="HA9440622028849AC888BF032C39E4769"><enum>(7)</enum><text>provide that the
lessee, its agents, and its contractors use best efforts to provide a fair
share, as determined by the level of obligation previously agreed to in the
1974 agreement implementing section 29 of the Federal Agreement and Grant of
Right of Way for the Operation of the Trans-Alaska Pipeline, of employment and
contracting for Alaska Natives and Alaska Native Corporations from throughout
the State; and</text>
</paragraph><paragraph id="HFF802C95D0A5497694309312DBBA763C"><enum>(8)</enum><text>contain such other
provisions as the Secretary determines necessary to ensure compliance with the
provisions of this title and the regulations issued under this title.</text>
</paragraph></subsection><subsection id="HE8DA2F40AF7644B3BB4B35C1E47B4969"><enum>(b)</enum><header>Project labor
agreements</header><text>The Secretary, as a term and condition of each lease
under this title and in recognizing the Government’s proprietary interest in
labor stability and in the ability of construction labor and management to meet
the particular needs and conditions of projects to be developed under the
leases issued pursuant to this title and the special concerns of the parties to
such leases, shall require that the lessee and its agents and contractors
negotiate to obtain a project labor agreement for the employment of laborers
and mechanics on production, maintenance, and construction under the
lease.</text>
</subsection></section><section id="H008E66416E074FD492962F53D213ACB0"><enum>306.</enum><header>Coastal plain
environmental protection</header>
<subsection id="H76FE1EA8255E4CD4A77EDB00D23C00A6"><enum>(a)</enum><header>No significant
adverse effect standard To govern authorized Coastal Plain
activities</header><text>The Secretary shall, consistent with the requirements
of section 302, administer the provisions of this title through regulations,
lease terms, conditions, restrictions, prohibitions, stipulations, and other
provisions that—</text>
<paragraph id="H7BAEB9819E674298B8684572CBE872C2"><enum>(1)</enum><text>ensure the oil and
gas exploration, development, and production activities on the Coastal Plain
will result in no significant adverse effect on fish and wildlife, their
habitat, and the environment;</text>
</paragraph><paragraph id="H553FFC7D7B5E45F7A659BF87177B7B65"><enum>(2)</enum><text>require the
application of the best commercially available technology for oil and gas
exploration, development, and production on all new exploration, development,
and production operations; and</text>
</paragraph><paragraph id="H777CE5323F1044A8B63E179FEEB668AC"><enum>(3)</enum><text>ensure that the
maximum amount of surface acreage covered by production and support facilities,
including airstrips and any areas covered by gravel berms or piers for support
of pipelines, does not exceed 2,000 acres on the Coastal Plain.</text>
</paragraph></subsection><subsection id="H36AD5A1D329142CD92FAA7194038E82"><enum>(b)</enum><header>Site-specific
assessment and mitigation</header><text>The Secretary shall also require, with
respect to any proposed drilling and related activities, that—</text>
<paragraph id="H05AF5A202B2B45E998BF09AEC814EC45"><enum>(1)</enum><text>a
site-specific analysis be made of the probable effects, if any, that the
drilling or related activities will have on fish and wildlife, their habitat,
subsistence resources, and the environment;</text>
</paragraph><paragraph id="H5843C4B600CB464CA7B16D2B56B51C9E"><enum>(2)</enum><text>a
plan be implemented to avoid, minimize, and mitigate (in that order and to the
extent practicable) any significant adverse effect identified under paragraph
(1); and</text>
</paragraph><paragraph id="HEA30747BE0314F739B00CCB55978C151"><enum>(3)</enum><text>the development of
the plan shall occur after consultation with the agency or agencies having
jurisdiction over matters mitigated by the plan.</text>
</paragraph></subsection><subsection id="H6BFCF579CC6D4BBCBE2F0000B43285AC"><enum>(c)</enum><header>Regulations to
protect coastal plain fish and wildlife resources, subsistence users, and the
environment</header><text>Before implementing the leasing program authorized by
this title, the Secretary shall prepare and promulgate regulations, lease
terms, conditions, restrictions, prohibitions, stipulations, and other measures
designed to ensure that the activities undertaken on the Coastal Plain under
this title are conducted in a manner consistent with the purposes and
environmental requirements of this title.</text>
</subsection><subsection id="H527D578D1FAB44A685FC8D644D6FE897"><enum>(d)</enum><header>Compliance with
Federal and State environmental laws and other requirements</header><text>The
proposed regulations, lease terms, conditions, restrictions, prohibitions, and
stipulations for the leasing program under this title shall require compliance
with all applicable provisions of Federal and State environmental law, and
shall also require the following:</text>
<paragraph id="HA87A30375E4C44D98C6BE03188D5ADB"><enum>(1)</enum><text>Standards at least
as effective as the safety and environmental mitigation measures set forth in
items 1 through 29 at pages 167 through 169 of the <quote>Final Legislative
Environmental Impact Statement</quote> (April 1987) on the Coastal
Plain.</text>
</paragraph><paragraph id="HCCE0264437394DD0B224E05E21F23EF8"><enum>(2)</enum><text>Seasonal
limitations on exploration, development, and related activities, where
necessary, to avoid significant adverse effects during periods of concentrated
fish and wildlife breeding, denning, nesting, spawning, and migration.</text>
</paragraph><paragraph id="H3CAFAD012F02459FBF8DFD8C5BC6A1F7"><enum>(3)</enum><text>That exploration
activities, except for surface geological studies, be limited to the period
between approximately November 1 and May 1 each year and that exploration
activities shall be supported, if necessary, by ice roads, winter trails with
adequate snow cover, ice pads, ice airstrips, and air transport methods, except
that such exploration activities may occur at other times if the Secretary
finds that such exploration will have no significant adverse effect on the fish
and wildlife, their habitat, and the environment of the Coastal Plain.</text>
</paragraph><paragraph id="H5DC79BEED79243B1B0050482F4D63DC7"><enum>(4)</enum><text>Design safety and
construction standards for all pipelines and any access and service roads,
that—</text>
<subparagraph id="H3BDD2B310D9F44FEBAC4C94BC4E95FB"><enum>(A)</enum><text>minimize, to the
maximum extent possible, adverse effects upon the passage of migratory species
such as caribou; and</text>
</subparagraph><subparagraph id="HEC5E6F98B20E4E18B51F089B51405103"><enum>(B)</enum><text>minimize adverse
effects upon the flow of surface water by requiring the use of culverts,
bridges, and other structural devices.</text>
</subparagraph></paragraph><paragraph id="HEA5364EA41C94FF7A45854CFEDCB73F4"><enum>(5)</enum><text>Prohibitions on
general public access and use on all pipeline access and service roads.</text>
</paragraph><paragraph id="H19EDB61B8ADA4F6E9493FCF8C1DE3BCA"><enum>(6)</enum><text>Stringent
reclamation and rehabilitation requirements, consistent with the standards set
forth in this title, requiring the removal from the Coastal Plain of all oil
and gas development and production facilities, structures, and equipment upon
completion of oil and gas production operations, except that the Secretary may
exempt from the requirements of this paragraph those facilities, structures, or
equipment that the Secretary determines would assist in the management of the
Arctic National Wildlife Refuge and that are donated to the United States for
that purpose.</text>
</paragraph><paragraph id="H2D934F36F38F4E8F9631D50579BC60ED"><enum>(7)</enum><text>Appropriate
prohibitions or restrictions on access by all modes of transportation.</text>
</paragraph><paragraph id="H7484B3228CED479BB00023AE4299D001"><enum>(8)</enum><text>Appropriate
prohibitions or restrictions on sand and gravel extraction.</text>
</paragraph><paragraph id="H861927DECC17484387B0A02100F1E5C9"><enum>(9)</enum><text>Consolidation of
facility siting.</text>
</paragraph><paragraph id="H5746822C34794B6FB5AA4323A901CE29"><enum>(10)</enum><text>Appropriate
prohibitions or restrictions on use of explosives.</text>
</paragraph><paragraph id="HAD8DCD2E2FE2489D87EECFEA71F392F5"><enum>(11)</enum><text>Avoidance, to the
extent practicable, of springs, streams, and river system; the protection of
natural surface drainage patterns, wetlands, and riparian habitats; and the
regulation of methods or techniques for developing or transporting adequate
supplies of water for exploratory drilling.</text>
</paragraph><paragraph id="HFB4A14FE4D3D4C3895AE88192875C434"><enum>(12)</enum><text>Avoidance or
minimization of air traffic-related disturbance to fish and wildlife.</text>
</paragraph><paragraph id="HA7E7B1437FFA4C3FAF6C82C531819B5"><enum>(13)</enum><text>Treatment and
disposal of hazardous and toxic wastes, solid wastes, reserve pit fluids,
drilling muds and cuttings, and domestic wastewater, including an annual waste
management report, a hazardous materials tracking system, and a prohibition on
chlorinated solvents, in accordance with applicable Federal and State
environmental law.</text>
</paragraph><paragraph id="H50CB7577BAAF43939EDE41774E90D47F"><enum>(14)</enum><text>Fuel storage and
oil spill contingency planning.</text>
</paragraph><paragraph id="HC2CB1616189E42A78C81FF20168EAE69"><enum>(15)</enum><text>Research,
monitoring, and reporting requirements.</text>
</paragraph><paragraph id="HF546DA37A885430C8F04AC0091E5BAA"><enum>(16)</enum><text>Field crew
environmental briefings.</text>
</paragraph><paragraph id="H3D6E4D19912D49B6A48DAADCA2C100C3"><enum>(17)</enum><text>Avoidance of
significant adverse effects upon subsistence hunting, fishing, and trapping by
subsistence users.</text>
</paragraph><paragraph id="HFB61EE17ACD24FEB903701FEE45500A3"><enum>(18)</enum><text>Compliance with
applicable air and water quality standards.</text>
</paragraph><paragraph id="H31F918B7622E4251A09CAEA9E6689958"><enum>(19)</enum><text>Appropriate
seasonal and safety zone designations around well sites, within which
subsistence hunting and trapping shall be limited.</text>
</paragraph><paragraph id="H4E255D3E2FA448D78C1368D17F4E332B"><enum>(20)</enum><text>Reasonable
stipulations for protection of cultural and archeological resources.</text>
</paragraph><paragraph id="HD8676224A12D4456981E856E9B7E6E59"><enum>(21)</enum><text>All other
protective environmental stipulations, restrictions, terms, and conditions
deemed necessary by the Secretary.</text>
</paragraph></subsection><subsection id="H0CB8A4E5D15F4222881E00F3436650B"><enum>(e)</enum><header>Considerations</header><text>In
preparing and promulgating regulations, lease terms, conditions, restrictions,
prohibitions, and stipulations under this section, the Secretary shall consider
the following:</text>
<paragraph id="H27597ECF73E443DF8EABECE2924BB1C0"><enum>(1)</enum><text>The stipulations
and conditions that govern the National Petroleum Reserve-Alaska leasing
program, as set forth in the 1999 Northeast National Petroleum Reserve-Alaska
Final Integrated Activity Plan/Environmental Impact Statement.</text>
</paragraph><paragraph id="HE03F965C644B424E96E0B2EFBD66D045"><enum>(2)</enum><text>The environmental
protection standards that governed the initial Coastal Plain seismic
exploration program under parts 37.31 to 37.33 of title 50, Code of Federal
Regulations.</text>
</paragraph><paragraph id="HF0C574B159B847D48BFD4BD488EFA00"><enum>(3)</enum><text>The land use
stipulations for exploratory drilling on the KIC–ASRC private lands that are
set forth in Appendix 2 of the August 9, 1983, agreement between Arctic Slope
Regional Corporation and the United States.</text>
</paragraph></subsection><subsection id="HD0483D4AFC0D453E91E7D8156D6F11D1"><enum>(f)</enum><header>Facility
consolidation planning</header>
<paragraph id="H9D61F692C668488CA122A556DBCCFCDD"><enum>(1)</enum><header>In
general</header><text>The Secretary shall, after providing for public notice
and comment, prepare and update periodically a plan to govern, guide, and
direct the siting and construction of facilities for the exploration,
development, production, and transportation of Coastal Plain oil and gas
resources.</text>
</paragraph><paragraph id="HE73D792B8E314A508F68999CF9F971D0"><enum>(2)</enum><header>Objectives</header><text>The
plan shall have the following objectives:</text>
<subparagraph id="HB9C63B41D0404AA2AA8BCB9CEE05F77E"><enum>(A)</enum><text>Avoiding
unnecessary duplication of facilities and activities.</text>
</subparagraph><subparagraph id="H162FBB9E845442A2B891728E1E44DAFC"><enum>(B)</enum><text>Encouraging
consolidation of common facilities and activities.</text>
</subparagraph><subparagraph id="H05A3D33635A14FD7B3F6BF81DA3BBC3B"><enum>(C)</enum><text>Locating or
confining facilities and activities to areas that will minimize impact on fish
and wildlife, their habitat, and the environment.</text>
</subparagraph><subparagraph id="HBDD2A5294B9C487286E6B735FD5C23EB"><enum>(D)</enum><text>Utilizing existing
facilities wherever practicable.</text>
</subparagraph><subparagraph id="H2D9157D7C4FC4F8CBA36541923D02F4C"><enum>(E)</enum><text>Enhancing
compatibility between wildlife values and development activities.</text>
</subparagraph></paragraph></subsection><subsection id="H8F231A8A4F934DB8005981042E2D2B96"><enum>(g)</enum><header>Access to public
lands</header><text>The Secretary shall—</text>
<paragraph id="H796F60B7259E48ED9B4C12934E3EF6CC"><enum>(1)</enum><text>manage public
lands in the Coastal Plain subject to subsections (a) and (b) of section 811 of
the Alaska National Interest Lands Conservation Act (16 U.S.C. 3121);
and</text>
</paragraph><paragraph id="H4682D8F4DD5D40469701298739C11180"><enum>(2)</enum><text>ensure that local
residents shall have reasonable access to public lands in the Coastal Plain for
traditional uses.</text>
</paragraph></subsection></section><section id="H5C20DB2488FD4F5BA902C4F2C3C90069"><enum>307.</enum><header>Expedited
judicial review</header>
<subsection id="H8251836A2EEF4F9BAC89E300AEECA8C6"><enum>(a)</enum><header>Filing of
complaint</header>
<paragraph id="H654BA796B15E40F28DC082790084CBC0"><enum>(1)</enum><header>Deadline</header><text>Subject
to paragraph (2), any complaint seeking judicial review of any provision of
this title or any action of the Secretary under this title shall be
filed—</text>
<subparagraph id="HC8F42924D67045558E32C3F6945A300"><enum>(A)</enum><text>except as provided
in subparagraph (B), within the 90-day period beginning on the date of the
action being challenged; or</text>
</subparagraph><subparagraph id="HA72E3E9B0ACC48A7B8BE363923214BCC"><enum>(B)</enum><text>in the case of a
complaint based solely on grounds arising after such period, within 90 days
after the complainant knew or reasonably should have known of the grounds for
the complaint.</text>
</subparagraph></paragraph><paragraph id="H9249EFBB17FA4C628E87B942CF1A00"><enum>(2)</enum><header>Venue</header><text>Any
complaint seeking judicial review of any provision of this title or any action
of the Secretary under this title may be filed only in the United States Court
of Appeals for the District of Columbia.</text>
</paragraph><paragraph id="HB01DD1BB31B9402D85C854A06DDF9F71"><enum>(3)</enum><header>Limitation on
scope of certain review</header><text>Judicial review of a Secretarial decision
to conduct a lease sale under this title, including the environmental analysis
thereof, shall be limited to whether the Secretary has complied with the terms
of this title and shall be based upon the administrative record of that
decision. The Secretary’s identification of a preferred course of action to
enable leasing to proceed and the Secretary’s analysis of environmental effects
under this title shall be presumed to be correct unless shown otherwise by
clear and convincing evidence to the contrary.</text>
</paragraph></subsection><subsection id="HB50418F42B4645EC009FA7AA7B2E1628"><enum>(b)</enum><header>Limitation on
other review</header><text>Actions of the Secretary with respect to which
review could have been obtained under this section shall not be subject to
judicial review in any civil or criminal proceeding for enforcement.</text>
</subsection></section><section id="H28930C40C7254FEAAD4FBE24BCA7419"><enum>308.</enum><header>Federal and
State distribution of revenues</header>
<subsection id="H58F218F8367847F98E4E479F12CA592B"><enum>(a)</enum><header>In
general</header><text>Notwithstanding any other provision of law, of the amount
of adjusted bonus, rental, and royalty revenues from Federal oil and gas
leasing and operations authorized under this title—</text>
<paragraph id="H65F51A2570324A83BDC3328FED3E826D"><enum>(1)</enum><text>50 percent shall
be paid to the State of Alaska; and</text>
</paragraph><paragraph id="H74F05676BD3B43FFACE82B645722938D"><enum>(2)</enum><text>except as provided
in section 311(d), the balance shall be transferred to the American-Made Energy
Trust Fund.</text>
</paragraph></subsection><subsection id="H6AC677B4DE0D42C6A200F2F1B22BD5F5"><enum>(b)</enum><header>Payments to
Alaska</header><text>Payments to the State of Alaska under this section shall
be made semiannually.</text>
</subsection></section><section id="HF1F02076E3D74BF3ABB0A3B7AF884808"><enum>309.</enum><header>Rights-of-way
across the Coastal Plain</header>
<subsection id="H9F7E50F8CCE74BA284084164101E99DB"><enum>(a)</enum><header>In
general</header><text>The Secretary shall issue rights-of-way and easements
across the Coastal Plain for the transportation of oil and gas—</text>
<paragraph id="HBA48A5D082644CFC8796D9FE591D0024"><enum>(1)</enum><text>except as provided
in paragraph (2), under section 28 of the Mineral Leasing Act (30 U.S.C. 185),
without regard to title XI of the Alaska National Interest Lands Conservation
Act (30 U.S.C. 3161 et seq.); and</text>
</paragraph><paragraph id="HCD76AAE9D58A4C60890041CC69E1FF57"><enum>(2)</enum><text>under title XI of
the Alaska National Interest Lands Conservation Act (30 U.S.C. 3161 et seq.),
for access authorized by sections 1110 and 1111 of that Act (16 U.S.C. 3170 and
3171).</text>
</paragraph></subsection><subsection id="HF230942D80444FC2ACFFC7A861D1EF3"><enum>(b)</enum><header>Terms and
conditions</header><text>The Secretary shall include in any right-of-way or
easement issued under subsection (a) such terms and conditions as may be
necessary to ensure that transportation of oil and gas does not result in a
significant adverse effect on the fish and wildlife, subsistence resources,
their habitat, and the environment of the Coastal Plain, including requirements
that facilities be sited or designed so as to avoid unnecessary duplication of
roads and pipelines.</text>
</subsection><subsection id="H4E830D7B27D24C5C8ED75EE43965E173"><enum>(c)</enum><header>Regulations</header><text>The
Secretary shall include in regulations under section 302(g) provisions granting
rights-of-way and easements described in subsection (a) of this section.</text>
</subsection></section><section id="H55B0AC6CB5D44E3682C42D7F581C002B"><enum>310.</enum><header>Conveyance</header><text display-inline="no-display-inline">In order to maximize Federal revenues by
removing clouds on title to lands and clarifying land ownership patterns within
the Coastal Plain, the Secretary, notwithstanding the provisions of section
1302(h)(2) of the Alaska National Interest Lands Conservation Act (16 U.S.C.
3192(h)(2)), shall convey—</text>
<paragraph id="H7D3534E5F6934F87B6526349D820B502"><enum>(1)</enum><text>to the Kaktovik
Inupiat Corporation the surface estate of the lands described in paragraph 1 of
Public Land Order 6959, to the extent necessary to fulfill the Corporation’s
entitlement under sections 12 and 14 of the Alaska Native Claims Settlement Act
(43 U.S.C. 1611 and 1613) in accordance with the terms and conditions of the
Agreement between the Department of the Interior, the United States Fish and
Wildlife Service, the Bureau of Land Management, and the Kaktovik Inupiat
Corporation effective January 22, 1993; and</text>
</paragraph><paragraph id="H4522081D2AA54801A7B2E6557584ACD1"><enum>(2)</enum><text>to the Arctic
Slope Regional Corporation the remaining subsurface estate to which it is
entitled pursuant to the August 9, 1983, agreement between the Arctic Slope
Regional Corporation and the United States of America.</text>
</paragraph></section><section id="HD1C2B544AB6E43089C86F953847B8CEF"><enum>311.</enum><header>Local
government impact aid and community service assistance</header>
<subsection id="HBF725D2729D74D1088BA1D2511603DEA"><enum>(a)</enum><header>Financial
assistance authorized</header>
<paragraph id="H2D4A5DF8127140A5999B65546B7334E"><enum>(1)</enum><header>In
general</header><text>The Secretary may use amounts available from the Coastal
Plain Local Government Impact Aid Assistance Fund established by subsection (d)
to provide timely financial assistance to entities that are eligible under
paragraph (2) and that are directly impacted by the exploration for or
production of oil and gas on the Coastal Plain under this title.</text>
</paragraph><paragraph id="H0185797BBA2B46099F00AA1394BAE5CA"><enum>(2)</enum><header>Eligible
entities</header><text>The North Slope Borough, the City of Kaktovik, and any
other borough, municipal subdivision, village, or other community in the State
of Alaska that is directly impacted by exploration for, or the production of,
oil or gas on the Coastal Plain under this title, as determined by the
Secretary, shall be eligible for financial assistance under this
section.</text>
</paragraph></subsection><subsection id="H8DB2FA8D4B984F66B2EB5128F13083B"><enum>(b)</enum><header>Use of
assistance</header><text>Financial assistance under this section may be used
only for—</text>
<paragraph id="HDF8E094BA0FC40069B00C6640063BA9C"><enum>(1)</enum><text>planning for
mitigation of the potential effects of oil and gas exploration and development
on environmental, social, cultural, recreational, and subsistence
values;</text>
</paragraph><paragraph id="H1748D4E1FC2D4E9B85002D005FD0E8AB"><enum>(2)</enum><text>implementing
mitigation plans and maintaining mitigation projects;</text>
</paragraph><paragraph id="HBA278AE00EA9436982D0AF009B252CDD"><enum>(3)</enum><text>developing,
carrying out, and maintaining projects and programs that provide new or
expanded public facilities and services to address needs and problems
associated with such effects, including fire-fighting, police, water, waste
treatment, medivac, and medical services; and</text>
</paragraph><paragraph id="HEBB516BA2B7347BF99B52546A683CC74"><enum>(4)</enum><text>establishment of a
coordination office, by the north slope borough, in the city of kaktovik, which
shall—</text>
<subparagraph id="H5D96A6CEAAB34574A33F6EC261266AC"><enum>(A)</enum><text>coordinate with and
advise developers on local conditions, impact, and history of the areas
utilized for development; and</text>
</subparagraph><subparagraph id="H6FA98FADF4A24AA890CCD1E05FB149F6"><enum>(B)</enum><text>provide to the
Committee on Resources of the House of Representatives and the Committee on
Energy and Natural Resources of the Senate an annual report on the status of
coordination between developers and the communities affected by
development.</text>
</subparagraph></paragraph></subsection><subsection id="HAD07875B31BA47D7AA338953C1C24B97"><enum>(c)</enum><header>Application</header>
<paragraph id="HB8DBDB1C83FE478383D995C3B236ABF7"><enum>(1)</enum><header>In
general</header><text>Any community that is eligible for assistance under this
section may submit an application for such assistance to the Secretary, in such
form and under such procedures as the Secretary may prescribe by
regulation.</text>
</paragraph><paragraph id="H2075876EC549407B8B6F11BF54881441"><enum>(2)</enum><header>North Slope
Borough communities</header><text>A community located in the North Slope
Borough may apply for assistance under this section either directly to the
Secretary or through the North Slope Borough.</text>
</paragraph><paragraph id="H5A1150226B1240DF98AC6064874B88E5"><enum>(3)</enum><header>Application
assistance</header><text>The Secretary shall work closely with and assist the
North Slope Borough and other communities eligible for assistance under this
section in developing and submitting applications for assistance under this
section.</text>
</paragraph></subsection><subsection id="HEF6378830338450DA0605113FF859E00"><enum>(d)</enum><header>Establishment of
fund</header>
<paragraph id="H1091255FD2474EB59E0095A781202CAA"><enum>(1)</enum><header>In
general</header><text>There is established in the Treasury the Coastal Plain
Local Government Impact Aid Assistance Fund.</text>
</paragraph><paragraph id="H82D5A254867A43ADA4DD6134846E723E"><enum>(2)</enum><header>Use</header><text>Amounts
in the fund may be used only for providing financial assistance under this
section.</text>
</paragraph><paragraph id="H21BC869F809643F9BFB8A8A1C5A23A3"><enum>(3)</enum><header>Deposits</header><text>Subject
to paragraph (4), there shall be deposited into the fund amounts received by
the United States as revenues derived from rents, bonuses, and royalties from
Federal leases and lease sales authorized under this title.</text>
</paragraph><paragraph id="H28DB7B297BD44334AB44F73560B434C7"><enum>(4)</enum><header>Limitation on
deposits</header><text>The total amount in the fund may not exceed
$11,000,000.</text>
</paragraph><paragraph id="HC721C30AEE104E45B94BC54FFF6B9613"><enum>(5)</enum><header>Investment of
balances</header><text>The Secretary of the Treasury shall invest amounts in
the fund in interest bearing government securities.</text>
</paragraph></subsection><subsection id="HD2894776356742928ECD2D68FC5DB1AC"><enum>(e)</enum><header>Authorization of
appropriations</header><text>To provide financial assistance under this section
there is authorized to be appropriated to the Secretary from the Coastal Plain
Local Government Impact Aid Assistance Fund $5,000,000 for each fiscal
year.</text>
</subsection></section><enum>IV</enum><header>Coal-to-Liquid
Fuel Promotion</header>
<section commented="no" display-inline="no-display-inline" id="HC107CB9C6AD94E61A8674D1C1E69B4DB" section-type="subsequent-section"><enum>401.</enum><header>Strategic Petroleum
Reserve</header>
<subsection commented="no" display-inline="no-display-inline" id="H90B051E021C74503A477F000EF1F3BAF"><enum>(a)</enum><header>Development,
operation, and maintenance of Reserve</header><text display-inline="yes-display-inline">Section 159 of the Energy Policy and
Conservation Act (42 U.S.C. 6239) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HFA4E78948AAE4B2391B66B70ED426B23"><enum>(1)</enum><text display-inline="yes-display-inline">by redesignating subsections (f), (g), (j),
(k), and (l) as subsections (a), (b), (e), (f), and (g), respectively;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H4E44F8A85C344B60BCB349AAC1B48F31"><enum>(2)</enum><text display-inline="yes-display-inline">by inserting after subsection (b) (as
redesignated by paragraph (1)) the following:</text>
<quoted-block display-inline="no-display-inline" id="H878FA1701D434C5B878FCC745F929E45" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="H9B68A8503D7840F4AB005F7DA765BD76"><enum>(c)</enum><header>Study of
maintaining coal-to-liquid products in Reserve</header><text display-inline="yes-display-inline">Not later than 1 year after the date of
enactment of the <short-title>American-Made Energy Act of
2008</short-title>, the Secretary and the Secretary of Defense shall—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H5495D24975F7499A9334004EB51B6234"><enum>(1)</enum><text display-inline="yes-display-inline">conduct a study of the feasibility and
suitability of maintaining coal-to-liquid products in the Reserve; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H4738AAFDA6F044BABFEC6781343FD5E3"><enum>(2)</enum><text display-inline="yes-display-inline">submit to the Committee on Energy and
Natural Resources and the Committee on Armed Services of the Senate and the
Committee on Energy and Commerce and the Committee on Armed Services of the
House of Representatives a report describing the results of the study.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H3E278104DAB0439B9646B7F0DD3EBB07"><enum>(d)</enum><header>Construction of
storage facilities</header><text display-inline="yes-display-inline">As soon as
practicable after the date of enactment of the
<short-title>American-Made Energy Act of
2008</short-title>, the Secretary may construct 1 or more storage
facilities—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HF35B24212F9143C4B4B0D97F131F1ED6"><enum>(1)</enum><text display-inline="yes-display-inline">in the vicinity of pipeline infrastructure
and at least 1 military base; but</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H45F8181A5AF549539FC1A057F3E5FB98"><enum>(2)</enum><text display-inline="yes-display-inline">outside the boundaries of any State on the
coast of the Gulf of
Mexico.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H386345112F814F0C8464ED6787D90016"><enum>(b)</enum><header>Petroleum
products for storage in Reserve</header><text display-inline="yes-display-inline">Section 160 of the Energy Policy and
Conservation Act (42 U.S.C. 6240) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H759044894B0A45DCAF078E6F36B3094F"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="HE0421E27AA22468098D212CD3B2F91F"><enum>(A)</enum><text display-inline="yes-display-inline">in paragraph (1), by inserting a semicolon
at the end;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HDDBA9EBD465C4C728FB3DE663000D49D"><enum>(B)</enum><text display-inline="yes-display-inline">in paragraph (2), by striking
<quote>and</quote> at the end;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HE465D636903C44528B3D813429A500DF"><enum>(C)</enum><text display-inline="yes-display-inline">in paragraph (3), by striking the period at
the end and inserting <quote>; and</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HCBAF18DA450E443ABAF8B0C5721350A8"><enum>(D)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H8479C07A2B194F4689077674C4C997A3" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="HADEFE6CBC5AA45ABA8E3A3AAF3286A3"><enum>(4)</enum><text display-inline="yes-display-inline">coal-to-liquid fuel (as defined in section
404 of the <short-title>American-Made Energy Act of
2008</short-title>), as the Secretary determines to be appropriate, in a
quantity not to exceed 20 percent of the total quantity of petroleum products
in the
Reserve.</text>
</paragraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H8E86996B0CCB4524948016D8A437BFD"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (b), by redesignating
paragraphs (3) through (5) as paragraphs (2) through (4), respectively;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H278A73594C7043AEABDEBD4AC1D3300"><enum>(3)</enum><text display-inline="yes-display-inline">by redesignating subsections (f) and (h) as
subsections (d) and (e), respectively.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="H6D2DDFD94E4548098300F801E56B5500"><enum>(c)</enum><header>Conforming
amendments</header><text display-inline="yes-display-inline">Section 167 of the
Energy Policy and Conservation Act (42 U.S.C. 6247) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H4CBE4ED3B82A479CB231AF5D6E3DD6C9"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (b)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="HDC05F8CAD83D455F93E7E08250079EEC"><enum>(A)</enum><text display-inline="yes-display-inline">by redesignating paragraphs (2) and (3) as
paragraphs (1) and (2), respectively; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HB5B905A4A2F04CE48000E7B4AF0236F1"><enum>(B)</enum><text display-inline="yes-display-inline">in paragraph (2) (as redesignated by
subparagraph (A)), by striking <quote>section 160(f)</quote> and inserting
<quote>section 160(e)</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H412242535F4E4928A6C6003FDAB49B65"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (d), in the matter preceding
paragraph (1), by striking <quote>section 160(f)</quote> and inserting
<quote>section 160(e)</quote>.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="H02D4D0250A29446C9EAF44E6BCA15D" section-type="subsequent-section"><enum>402.</enum><header>Procurement of
unconventional fuels by the Department of Defense</header><text display-inline="no-display-inline">Section 2398a of title 10, United States
Code, is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HDE9B2FCEF56B48B39DF248758CD85B8"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (b)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H90AE093A432F49B500781EE02F4BCC1B"><enum>(A)</enum><text display-inline="yes-display-inline">by striking <quote>The Secretary</quote>
and inserting <quote>(1) The Secretary</quote>;</text>
</subparagraph><subparagraph commented="no" id="HFA9D6B21CE10406E8C334EBC17499945"><enum>(B)</enum><text>by inserting after
<quote>covered fuel</quote> the following: <quote>, biobased fuel, or
coal-to-liquid fuel</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H15ECA5B6A49A420CA1AAB4FB223F6950"><enum>(C)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H57F6A747CF7648F9A880B9E81B55B7AE" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="H02317DDA84484283B2CFE5EF8259DB8" indent="up1"><enum>(2)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H4128EB4435354B2EA16CB5099D00EE00"><enum>(A)</enum><text display-inline="yes-display-inline">The Secretary of Defense may enter into
contracts or other agreements with private companies or other entities to
develop and operate qualified coal-to-liquid facilities (as defined in section
404 of the <short-title>American-Made Energy Act of
2008</short-title>) on or near military installations.</text>
</subparagraph><subparagraph commented="no" id="H81826B79136441BAB691CBBCCC953DC5" indent="up1"><enum>(B)</enum><text>In entering into contracts and other
agreements under subparagraph (A), the Secretary shall consider land
availability, testing opportunities, and proximity to raw
materials.</text>
</subparagraph></paragraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H7EC7303771174F5B82C8EB115B74DDC0"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (d)—</text>
<subparagraph commented="no" id="HC72C3BBDB47B47D1979B58C300A7A166"><enum>(A)</enum><text>by inserting after
<quote>covered fuel</quote> the following: <quote>biobased fuel, or
coal-to-liquid fuel</quote>; and</text>
</subparagraph><subparagraph commented="no" id="H68BA6DAF1A964661BB196EA456183762"><enum>(B)</enum><text>by striking
<quote>1 or more years</quote> and inserting <quote>up to 25 years</quote>;
and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H0E83C72F29E541D98BC431D28399C914"><enum>(3)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H1B18F04264F849B79E6F404E74938111" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="H32D06570482E4A82B5E102EA1FFA222F"><enum>(f)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this section:</text>
<paragraph commented="no" id="HCDC3505E56AE4F56A21519A1C95518C5"><enum>(1)</enum><text>The term
<term>coal-to-liquid fuel</term> means a fuel produced from a coal-to-liquid
process or technology in a qualified coal-to-liquid facility (as defined in
section 404 of <short-title>American-Made Energy Act of
2008</short-title>.</text>
</paragraph><paragraph commented="no" id="H83CB939C7D2D4F7BBB2BA59D2EAF797E"><enum>(2)</enum><text>The term
<term>coal-to-liquid</term> means a proces within the meaning of section 404 of
the <short-title>American-Made Energy Act of
2008</short-title>.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="HE0FD133C17014956A3F1F38584AE8CF0" section-type="subsequent-section"><enum>403.</enum><header>Government auction
of long term put option contracts on coal-to-liquid fuel produced by qualified
coal-to-liquid facilities</header>
<subsection commented="no" id="HF134F96D36B1495993A7293CBC3453D1"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary shall,
from time to time, auction to the public coal-to-liquid fuel put option
contracts having expiration dates of 5 years, 10 years, 15 years, or 20
years.</text>
</subsection><subsection commented="no" id="H02B0C9727BBD440E8626A939D82B6DEE"><enum>(b)</enum><header>Consultation
with secretary of energy</header><text>The Secretary shall consult with the
Secretary of Energy regarding—</text>
<paragraph commented="no" id="H1D56C8EC015E4932925D11C3B6CBAF65"><enum>(1)</enum><text>the frequency of
the auctions;</text>
</paragraph><paragraph commented="no" id="H367A2E8C1FAA4E208CCB98A4191E5CB7"><enum>(2)</enum><text>the strike prices
specified in the contracts;</text>
</paragraph><paragraph commented="no" id="HB7D2BD4399E24DA8A0964DB4C900E0EC"><enum>(3)</enum><text>the number of
contracts to be auctioned with a given strike price and expiration date;
and</text>
</paragraph><paragraph commented="no" id="HEF64F48FD64C4B4A8D8800E9A6932747"><enum>(4)</enum><text display-inline="yes-display-inline">the capacity of existing or planned
facilities to produce coal-to-liquid fuel.</text>
</paragraph></subsection><subsection commented="no" id="HAF06F07FE1D449E89004169555224854"><enum>(c)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph commented="no" id="H3A08D5804928497FB42B2ED715008DC3"><enum>(1)</enum><header>Coal-to-liquid
put option contract</header><text display-inline="yes-display-inline">The term
<term>coal-to-liquid put option contract</term> means a contract, written by
the Secretary, which—</text>
<subparagraph commented="no" id="H5E3CF7FE7EFA44A2B1134D73501702EE"><enum>(A)</enum><text display-inline="yes-display-inline">gives the holder the right (but not the
obligation) to sell to the Government of the United States a certain quantity
of a specific type of coal-to-liquid fuel produced by a qualified
coal-to-liquid facility specified in the contract, at a strike price specified
in the contract, on or before an expiration date specified in the contract;
and</text>
</subparagraph><subparagraph commented="no" id="HE673F4845C9A4DA6B26F4FE798568FB1"><enum>(B)</enum><text>is transferable by
the holder to any other entity.</text>
</subparagraph></paragraph><paragraph commented="no" id="H8C60CD69AE264D8CB8F8F8E365C6F715"><enum>(2)</enum><header>Secretary</header><text>The
term <term>Secretary</term> means the Secretary of the Treasury.</text>
</paragraph><paragraph commented="no" id="HB27E431ADC3B4D9DA810ABE679EC5027"><enum>(3)</enum><header>Strike
price</header><text>The term <term>strike price</term> means, with respect to a
put option contract, the price at which the holder of the contract has the
right to sell the fuel which is the subject of the contract.</text>
</paragraph></subsection><subsection commented="no" id="H6322298D676D4274AA2DFA443670A101"><enum>(d)</enum><header>Regulations</header><text>The
Secretary shall prescribe such regulations as may be necessary to carry out
this section.</text>
</subsection><subsection commented="no" id="HC2C672F8FDDC48F7B412C81184B77D77"><enum>(e)</enum><header>Effective
date</header><text>This section shall take effect 1 year after the date of the
enactment of this Act.</text>
</subsection></section><section commented="no" id="H027ACCBA61D640518E18A54C5B4C504"><enum>404.</enum><header>Definitions</header><text display-inline="no-display-inline">For purposes of this title (except as
otherwise provided)—</text>
<paragraph id="H25EB0797AA934D93BEE58BEA34CA7510"><enum>(1)</enum><header>Coal-to-liquid
fuel</header><text display-inline="yes-display-inline">The term
<term>coal-to-liquid fuel</term> means any transportation-grade liquid fuel
derived primarily from coal (including peat) and produced at a qualified
coal-to-liquid facility.</text>
</paragraph><paragraph id="HF9534ECAE018407CB87855F1A587CADE"><enum>(2)</enum><header>Qualified
coal-to-liquid facility</header><text display-inline="yes-display-inline">The
term <term>qualified coal-to-liquid facility</term> means a manufacturing
facility that has the capacity to produce at least 10,000 barrels per day of
transportation grade liquid fuels from a feedstock that is primarily domestic
coal (including peat and any property which allows for the capture,
transportation, or sequestration of by-products resulting from such process,
including carbon emissions).</text>
</paragraph><paragraph id="H2D02CAD6559F4943962B00E2EB1E449F"><enum>(3)</enum><header>Secretary</header><text>The
term <term>Secretary</term> means the Secretary of Energy.</text>
</paragraph></section><enum>V</enum><header>Biofuel
Program</header>
<section id="H890257B3309E4A9AA6FAF58BC001605"><enum>501.</enum><header>Grants for
cellulosic ethanol production</header><text display-inline="no-display-inline">Subsection (s) of section 211 of the Clean
Air Act (as added by section 1512 of the Energy Policy Act of 2005) (and as
redesignated by section 9307 of this Act), relating to conversion assistance
for cellulosic biomass, waste-derived ethanol, and approved renewable fuels, is
amended as follows:</text>
<paragraph id="H5C3CBC219A6149DC8C6480AFC619C4C5"><enum>(1)</enum><text>By adding the
following new subparagraphs at the end of paragraph (3):</text>
<quoted-block id="HD67638E2E767426CB46DCF125EEE34AA" style="OLC">
<subparagraph id="HB07CAB04BA034C41BE9E10B4D0D2E314"><enum>(D)</enum><text>$500,000,000 for
fiscal year 2009.</text>
</subparagraph><subparagraph id="H2BBB33867D7C4ECDAF76DB89B3BFBCE"><enum>(E)</enum><text>$500,000,000 for
fiscal year
2010.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H2233BE5BEA8E4A2D8924FE1100693D5B"><enum>(2)</enum><text>By adding the
following new paragraph at the end thereof:</text>
<quoted-block id="HCF3F8301019544F4BA04BF645F99EC2E" style="OLC">
<paragraph id="H878A1E4C233B4C12BE1491669400DFE4"><enum>(5)</enum><header>Criteria</header><text>In
awarding grants under this section, the Secretary shall give priority to
applications that promote feedstock diversity and the geographic dispersion of
production
facilities.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="H36FCF16BB55C49BEAC80AF4307731D28"><enum>502.</enum><header>Loan guarantees
for biorefineries and biofuel production plants</header><text display-inline="no-display-inline">Section 9003 of the Farm Security and Rural
Investment Act of 2002 (7 U.S.C. 8103) is amended—</text>
<paragraph id="HB852CE939D1C4235B77313D68D1FC9BD"><enum>(1)</enum><text>in the section
heading, by inserting <quote><header-in-text level="section" style="OLC">; loan
guarantees for biorefineries and biofuel production
plants</header-in-text></quote> after <quote><header-in-text level="section" style="OLC">grants</header-in-text></quote>;</text>
</paragraph><paragraph id="H093DC0D792EC4400B846581653FE9DB3"><enum>(2)</enum><text>in subsection
(b)(2)(A), by striking <quote>and</quote> the 1st place it appears and
inserting <quote>or</quote>;</text>
</paragraph><paragraph id="HA7A6862E40FC42D4A5EF75E5105F3F11"><enum>(3)</enum><text>in subsection (c),
by redesignating subsection (h ) as subsection (i) and subsections (d) through
(g) as subsections (e) through (h ), respectively, and inserting after
subsection (c) the following:</text>
<quoted-block id="H41D90CA94851494EAD2287666D40EA8D" style="OLC">
<subsection id="HB2302C6F76DC40A0AFD27E0620E561C2"><enum>(d)</enum><header>Loan
Guarantees</header>
<paragraph id="H6B43B388DE2942EB8B25F3E1CA54DED4"><enum>(1)</enum><header>In
general</header><text>The Secretary shall make loan guarantees to eligible
entities to assist in paying the cost of development and construction of
biorefineries and biofuel production plants (including retrofitting) to carry
out projects to demonstrate the commercial viability of 1 or more processes for
converting biomass to fuels or chemicals.</text>
</paragraph><paragraph id="HFEA27FDCC9BD4B7BB2F74D05EBA19216"><enum>(2)</enum><header>Limitations</header>
<subparagraph id="H777311FCAC774A58B412A32CFF938F51"><enum>(A)</enum><header>Maximum
percentage of loan guaranteed</header><text>A loan guarantee under paragraph
(1) shall be for not more than 90 percent of the principal and interest due on
the loan.</text>
</subparagraph><subparagraph id="H75D3EE450B0840A9A8F2D714FAB5D619"><enum>(B)</enum><header>Total amounts
guaranteed</header><text>The total amount of principal and interest guaranteed
under paragraph (1) shall not exceed—</text>
<clause id="H447578BC682940BCAA2453B03877193C"><enum>(i)</enum><text>$600,000,000, in
the case of loans valued at not more than $100,000,000; or</text>
</clause><clause id="HFFA00314B42D4331A7549132003DEE94"><enum>(ii)</enum><text>$1,000,000,000,
in the case of loans valued at more than $100,000,000 but not more than
$250,000,000.</text>
</clause></subparagraph><subparagraph id="H977E52645B8B4C4C9E4936519C00DF23"><enum>(C)</enum><header>Maximum term of
loan guaranteed</header><text>The Secretary shall determine the maximum term of
a loan guarantee provided under paragraph
(1).</text>
</subparagraph></paragraph></subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph id="H0FE47E9990154EAC9463EF956DA8A5F5"><enum>(4)</enum><text>in subsection (f)
(as so redesignated)—</text>
<subparagraph id="H6FD0A58D8D024A9DB4105C821054C9EA"><enum>(A)</enum><text>in paragraph (1),
by inserting <quote>and loan guarantees under subsection (d)</quote> after
<quote>(c)</quote>;</text>
</subparagraph><subparagraph id="H819CCC9E18C2460D92AAD139B1FD6AD"><enum>(B)</enum><text>in paragraph
(2)(A), by inserting <quote>or loan guarantees under subsection (d)</quote>
after <quote>(c)</quote>;</text>
</subparagraph><subparagraph id="H969DBACB0E1249BE8952B3AB329FFE27"><enum>(C)</enum><text>in paragraph
(2)(B)—</text>
<clause id="HF5DF0FC431704857A0B316B001B2E70"><enum>(i)</enum><text>by
striking <quote>and</quote> at the end of clause (viii);</text>
</clause><clause id="H820FBF0993904FA2B2321D11A97D0642"><enum>(ii)</enum><text>by
striking the period at the end of clause (ix) and inserting <quote>;
and</quote>; and</text>
</clause><clause id="HC5AD652FF64A47F19D9D458D2D842D69"><enum>(iii)</enum><text>by
adding at the end the following:</text>
<quoted-block id="H6B9B335781414CB68BD47837FECA177E" style="OLC">
<subsection id="H523C2533CEFB419091DE5FBECC8E9646"><enum>(x)</enum><text>The level of local
ownership.</text>
</subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph id="H333000D8F0EA4292A87091879BE26BB2"><enum>(D)</enum><text>by adding at the
end the following:</text>
<quoted-block id="H0DF05E495A2F434CA779CBFE737841FC" style="OLC">
<paragraph id="H6A904CF035954D82BE112F3431172673"><enum>(3)</enum><header>Priority in
awarding loan guarantees</header><text>In selecting projects to receive loan
guarantees under subsection (d), the Secretary shall give priority to projects
based on the criteria set forth in paragraph (2)(B) of this
subsection.</text>
</paragraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H8109F94C5FFE4B4C92AB822638A7B95C"><enum>(5)</enum><text>in subsection (i),
by striking <quote>2007</quote> and inserting <quote>2012</quote>; and</text>
</paragraph><paragraph id="H4F70551E9C6C469EBEFF9FD84E97CEA3"><enum>(6)</enum><text>by adding at the
end the following new subsections:</text>
<quoted-block id="HFA8B18A53B06445D9C4232F7577CCC4" style="OLC">
<subsection id="H96185F5B654241A892FE9C9841DA99B9"><enum>(j)</enum><header>Additional
Funding for Loan Guarantees</header><text>Of the funds of the Commodity Credit
Corporation, the Secretary shall use to carry out this section—</text>
<paragraph id="H25655C5180B04C7DBD14C24DAF26FD87"><enum>(1)</enum><text>$50,000,000 for
fiscal year 2008;</text>
</paragraph><paragraph id="HE13689B2964A4963B250177199EDD21E"><enum>(2)</enum><text>$65,000,000 for
fiscal year 2009;</text>
</paragraph><paragraph id="H890958961C6E44AAB5ABB5DE041806E1"><enum>(3)</enum><text>$75,000,000 for
fiscal year 2010;</text>
</paragraph><paragraph id="H17142373A91F4086B800B371E2321C9"><enum>(4)</enum><text>$150,000,000 for
fiscal year 2011; and</text>
</paragraph><paragraph id="H1BF34E27ED064B8299D1B1AB4DBD30C9"><enum>(5)</enum><text>$250,000,000 for
fiscal year 2012.</text>
</paragraph></subsection><subsection id="HB811A10398014BC78FAD4DEC7DA1D19"><enum>(k)</enum><header>Continuation of
Operations</header>
<paragraph id="H5BE819111C43429D83215CEF68A7D63B"><enum>(1)</enum><header>Funding</header><text>The
Secretary shall continue to carry out this section at the rate of operation in
effect on September 30, 2012, from sums in the Treasury not otherwise
appropriated, through September 30, 2017.</text>
</paragraph><paragraph id="H5050C6A994B04BB09DC5960080303C14"><enum>(2)</enum><header>Authority</header><text>The
program and authorities provided under this section shall continue in force and
effect through September 30,
2017.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section display-inline="no-display-inline" id="H2B3AE913F4D547A6ACF66B7CEEDFA52E" section-type="subsequent-section"><enum>503.</enum><header>Biomass Research and
Development Act of 2000</header>
<subsection id="H5171FB0E6D4A4331AD9744AA27F36C11"><enum>(a)</enum><header>Restatement,
Extension, and Increased Funding of Act</header><text>Section 9008 of the Farm
Security and Rural Investment Act of 2002 (Public Law 107–171; 116 Stat. 486)
is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H9D0EE278BE28480A8EDF7E38F992EA9E" style="OLC">
<section id="HB4AC252713FB4D45936694532CDFFA50"><enum>9008.</enum><header>Biomass
Research and Development Act of 2000</header>
<subsection id="HBF8B0DA732574AE5BA199CCD44006F64"><enum>(a)</enum><header>Short
title</header><text display-inline="yes-display-inline">This section may be
cited as the <quote><short-title>Biomass Research and
Development Act of 2000</short-title></quote>.</text>
</subsection><subsection id="H665FA4FC960847B3AFACD02459F400CD"><enum>(b)</enum><header>Findings</header><text>Congress
finds that—</text>
<paragraph id="H1717A0982F794234AB4C6689F3E5A193"><enum>(1)</enum><text>conversion of
biomass into biobased industrial products offers outstanding potential for
benefit to the national interest through—</text>
<subparagraph id="HD41F2F3E55D34542937866685BD3A998"><enum>(A)</enum><text>improved strategic
security and balance of payments;</text>
</subparagraph><subparagraph id="H6B1CCF82CC0B4BAFB150BCB458CC4CF4"><enum>(B)</enum><text>healthier rural
economies;</text>
</subparagraph><subparagraph id="H4D48FAD5AEFE412C84B6818C3CB545EC"><enum>(C)</enum><text>improved
environmental quality;</text>
</subparagraph><subparagraph id="HC47A760C0E4144AEAED9B3788BC1C33D"><enum>(D)</enum><text>near-zero net
greenhouse gas emissions;</text>
</subparagraph><subparagraph id="H4E8E2B65B02E4BFEB118C4A759C92BE4"><enum>(E)</enum><text>technology export;
and</text>
</subparagraph><subparagraph id="H7E77779C2E2C4C870023D494834FC4C1"><enum>(F)</enum><text>sustainable
resource supply;</text>
</subparagraph></paragraph><paragraph id="HECC481454E7740FABA582761CAFF76B5"><enum>(2)</enum><text>the key technical
challenges to be overcome in order for biobased industrial products to be
cost-competitive are finding new technology and reducing the cost of technology
for converting biomass into desired biobased industrial products;</text>
</paragraph><paragraph id="HCA57C70877674A879351AC714027729"><enum>(3)</enum><text>biobased fuels have
the clear potential to be sustainable, low cost, and high performance fuels
that are compatible with both current and future transportation systems and
provide near-zero net greenhouse gas emissions;</text>
</paragraph><paragraph id="H3CE5DB6E757A4591A0BAF2D5878F5488"><enum>(4)</enum><text>biobased chemicals
have the clear potential for environmentally benign product life cycles;</text>
</paragraph><paragraph id="H6900737355024589B88057E69021E3CA"><enum>(5)</enum><text>biobased power
can—</text>
<subparagraph id="HE447DF7F4A684084A56849633872222E"><enum>(A)</enum><text>provide
environmental benefits;</text>
</subparagraph><subparagraph id="H975CFB57FBE94CCBACDDF6CD8B4CBB"><enum>(B)</enum><text>promote rural
economic development; and</text>
</subparagraph><subparagraph id="H30AB6C23A1274F708439008755F294C2"><enum>(C)</enum><text>diversify energy
resource options;</text>
</subparagraph></paragraph><paragraph id="HD63B570D3C4B43B3868EE048786FC06F"><enum>(6)</enum><text>many biomass
feedstocks suitable for industrial processing show the clear potential for
sustainable production, in some cases resulting in improved soil fertility and
carbon sequestration;</text>
</paragraph><paragraph id="H74C8FC383C374B9CB52D25A31DAEB4CE"><enum>(7)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="HC0CD70C6A0E841F685E4C24EE39311DF"><enum>(A)</enum><text>grain processing mills
are biorefineries that produce a diversity of useful food, chemical, feed, and
fuel products; and</text>
</subparagraph><subparagraph id="H4CB6E9DDED9345BF86DDA5686FA28C3" indent="up1"><enum>(B)</enum><text>technologies that result in further
diversification of the range of value-added biobased industrial products can
meet a key need for the grain processing industry;</text>
</subparagraph></paragraph><paragraph id="HF74639A4D94746998086C7768B20BBF6"><enum>(8)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H1C2BE6DCEFF249488E70BACD6B90A414"><enum>(A)</enum><text>cellulosic feedstocks
are attractive because of their low cost and widespread availability;
and</text>
</subparagraph><subparagraph id="H92546987FC6C49F0AA3C90E45DFCE370" indent="up1"><enum>(B)</enum><text>research resulting in cost-effective
technology to overcome the recalcitrance of cellulosic biomass would allow
biorefineries to produce fuels and bulk chemicals on a very large scale, with a
commensurately large realization of the benefit described in paragraph
(1);</text>
</subparagraph></paragraph><paragraph id="HB637B7E1AEE447E491B1D7DFE46E0100"><enum>(9)</enum><text>research into the
fundamentals to understand important mechanisms of biomass conversion can be
expected to accelerate the application and advancement of biomass processing
technology by—</text>
<subparagraph id="HF19A0C45A4DB40DEA5038FC25D2D591E"><enum>(A)</enum><text>increasing the
confidence and speed with which new technologies can be scaled up; and</text>
</subparagraph><subparagraph id="HCED592E5CE2447E0B4E1FACF4B80C6C0"><enum>(B)</enum><text>giving rise to
processing innovations based on new knowledge;</text>
</subparagraph></paragraph><paragraph id="H54E2427A135444909B39F7CEE554B65E"><enum>(10)</enum><text>the added utility
of biobased industrial products developed through improvements in processing
technology would encourage the design of feedstocks that would meet future
needs more effectively;</text>
</paragraph><paragraph id="H17503F066C6E46D591CB2128DCC198F3"><enum>(11)</enum><text>the creation of
value-added biobased industrial products would create new jobs in construction,
manufacturing, and distribution, as well as new higher-valued exports of
products and technology;</text>
</paragraph><paragraph id="H12D2C3EFCFC5422D887D09D58D5167CA"><enum>(12)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H5C7515C9686340D30099472BE9C6278"><enum>(A)</enum><text>because of the relatively
short-term time horizon characteristic of private sector investments, and
because many benefits of biomass processing are in the national interest, it is
appropriate for the Federal Government to provide precommercial investment in
fundamental research and research-driven innovation in the biomass processing
area; and</text>
</subparagraph><subparagraph id="HB19644E19ED448AAB710C4F5BDC4BFCE" indent="up1"><enum>(B)</enum><text>such an investment would provide a
valuable complement to ongoing and past governmental support in the biomass
processing area; and</text>
</subparagraph></paragraph><paragraph id="H315B316CC0C84ADA90E6A5D80093BCCC"><enum>(13)</enum><text>several prominent
studies, including studies by the President's Committee of Advisors on Science
and Technology and the National Research Council—</text>
<subparagraph id="HCA0AC0D892604182BBE3B48DAECAA4D"><enum>(A)</enum><text>support the
potential for large research-driven advances in technologies for production of
biobased industrial products as well as associated benefits; and</text>
</subparagraph><subparagraph id="H9EE6F8DD774D4011A097A8D9928B514"><enum>(B)</enum><text>document the need
for a focused, integrated, and innovation-driven research effort to provide the
appropriate progress in a timely manner.</text>
</subparagraph></paragraph></subsection><subsection id="H4C26B319D108484CB62ECFCE7C54B389"><enum>(c)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="H3B65EBAD241F42F7BC409EC38EC75E"><enum>(1)</enum><header>Advisory
committee</header><text>The term <term>Advisory Committee</term> means the
Biomass Research and Development Technical Advisory Committee established by
this section.</text>
</paragraph><paragraph id="H858A0117FF8647AC912105B16537B326"><enum>(2)</enum><header>Biobased
fuel</header><text>The term <term>biobased fuel</term> means any transportation
or heating fuel produced from biomass.</text>
</paragraph><paragraph id="H4AFA84D9AE37496A944955E7377C24D7"><enum>(3)</enum><header>Biobased
product</header><text>The term <term>biobased product</term> means an
industrial product (including chemicals, materials, and polymers) produced from
biomass, or a commercial or industrial product (including animal feed and
electric power) derived in connection with the conversion of biomass to
fuel.</text>
</paragraph><paragraph id="H6EB37B031E8E434185776FF759A0F2B5"><enum>(4)</enum><header>Biomass</header><text>The
term <term>biomass</term> means any organic matter that is available on a
renewable or recurring basis, including agricultural crops and trees, wood and
wood wastes and residues, plants (including aquatic plants), grasses, residues,
fibers, and animal wastes, municipal wastes, and other waste materials.</text>
</paragraph><paragraph id="H517A398952514F2EB87F70104CDCFFC"><enum>(5)</enum><header>Board</header><text>The
term <term>Board</term> means the Biomass Research and Development Board
established by this section.</text>
</paragraph><paragraph id="H7B367526AA864F938FBE843100E47300"><enum>(6)</enum><header>Demonstration</header><text>The
term <term>demonstration</term> means demonstration of technology in a pilot
plant or semi-works scale facility.</text>
</paragraph><paragraph id="H94D2F43E0FBD49DCB48419C01B19F94D"><enum>(7)</enum><header>Initiative</header><text>The
term <term>Initiative</term> means the Biomass Research and Development
Initiative established under this section.</text>
</paragraph><paragraph id="H3B82417623424623A978304E47B717C1"><enum>(8)</enum><header>Institution of
higher education</header><text>The term <term>institution of higher
education</term> has the meaning given the term in section 102(a) of the Higher
Education Act of 1965 (20 U.S.C. 1002(a)).</text>
</paragraph><paragraph id="HA77B54A0B8674FFCA24B3BED4B5377A6"><enum>(9)</enum><header>National
laboratory</header><text>The term <term>National Laboratory</term> has the
meaning given that term in section 2 of the Energy Policy Act of 2005.</text>
</paragraph><paragraph id="H0F7E4EA9694A4C218670E4CFC03E528"><enum>(10)</enum><header>Point of
contact</header><text>The term <term>point of contact</term> means a point of
contact designated under this section.</text>
</paragraph></subsection><subsection id="HC421DD202BFE4ACF855EB36002427600"><enum>(d)</enum><header>Cooperation and
coordination in biomass research and development</header>
<paragraph id="H7454A5DAD85C4630924BC9A29553BCFF"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary of
Agriculture and the Secretary of Energy shall cooperate with respect to, and
coordinate, policies and procedures that promote research and development
leading to the production of biobased fuels and biobased products.</text>
</paragraph><paragraph id="H11CBCEC78BF749C880B1B9CEB3280064"><enum>(2)</enum><header>Points of
Contact</header>
<subparagraph id="H8E7E007EEBD2428A8CF583914673E93B"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">To coordinate
research and development programs and activities relating to biobased fuels and
biobased products that are carried out by their respective Departments—</text>
<clause id="HA2B90DA6BF6E468CA8A83966B700A9C1"><enum>(i)</enum><text display-inline="yes-display-inline">the Secretary of Agriculture shall
designate, as the point of contact for the Department of Agriculture, an
officer of the Department of Agriculture appointed by the President to a
position in the Department before the date of the designation, by and with the
advice and consent of the Senate; and</text>
</clause><clause id="H08B0804BC48142659D5B15F388A3668D"><enum>(ii)</enum><text>the Secretary of
Energy shall designate, as the point of contact for the Department of Energy,
an officer of the Department of Energy appointed by the President to a position
in the Department before the date of the designation, by and with the advice
and consent of the Senate.</text>
</clause></subparagraph><subparagraph id="H4C1B3C3CB42040B2BA05F17B5F44DC74"><enum>(B)</enum><header>Duties</header><text display-inline="yes-display-inline">The points of contact shall jointly—</text>
<clause id="H54183B2D04B340A18600469BCEB3B243"><enum>(i)</enum><text>assist in
arranging interlaboratory and site-specific supplemental agreements for
research and development projects relating to biobased fuels and biobased
products;</text>
</clause><clause id="HCC860254CA0C4FEAB100FAC8EA001BF0"><enum>(ii)</enum><text>serve as
cochairpersons of the Board;</text>
</clause><clause id="HD08383AA7C1F4CFFB8D9269EAEC900AF"><enum>(iii)</enum><text>administer the
Initiative; and</text>
</clause><clause id="HEFFE74089E184FE1AC8B00B87732196D"><enum>(iv)</enum><text>respond in
writing to each recommendation of the Advisory Committee made under subsection
(f).</text>
</clause></subparagraph></paragraph></subsection><subsection id="H325FE3CBDE9A43A7AD762D7CF096EACB"><enum>(e)</enum><header>Biomass research
and development board</header>
<paragraph id="H90AAEE83A122445391B9274828C939C7"><enum>(1)</enum><header>Establishment</header><text>There
is established the Biomass Research and Development Board, which shall
supersede the Interagency Council on Biobased Products and Bioenergy
established by Executive Order No. 13134, to coordinate programs within and
among departments and agencies of the Federal Government for the purpose of
promoting the use of biobased fuels and biobased products by—</text>
<subparagraph id="HAD84A14E6E134437A9254D4557E288D0"><enum>(A)</enum><text>maximizing the
benefits deriving from Federal grants and assistance; and</text>
</subparagraph><subparagraph id="HD7C4B9F29D78415BA818B4709FD05F3D"><enum>(B)</enum><text>bringing coherence
to Federal strategic planning.</text>
</subparagraph></paragraph><paragraph id="HA400A880BEB1413EA80080147E7CDEE6"><enum>(2)</enum><header>Membership</header><text>The
Board shall consist of—</text>
<subparagraph id="H0B1F708480CC48629F399B758311104B"><enum>(A)</enum><text>the point of
contact of the Department of Energy designated under subsection (d), who shall
serve as cochairperson of the Board;</text>
</subparagraph><subparagraph id="H286052C135B540F4A7415DE33F275309"><enum>(B)</enum><text>the point of
contact of the Department of Agriculture designated under subsection (d), who
shall serve as cochairperson of the Board;</text>
</subparagraph><subparagraph id="H6C9E0DBB782649DAA76571007D2DE61C"><enum>(C)</enum><text>a senior officer
of each of the Department of the Interior, the Environmental Protection Agency,
the National Science Foundation, and the Office of Science and Technology
Policy, each of whom shall—</text>
<clause id="H5323645EE1EA4FEA99A3B20591116F8C"><enum>(i)</enum><text>be
appointed by the head of the respective agency; and</text>
</clause><clause id="H13629F121DA940BE9B9BDA35F7335DA1"><enum>(ii)</enum><text>have a rank that
is equivalent to the rank of the points of contact; and</text>
</clause></subparagraph><subparagraph id="H435DED6ADF0C40B2008400AF3300EBE"><enum>(D)</enum><text>at the option of
the Secretary of Agriculture and the Secretary of Energy, other members
appointed by the Secretaries (after consultation with the members described in
subparagraphs (A) through (C)).</text>
</subparagraph></paragraph><paragraph id="H8C7CC826AFFB46BB84D1F55B98911DDE"><enum>(3)</enum><header>Duties</header><text>The
Board shall—</text>
<subparagraph id="HE09799C4632D45C6B840C865913CD142"><enum>(A)</enum><text>coordinate
research and development activities relating to biobased fuels and biobased
products—</text>
<clause id="H3ECC2A4FCCE046B400ECD28155BE20B5"><enum>(i)</enum><text>between the
Department of Agriculture and the Department of Energy; and</text>
</clause><clause id="H04037BC916F34725AE0870BC00D91CAE"><enum>(ii)</enum><text>with other
departments and agencies of the Federal Government;</text>
</clause></subparagraph><subparagraph id="HC4B9E0BEF4164C28AEF1EEF5774F8149"><enum>(B)</enum><text>provide
recommendations to the points of contact concerning administration of this
title;</text>
</subparagraph><subparagraph id="H76671B0F127A480198BCBA17481DD400"><enum>(C)</enum><text>ensure
that—</text>
<clause id="H9003027697CE457DBDCE069C1F619B1D"><enum>(i)</enum><text>solicitations are
open and competitive with awards made annually; and</text>
</clause><clause id="H1009EF7E0AE0496CABD0A362E2C73177"><enum>(ii)</enum><text>objectives and
evaluation criteria of the solicitations are clearly stated and minimally
prescriptive, with no areas of special interest; and</text>
</clause></subparagraph><subparagraph id="H96B8333D4EF84D45A4D83F192870B195"><enum>(D)</enum><text>ensure that the
panel of scientific and technical peers assembled under subsection (g) to
review proposals is composed predominantly of independent experts selected from
outside the Departments of Agriculture and Energy.</text>
</subparagraph></paragraph><paragraph id="HA7293273A9ED43E1A9E2B581AF7744C3"><enum>(4)</enum><header>Funding</header><text>Each
agency represented on the Board is encouraged to provide funds for any purpose
under this section.</text>
</paragraph><paragraph id="H24D2978D01C743FFB58381495FBCFF9D"><enum>(5)</enum><header>Meetings</header><text>The
Board shall meet at least quarterly to enable the Board to carry out the duties
of the Board under paragraph (3).</text>
</paragraph></subsection><subsection id="H8167D27931D549BBB0D25411A0701CDB"><enum>(f)</enum><header>Biomass research
and development technical advisory committee</header>
<paragraph id="H1F46B914FAC249BAAD5744C9C23E0002"><enum>(1)</enum><header>Establishment</header><text>There
is established the Biomass Research and Development Technical Advisory
Committee, which shall supersede the Advisory Committee on Biobased Products
and Bioenergy established by Executive Order No. 13134—</text>
<subparagraph id="H116E86CD2EB94BC1B717CBFC66D6843B"><enum>(A)</enum><text>to advise the
Secretary of Energy, the Secretary of Agriculture, and the points of contact
concerning—</text>
<clause id="H5E7DA677E29E4A0589915FEEF0ACB882"><enum>(i)</enum><text>the technical
focus and direction of requests for proposals issued under the Initiative;
and</text>
</clause><clause id="H2D279446A47547F69BF992E9091F78F1"><enum>(ii)</enum><text>procedures for
reviewing and evaluating the proposals;</text>
</clause></subparagraph><subparagraph id="H880DD74E8FA24687AC684FE894C0BE00"><enum>(B)</enum><text>to facilitate
consultations and partnerships among Federal and State agencies, agricultural
producers, industry, consumers, the research community, and other interested
groups to carry out program activities relating to the Initiative; and</text>
</subparagraph><subparagraph id="H880DAA0F70254C8CA612BA938167B140"><enum>(C)</enum><text>to evaluate and
perform strategic planning on program activities relating to the
Initiative.</text>
</subparagraph></paragraph><paragraph id="HB18059BAA31E47C2A0B79D3565E8E124"><enum>(2)</enum><header>Membership</header>
<subparagraph id="H48F0ADB157DE4803AD1F12D9BDAED3E0"><enum>(A)</enum><header>In
general</header><text>The Advisory Committee shall consist of—</text>
<clause id="H8B946BB911444C2491A8E2E14091AD60"><enum>(i)</enum><text>an
individual affiliated with the biofuels industry;</text>
</clause><clause id="HA94635A6D68D4B4EBCBBBAEF13D6DBF5"><enum>(ii)</enum><text>an individual
affiliated with the biobased industrial and commercial products
industry;</text>
</clause><clause id="HC34DA8E454A0439DBAAA8B00DDEF2379"><enum>(iii)</enum><text>an individual
affiliated with an institution of higher education who has expertise in
biobased fuels and biobased products;</text>
</clause><clause id="H80A9E852ABE3486F9FF4FADC39609F24"><enum>(iv)</enum><text>two prominent
engineers or scientists from government or academia who have expertise in
biobased fuels and biobased products;</text>
</clause><clause id="H55BD281F06B34C8A93C1D12ED979DED1"><enum>(v)</enum><text>an
individual affiliated with a commodity trade association;</text>
</clause><clause id="HFE626E6A122B41A1A501D78F01394E5B"><enum>(vi)</enum><text>2
individuals affiliated with an environmental or conservation
organization;</text>
</clause><clause id="HF3302B9FD9184CF2A5696486B488C0BC"><enum>(vii)</enum><text>an individual
associated with State government who has expertise in biobased fuels and
biobased products;</text>
</clause><clause id="HCC4466F944A342E49C61B0861D727F68"><enum>(viii)</enum><text>an individual
with expertise in energy and environmental analysis;</text>
</clause><clause id="H440F63510E6942B1A2A27C00A821019B"><enum>(ix)</enum><text>an individual
with expertise in the economics of biobased fuels and biobased products;</text>
</clause><clause id="H72AFD69840124EA990E2A2A0C1D6FBD9"><enum>(x)</enum><text>an
individual with expertise in agricultural economics;</text>
</clause><clause id="HA4300F42EEA8457EBB58001F8C7CA948"><enum>(xi)</enum><text>an individual
with expertise in agronomy, crop science, or soil science; and</text>
</clause><clause id="HD51A9C0173CA49B2A223EFD8D6816231"><enum>(xii)</enum><text>at the option of
the points of contact, other members.</text>
</clause></subparagraph><subparagraph id="HB95E5F9759EF496600D4583692EE0718"><enum>(B)</enum><header>Appointment</header><text>The
members of the Advisory Committee shall be appointed by the points of
contact.</text>
</subparagraph></paragraph><paragraph id="H2EB7A6C9025349F5ACD702BC67C2F4F1"><enum>(3)</enum><header>Duties</header><text>The
Advisory Committee shall—</text>
<subparagraph id="H7B29B314B284415E89BC0870C655C03E"><enum>(A)</enum><text>advise the points
of contact with respect to the Initiative; and</text>
</subparagraph><subparagraph id="H586F02BB22CD42B48C435BB060D0C374"><enum>(B)</enum><text>evaluate whether,
and make recommendations in writing to the Board to ensure that—</text>
<clause id="HD60028F68FB8487EB5E92B4C3B3FDB"><enum>(i)</enum><text>funds authorized for
the Initiative are distributed and used in a manner that is consistent with the
objectives, purposes, and considerations of the Initiative;</text>
</clause><clause id="HBFD76339D2084959A86D00E7E83B0849"><enum>(ii)</enum><text>solicitations are
open and competitive with awards made annually and that objectives and
evaluation criteria of the solicitations are clearly stated and minimally
prescriptive, with no areas of special interest;</text>
</clause><clause id="H1F1896DE99654106B6E62425C191C9A7"><enum>(iii)</enum><text>the points of
contact are funding proposals under this title that are selected on the basis
of merit, as determined by an independent panel of scientific and technical
peers predominantly from outside the Departments of Agriculture and Energy;
and</text>
</clause><clause id="H5C6D7BC142BB4F19978F7CB5A3EC536E"><enum>(iv)</enum><text>activities under
this section are carried out in accordance with this section.</text>
</clause></subparagraph></paragraph><paragraph id="H3D3CC53C1ACA42EFB7C0B66E5E7234E4"><enum>(4)</enum><header>Coordination</header><text>To
avoid duplication of effort, the Advisory Committee shall coordinate its
activities with those of other Federal advisory committees working in related
areas.</text>
</paragraph><paragraph id="H4EE708B4B54E4ECAA4F3B6FCDF130008"><enum>(5)</enum><header>Meetings</header><text>The
Advisory Committee shall meet at least quarterly to enable the Advisory
Committee to carry out the duties of the Advisory Committee.</text>
</paragraph><paragraph id="H5BCF52F635E646CF90688CC171357298"><enum>(6)</enum><header>Terms</header><text>Members
of the Advisory Committee shall be appointed for a term of 3 years, except
that—</text>
<subparagraph id="H25B199EDDAF4497EBCBEA538D61EAACD"><enum>(A)</enum><text>one-third of the
members initially appointed shall be appointed for a term of 1 year; and</text>
</subparagraph><subparagraph id="H66D05088406F44B585207E7D0031F5A8"><enum>(B)</enum><text>one-third of the
members initially appointed shall be appointed for a term of 2 years.</text>
</subparagraph></paragraph></subsection><subsection id="HBC2854AB7DFF4B5FBE7B8161C3697B7B"><enum>(g)</enum><header>Biomass research
and development initiative</header>
<paragraph id="H1E06FCE5E91E4C8B85BF821BA5B25CE7"><enum>(1)</enum><header>In
General</header><text>The Secretary of Agriculture and the Secretary of Energy,
acting through their respective points of contact and in consultation with the
Board, shall establish and carry out a Biomass Research and Development
Initiative under which competitively awarded grants, contracts, and financial
assistance are provided to, or entered into with, eligible entities to carry
out research on, and development and demonstration of, biobased fuels and
biobased products, and the methods, practices and technologies, for their
production.</text>
</paragraph><paragraph id="H08D9684EB1254EEAAB492CBD3B9935DB"><enum>(2)</enum><header>Objectives</header><text>The
objectives of the Initiative are to develop—</text>
<subparagraph id="H81BC44A7D20A48FD81E553AAEC739F5C"><enum>(A)</enum><text>technologies and
processes necessary for abundant commercial production of biobased fuels at
prices competitive with fossil fuels;</text>
</subparagraph><subparagraph id="HF76F80ED393F48B180FD000541F000F1"><enum>(B)</enum><text>high-value
biobased products—</text>
<clause id="H5E2A256576224107A4C9D62EEC72097D"><enum>(i)</enum><text>to
enhance the economic viability of biobased fuels and power;</text>
</clause><clause id="H213E2631FB7F452FB2B640FF93010626"><enum>(ii)</enum><text>as substitutes
for petroleum-based feedstocks and products; and</text>
</clause><clause id="HFEA92007DEB54552941DFDEAF9419CDF"><enum>(iii)</enum><text>to enhance the
value of coproducts arise from such technologies and processes; and</text>
</clause></subparagraph><subparagraph id="H271D37521D2A47D5BAEF9B0051EB6EB8"><enum>(C)</enum><text>a diversity of
sustainable domestic sources of biomass for conversion to biobased fuels and
biobased products.</text>
</subparagraph></paragraph><paragraph id="HC21C908B91424595BEE0D87434588BFF"><enum>(3)</enum><header>Purposes</header><text>The
purposes of the Initiative are—</text>
<subparagraph id="H1FC2AF4B99F34B538D1204E0C8F8D41B"><enum>(A)</enum><text>to increase the
energy security of the United States;</text>
</subparagraph><subparagraph id="HEBF3C570A78F46F1969FC2071D3EB6A5"><enum>(B)</enum><text>to create jobs and
enhance the economic development of the rural economy;</text>
</subparagraph><subparagraph id="H4DCE511C08904B4186CDA38FF5A0D601"><enum>(C)</enum><text>to enhance the
environment and public health; and</text>
</subparagraph><subparagraph id="H52CEE94EFFBF43A5BD2C18840161B6AC"><enum>(D)</enum><text>to diversify
markets for raw agricultural and forestry products.</text>
</subparagraph></paragraph><paragraph id="HCAE78333BE894B31847E1F7EFACE2FB"><enum>(4)</enum><header>Technical
Areas</header><text>To advance the objectives and purposes of the Initiative,
the Secretary of Agriculture and the Secretary of Energy, in consultation with
the Administrator of the Environmental Protection Agency and heads of other
appropriate departments and agencies (referred to in this subsection as the
<quote>Secretaries</quote>), shall direct research, development, and commercial
applications toward—</text>
<subparagraph id="H39AD58419D04477E9358A65C24AB4204"><enum>(A)</enum><text>feedstocks and
feedstock systems relevant to production of raw materials for conversion to
biobased fuels and biobased products, including—</text>
<clause id="H311D7E918370435ABDCF3675E29C0096"><enum>(i)</enum><text>development of
advanced and dedicated crops and other biomass sources with desired features,
including enhanced productivity, broader site range, low requirements for
chemical inputs, and enhanced processing;</text>
</clause><clause id="HBA9049B3AF0443E6B21502B25BCE8BAA"><enum>(ii)</enum><text>advanced crop
production methods to achieve the features described in clause (i);</text>
</clause><clause id="HBBC7F9BA73384DA6BCD59DBF180102FC"><enum>(iii)</enum><text>feedstock
harvest, handling, transport, and storage;</text>
</clause><clause id="H57942A8C29D0485D9F50709B30174CEB"><enum>(iv)</enum><text>strategies for
integrating feedstock production into existing managed land; and</text>
</clause><clause id="H15D4F2EDDD1E452F99CC9278924C12B6"><enum>(v)</enum><text>improving the
value and quality of coproducts, including materials used for animal
feeding;</text>
</clause></subparagraph><subparagraph id="H576258C7229D4ADDBCF603A7145DC550"><enum>(B)</enum><text>overcoming
recalcitrance of cellulosic biomass through developing technologies for
converting cellulosic biomass into intermediates that can subsequently be
converted into biobased fuels and biobased products, including—</text>
<clause id="HD6310212E06F4CC98D4453409BC92600"><enum>(i)</enum><text>pretreatment in
combination with enzymatic or microbial hydrolysis;</text>
</clause><clause id="HD9227286AE1C41B9918B7900BF26E8D5"><enum>(ii)</enum><text>thermochemical
approaches, including gasification and pyrolysis; and</text>
</clause><clause id="H8BF5D1BCDA1C4506A4A58945B031EB3E"><enum>(iii)</enum><text display-inline="yes-display-inline">self-processing crops that express enzymes
capable of degrading cellulosic biomass;</text>
</clause></subparagraph><subparagraph id="HC10BDD473A234741BD53EB7459B500B"><enum>(C)</enum><text>product
diversification through technologies relevant to production of a range of
biobased products (including chemicals, animal feeds, and cogenerated power)
that eventually can increase the feasibility of fuel production in a
biorefinery, including—</text>
<clause id="HBD646E6CBA404356896677D64676797"><enum>(i)</enum><text>catalytic
processing, including thermochemical fuel production;</text>
</clause><clause id="H786C15A89898465D95D7B5CDB9BD9794"><enum>(ii)</enum><text>metabolic
engineering, enzyme engineering, and fermentation systems for biological
production of desired products, coproducts, or cogeneration of power;</text>
</clause><clause id="H862581E74B0D4756BE4188C73589ADE1"><enum>(iii)</enum><text>product
recovery;</text>
</clause><clause id="H08F960AC7A8F47B2B0C21EA5A6E79B92"><enum>(iv)</enum><text>power production
technologies;</text>
</clause><clause id="H034F934C9D0C4BCAB8ACA2F917C8938"><enum>(v)</enum><text>integration into
existing biomass processing facilities, including starch ethanol plants, sugar
processing or refining plants, paper mills, and power plants; and</text>
</clause><clause id="HB632130F7DEB4961B89878BDEB919726"><enum>(vi)</enum><text>enhancement of
products and coproducts, including dried distillers grains (including
substantially elevated starch content, increased oil content, improved fatty
acid profiles, and improved resistance to mold and mycotoxins;</text>
</clause></subparagraph><subparagraph id="H9B52983E0EED44B3B0A5E97F88C01B35"><enum>(D)</enum><text>analysis that
provides strategic guidance for the application of biomass technologies in
accordance with realization of improved sustainability and environmental
quality, cost effectiveness, security, and rural economic development, usually
featuring system-wide approaches;</text>
</subparagraph><subparagraph id="H0B9A84029D9D4F36A1FAA1EBE800BA00"><enum>(E)</enum><text>the improvement
and development of analytical tools to facilitate the analysis of life-cycle
energy and greenhouse gas emissions, including emissions related to direct and
indirect land use changes, attributable to all potential biofuel feedstocks and
production processes; and</text>
</subparagraph><subparagraph id="H614103C533DC4C6BBCFF9123DA906FA7"><enum>(F)</enum><text>the systematic
evaluation of the impact of expanded biofuel production on the environment,
including forest lands, and on the food supply for humans and animals.</text>
</subparagraph></paragraph><paragraph id="H414C94B863354326A47B7319A6D4F708"><enum>(5)</enum><header>Additional
Considerations</header><text>Within the technical areas described in paragraph
(4), and in addition to advancing the purposes described in paragraph (3) and
the objectives described in paragraph (2), the Secretaries shall support
research and development—</text>
<subparagraph id="HD73EA506503F4D9D88DBFAB68BCD7185"><enum>(A)</enum><text>to create
continuously expanding opportunities for participants in existing biofuels
production by seeking synergies and continuity with current technologies and
practices, such as improvements in dried distillers grains as a bridge
feedstock;</text>
</subparagraph><subparagraph id="H5445C45732264CB6B920132427712582"><enum>(B)</enum><text>to maximize the
environmental, economic, and social benefits of production of biobased fuels
and biobased products on a large scale through life-cycle economic and
environmental analysis and other means;</text>
</subparagraph><subparagraph id="HF9B1DC1F9A7447DCBC85C4D00F3753"><enum>(C)</enum><text>to assess the
potential of Federal land and land management programs as feedstock resources
for biobased fuels and biobased products, consistent with the integrity of soil
and water resources and with other environmental considerations; and</text>
</subparagraph><subparagraph id="HA2480EB089714C39B41122A0B1CB5815"><enum>(D)</enum><text>to facilitate
small-scale production, local, and on-farm use of biofuels, including the
development of small-scale gasification technologies for production of biofuel
from cellulosic feedstocks.</text>
</subparagraph></paragraph><paragraph id="H9E607E17AED24F339699FBE968D76E80"><enum>(6)</enum><header>Eligible
Entities</header><text>To be eligible for a grant, contract, or assistance
under this subsection, an applicant shall be—</text>
<subparagraph id="HE7ACA6F3FB584E4CB117959DF4E351CC"><enum>(A)</enum><text>an institution of
higher education;</text>
</subparagraph><subparagraph id="HB8EDC11CCB6C4F2F8CA9B311918E825B"><enum>(B)</enum><text>a National
Laboratory;</text>
</subparagraph><subparagraph id="HA08105CC2E404294B4F83708F8EE040"><enum>(C)</enum><text>a Federal research
agency;</text>
</subparagraph><subparagraph id="H62F3994DECED485DBD9E783EB66C53A"><enum>(D)</enum><text>a State research
agency;</text>
</subparagraph><subparagraph id="H810B9F94AE7F48D2A9639D59555E75A7"><enum>(E)</enum><text>a private sector
entity;</text>
</subparagraph><subparagraph id="H82443C79ADA7431994B68EFA6B460683"><enum>(F)</enum><text>a nonprofit
organization; or</text>
</subparagraph><subparagraph id="HC55B1A82F5C445C895BD6932AF8B36DF"><enum>(G)</enum><text>a consortium of
two or more entities described in subparagraphs (A) through (F).</text>
</subparagraph></paragraph><paragraph id="H91EFEEA358004D2CA1091CE616997863"><enum>(7)</enum><header>Administration</header>
<subparagraph id="H16A9885E52B64D46B9B09548FA88C54E"><enum>(A)</enum><header>In
general</header><text>After consultation with the Board, the points of contact
shall—</text>
<clause id="H9807D6DD9A7342B2B2CBDB68140D697"><enum>(i)</enum><text>publish annually
one or more joint requests for proposals for grants, contracts, and assistance
under this subsection;</text>
</clause><clause id="H4E0478E4ED454593A0EEC8694972884B"><enum>(ii)</enum><text>require that
grants, contracts, and assistance under this section be awarded competitively,
on the basis of merit, after the establishment of procedures that provide for
scientific peer review by an independent panel of scientific and technical
peers; and</text>
</clause><clause id="HF2653A974C0D458BBC11C14B3B0407DA"><enum>(iii)</enum><text>give some
preference to applications that—</text>
<subclause id="HF36CC2B055414D11BAF28D7267625480"><enum>(I)</enum><text>involve a
consortia of experts from multiple institutions;</text>
</subclause><subclause id="HCD54B57212254822A25B76F9F2FB3700"><enum>(II)</enum><text>encourage the
integration of disciplines and application of the best technical resources;
and</text>
</subclause><subclause id="HD435EA791FA04B27AD002F2955A35EF"><enum>(III)</enum><text>increase the
geographic diversity of demonstration projects.</text>
</subclause></clause></subparagraph><subparagraph id="HEB067A94903E4B619E135701EF5CE6F5"><enum>(B)</enum><header>Distribution of
funding by technical area</header><text>Of the funds authorized to be
appropriated for activities described in this subsection, funds shall be
distributed for each of fiscal years 2007 through 2012 so as to achieve an
approximate distribution of—</text>
<clause id="H4985240451E74CC9A72286A8F2EE9EE9"><enum>(i)</enum><text>20
percent of the funds to carry out activities for feedstock production under
paragraph (4)(A);</text>
</clause><clause id="HF385993AAD1D45FA82276EEDC1AA4EB9"><enum>(ii)</enum><text display-inline="yes-display-inline">45 percent of the funds to carry out
activities for overcoming recalcitrance of cellulosic biomass under paragraph
(4)(B), of which not less than 10 percent shall be used for activities referred
to in each clause of paragraph (4)(B);</text>
</clause><clause id="H0871E368DA9D40B081ABAAAFDE106DA1"><enum>(iii)</enum><text>30 percent of
the funds to carry out activities for product diversification under paragraph
(4)(C); and</text>
</clause><clause id="H39A9AE50006748C39C47C296FE716E08"><enum>(iv)</enum><text>5
percent of the funds to carry out activities for strategic guidance under
paragraph (4)(D).</text>
</clause></subparagraph><subparagraph id="H195AD64EEACB4F6596AEB79FEFF5E5"><enum>(C)</enum><header>Distribution of
funding within each technical area</header><text>Within each technical area
described in subparagraphs (A) through (C) of paragraph (4), funds shall be
distributed for each of fiscal years 2007 through 2012 so as to achieve an
approximate distribution of—</text>
<clause id="H5464E4663ABD4D6E000370FC2F1D6280"><enum>(i)</enum><text>15
percent of the funds for applied fundamentals;</text>
</clause><clause id="HA21FB8B08CCF43F08E804229FD8DF81F"><enum>(ii)</enum><text>35 percent of the
funds for innovation; and</text>
</clause><clause id="H772734B17DB2422CB7AEB37B7DC36751"><enum>(iii)</enum><text>50 percent of
the funds for demonstration and commercial applications.</text>
</clause></subparagraph><subparagraph id="HB248D99F2AD44C08BEDAA26B888367F"><enum>(D)</enum><header>Matching
funds</header>
<clause id="H88BC46946EFB44699DD7859DB444A2BE"><enum>(i)</enum><header>In
general</header><text>A minimum 20 percent funding match shall be required for
demonstration projects under this section.</text>
</clause><clause id="H97477FB9BBF54EBAA2004FE4A42F5E46"><enum>(ii)</enum><header>Commercial
applications</header><text>A minimum of 50 percent funding match shall be
required for commercial application projects under this section.</text>
</clause></subparagraph><subparagraph id="H67E5D8D79120407AAF496954811D2B14"><enum>(E)</enum><header>Technology and
information transfer to agricultural users</header><text>The Administrator of
the Cooperative State Research, Education, and Extension Service and the Chief
of the Natural Resources Conservation Service shall ensure that applicable
research results and technologies from the Initiative are adapted, made
available, and disseminated through those services, as appropriate.</text>
</subparagraph></paragraph></subsection><subsection id="H050486D45D804ED196C789C28F8FB8CD"><enum>(h)</enum><header>Administrative
support and funds</header>
<paragraph id="H08CC719BFAA4432897AF9EA11426B70"><enum>(1)</enum><header>In
General</header><text>To the extent administrative support and funds are not
provided by other agencies under paragraph (2)(b), the Secretary of Energy and
the Secretary of Agriculture may provide such administrative support and funds
of the Department of Energy and the Department of Agriculture to the Board and
the Advisory Committee as are necessary to enable the Board and the Advisory
Committee to carry out their duties under this section.</text>
</paragraph><paragraph id="HBD5CC0F8924B480486534818E3C6955E"><enum>(2)</enum><header>Other
Agencies</header><text>The heads of the agencies referred to in subsection
(e)(2)(C), and the other members appointed under subsection (e)(2)(D), may, and
are encouraged to, provide administrative support and funds of their respective
agencies to the Board and the Advisory Committee.</text>
</paragraph><paragraph id="H4BAB0BCB9DDF4CEA8D01AE461C870096"><enum>(3)</enum><header>Limitation</header><text>Not
more than 4 percent of the amount appropriated for each fiscal year under
subsection (g)(6) may be used to pay the administrative costs of carrying out
this section.</text>
</paragraph></subsection><subsection id="HD5EA5D66633C492696ADF07BDC6F970"><enum>(i)</enum><header>Reports</header>
<paragraph id="HF999874E5B0F48CCA02711B24ECABBB"><enum>(1)</enum><header>Annual
Reports</header><text>For each fiscal year for which funds are made available
to carry out this section, the Secretary of Energy and the Secretary of
Agriculture shall jointly submit to Congress a detailed report on—</text>
<subparagraph id="H032846324F2D41AE95E289ED50217774"><enum>(A)</enum><text>the status and
progress of the Initiative, including a report from the Advisory Committee on
whether funds appropriated for the Initiative have been distributed and used in
a manner that—</text>
<clause id="H9A5A4A68F99F4AECB12C3140D3C6B851"><enum>(i)</enum><text>is
consistent with the objectives, purposes, and additional considerations
described in paragraphs (2) through (5) of subsection (g);</text>
</clause><clause id="H2FB344B7181F437189CAD0E8BEF7795B"><enum>(ii)</enum><text display-inline="yes-display-inline">uses the set of criteria established in the
initial report submitted under title III of the Agricultural Risk Protection
Act of 2000;</text>
</clause><clause id="H3F45226813F44B8692E4A49FD4FC364"><enum>(iii)</enum><text>achieves the
distribution of funds described in subparagraphs (B) and (C) of subsection
(g)(7); and</text>
</clause><clause id="H455051E220F64EEE883167ED66F2AB74"><enum>(iv)</enum><text>takes into
account any recommendations that have been made by the Advisory
Committee;</text>
</clause></subparagraph><subparagraph id="H77C7FEA592964117ADF5A3E3869DB59C"><enum>(B)</enum><text>the general status
of cooperation and research and development efforts carried out at each agency
with respect to biobased fuels and biobased products, including a report from
the Advisory Committee on whether the points of contact are funding proposals
that are selected under subsection (g)(3)(B)(iii); and</text>
</subparagraph><subparagraph id="H1D36AC570CA346BC8643BC42AA783457"><enum>(C)</enum><text>the plans of the
Secretary of Energy and the Secretary of Agriculture for addressing concerns
raised in the report, including concerns raised by the Advisory
Committee.</text>
</subparagraph></paragraph><paragraph id="HBE5F9698E95343ED8EAF0038BD003C4F"><enum>(2)</enum><header>Updates</header><text>The
Secretary and the Secretary of Energy shall update the Vision and Roadmap
documents prepared for Federal biomass research and development
activities.</text>
</paragraph><paragraph id="H52BEA44A58364F7A83206E788E7089E9"><enum>(3)</enum><header>Management
plan</header><text>The Secretary shall every five years, in consultation with
the Secretary of Energy, submit to Congress a detailed management plan for the
implementation of this section. The management plan shall include—</text>
<subparagraph commented="no" id="H8E9B1AB2F68F48449E006D4D21620319"><enum>(A)</enum><text>consideration of
the contribution of the section towards achieving the objectives referred to in
paragraphs (2) and (3) of subsection (g) and in achieving the goals of the
biomass program of the Department of Energy;</text>
</subparagraph><subparagraph id="H8866357C6C2942BA80D3429E978B1E67"><enum>(B)</enum><text>consideration of
input solicited from the Advisory Committee, State, and private sources;
and</text>
</subparagraph><subparagraph id="H2787974FE3DB4C7A8524FB712B03200"><enum>(C)</enum><text>specific and
quantifiable near and long-term goals.</text>
</subparagraph></paragraph></subsection><subsection display-inline="no-display-inline" id="HEF161E7EFFE84053B2EEA1DB04EA6EF1"><enum>(j)</enum><header>Funding</header>
<paragraph id="H36F79CEB10ED4546A778FAA08480D5B5"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Of the funds of the
Commodity Credit Corporation, the Secretary of Agriculture shall make available
to carry out this section—</text>
<subparagraph id="H797372F97BC445FE9C1339AF00D114CC"><enum>(A)</enum><text>$35,000,000 for
fiscal year 2008;</text>
</subparagraph><subparagraph id="HE06EB8C798EF457FB56DB593EFB7F6A5"><enum>(B)</enum><text>$60,000,000 for
fiscal year 2009;</text>
</subparagraph><subparagraph id="H87D2AD8D34DC4370ADBB55CD028FEC96"><enum>(C)</enum><text>$75,000,000 for
fiscal year 2010;</text>
</subparagraph><subparagraph id="HB21ECA5E1C1B460CB4CA0798CCBE5D8B"><enum>(D)</enum><text>$100,000,000 for
fiscal year 2011; and</text>
</subparagraph><subparagraph id="HC5DC0003186140A185DBA76F56CD1BAA"><enum>(E)</enum><text>$150,000,000 for
fiscal year 2012.</text>
</subparagraph></paragraph><paragraph id="H924BF6977E2645DFA48800EC50DB373D"><enum>(2)</enum><header>Additional
funding</header><text>In addition to amounts transferred under paragraph (1),
there are authorized to be appropriated to carry out this section $200,000,000
for each of fiscal years 2006 through
2015.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HEA7A6309C9CD4BF39018B7AA0098262C"><enum>(b)</enum><header>Repeal</header><text>Title
III of the Agricultural Risk Protection Act of 2000 (Public Law 106–224; 7
U.S.C. 8601 et seq.) is hereby repealed.</text>
</subsection><subsection id="HE30BF5F6138249C9BDF4A80001BD9DB7"><enum>(c)</enum><header>Management plan
submission date</header><text>The first management plan required to be
submitted under section 9008(i)(3) of the Biomass Research and Development Act
of 2000, as added by subsection (a), shall be submitted not later than 180 days
after the date of the enactment of this Act.</text>
</subsection></section><section id="HEDE5AD7510F4448381F5ED357C49255"><enum>504.</enum><header>Forest bioenergy
research program</header><text display-inline="no-display-inline">Title IX of
the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8101 et seq.) is
further amended by adding at the end the following new section:</text>
<quoted-block id="HF191EF67751347C7B6EDA24AA0009CE" style="OLC">
<section id="HA0E7C926C62B45968E4089554D75DF57"><enum>9013.</enum><header>Forest
bioenergy research program</header>
<subsection id="HA57B0F7E2A4F43F6AF229BB1547D9F58"><enum>(a)</enum><header>In
General</header><text>The Secretary of Agriculture, working through the Forest
Service, in cooperation with other Federal agencies, land grant colleges and
universities, and private entities, shall conduct a competitive research and
development program to encourage new forest-to-energy technologies. The
Secretary may use grants, cooperative agreements, and other methods to partner
with cooperating entities on projects that the Secretary determines shall best
promote new forest-to-energy technologies.</text>
</subsection><subsection id="H290CCC76580E4A15B7FFF50563E67898"><enum>(b)</enum><header>Priority for
Project Selection</header><text>The Secretary shall give priority to projects
that—</text>
<paragraph id="H992579D85FE843848B7118D099F6E25"><enum>(1)</enum><text>develop technology
and techniques to use low value forest materials, such as byproducts of forest
health treatments and hazardous fuel reduction, for the production of
energy;</text>
</paragraph><paragraph id="HBFF140E8958B4D70A773E4E2061748D"><enum>(2)</enum><text>develop processes
for the conversion of cellulosic forest materials that integrate production of
energy into existing manufacturing steams or in integrated forest
biorefineries;</text>
</paragraph><paragraph id="HD9347761809D40CA9B258B246CF48BED"><enum>(3)</enum><text>develop new
transportation fuels that use forest materials as a feedstock for the
production of such fuels; or</text>
</paragraph><paragraph id="HBF07A4CA591641DBAB485DDB90233B25"><enum>(4)</enum><text>improve the of
growth and yield of trees for the purpose of renewable energy and other forest
product use.</text>
</paragraph></subsection><subsection id="HAE9FFB144B0C4E6187BAEADE8009C15"><enum>(c)</enum><header>Funding</header><text>Of
the funds of the Commodity Credit Corporation, the Secretary of Agriculture
shall make available to carry out this section—</text>
<paragraph id="H270715B3AE984103007EA6E781AFD2A4"><enum>(1)</enum><text>$4,000,000 for
fiscal year 2008;</text>
</paragraph><paragraph id="H2010FFCF0E6B449391EF6637DF54C453"><enum>(2)</enum><text>$6,000,000 for
fiscal year 2009;</text>
</paragraph><paragraph id="H194421E53B4640BCA4B284086894E4E7"><enum>(3)</enum><text>$7,000,000 for
fiscal year 2010;</text>
</paragraph><paragraph id="HAC20D9DC937A4A23BE570934C6E4DF9D"><enum>(4)</enum><text>$9,000,000 for
fiscal year 2011; and</text>
</paragraph><paragraph id="H4FF57223063245848695A932516160B7"><enum>(5)</enum><text>$10,000,000 for
fiscal year
2012.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="H7E90EC10E4FC4BFBA180C99ED2D08AE"><enum>505.</enum><header>Early action
renewable fuel marketing</header>
<subsection id="HD396ED7078E448059EE52CB627D9B518"><enum>(a)</enum><header>Administration</header><text display-inline="yes-display-inline">Section 211(o)(5) of the Clean Air Act (as
amended by by Public Law 110–140) is amended by adding the following new
subparagraph at the end thereof:</text>
<quoted-block display-inline="no-display-inline" id="HCFCB002A20A2400E86E4A8E2D221B219" style="OLC">
<subparagraph id="H72A632D83396462EACC05C506E1065E6"><enum>(E)</enum><header>Use of early
renewable fuel credits for advanced biofuel</header><text display-inline="yes-display-inline">Any person who generates credits for
renewable fuel that exceed it annual obligation for renewable fuel and its
obligation for renewable fuel during the 12 month period specified in
subparagraph (C) may retain such credits and use the credits (on a volume
equivalent basis) for the purpose of complying with such person’s obligation
under paragraph (2) with respect to advanced biofuel in any future year
(notwithstanding the 12-month limitation referred to in subparagraph
(C)).</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H37F112A2BBFA4C13B9BCAB1518EA5D62"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by subsection (a) shall take effect on
January 1, 2009.</text>
</subsection></section><enum>VI</enum><header>Alternative
Vehicle Fuels</header>
<section display-inline="no-display-inline" id="H4312B115C972473FBD2CC6E0828F48B" section-type="subsequent-section"><enum>601.</enum><header>Credit for plug-in
hybrid vehicles</header>
<subsection id="H7C936B1A8A344EE096A7CC6EB1CADEB"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Subpart B of part IV
of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to
other credits), as amended by this Act, is amended by adding at the end the
following new section:</text>
<quoted-block display-inline="no-display-inline" id="H6FB993F16B654F218698469F7DF0065C" style="OLC">
<section id="HB31A4E82126D42A588AF6172BD82A7C1"><enum>30E.</enum><header>Plug-in hybrid
vehicles</header>
<subsection id="HA2B6F274D92B438082E49449DDB2DEE0"><enum>(a)</enum><header>Allowance of
credit</header><text display-inline="yes-display-inline">There shall be allowed
as a credit against the tax imposed by this chapter for the taxable year an
amount equal to the cost of any qualified plug-in hybrid vehicle placed in
service by the taxpayer during the taxable year.</text>
</subsection><subsection id="HF19A2075DCCC493E9D22A891FA6B829F"><enum>(b)</enum><header>Limitations</header>
<paragraph id="H749DDF75C68C4F2BA5413665BF517CBC"><enum>(1)</enum><header>Limitation per
vehicle</header><text>The amount of the credit allowed under subsection (a) for
any vehicle shall not exceed the sum of—</text>
<subparagraph id="H12DE32E800574E53B97F3E1B06B3C582"><enum>(A)</enum><text display-inline="yes-display-inline">$4,000 in the case of a plug-in electric
drive vehicle with 4kWh traction battery, and</text>
</subparagraph><subparagraph id="HBD4E7FA5704D434C9060359415C93EA"><enum>(B)</enum><text display-inline="yes-display-inline">$250 for each additional kWh of traction
battery capacity of such vehicle as exceeds 4 kWh but does not exceed 50
kWh.</text>
</subparagraph></paragraph><paragraph id="H6AFBD1F561804B888742CD06984AE00"><enum>(2)</enum><header>Application with
other credits</header>
<subparagraph commented="no" id="H99F7A798B7FC4154A8E09F4F825D84F0"><enum>(A)</enum><header>Business credit
treated as part of general business credit</header><text display-inline="yes-display-inline">So much of the credit which would be
allowed under subsection (a) for any taxable year (determined without regard to
this paragraph) that is attributable to property of a character subject to an
allowance for depreciation shall be treated as a credit listed in section 38(b)
for such taxable year (and not allowed under subsection (a)).</text>
</subparagraph><subparagraph id="HEC223DEAFC6346AABA9CA29C6476C0DF"><enum>(B)</enum><header>Personal
credits</header><text>The credit allowed by subsection (a) for any taxable year
shall not exceed the excess (if any) of—</text>
<clause id="H57D434B7244E47B387474B59DC752058"><enum>(i)</enum><text display-inline="yes-display-inline">the sum of the regular tax liability (as
defined in section 26(b)) plus the tax imposed by section 55, over</text>
</clause><clause id="H5F2CCC3F720B406A8600E289CB3261E6"><enum>(ii)</enum><text>the sum of the
credits allowable under subpart A and subpart B (other than this
section).</text>
</clause></subparagraph></paragraph></subsection><subsection id="H632A013309BA4673BE616881116CDF3"><enum>(c)</enum><header>Qualified plug-In
hybrid vehicle</header><text>For purposes of this section—</text>
<paragraph id="H269EAFC352DA46019EA94C551C2D002D"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The term
<term>qualified plug-in hybrid vehicle</term> means a motor vehicle (as defined
in section 30(c)(2))—</text>
<subparagraph id="H7E2486B0A8E542819B9D5FD62FFD6B52"><enum>(A)</enum><text>the original use
of which commences with the taxpayer,</text>
</subparagraph><subparagraph id="HDB129757C1584EFBAFF72B944100A7F7"><enum>(B)</enum><text>which is acquired
for use or lease by the taxpayer and not for resale,</text>
</subparagraph><subparagraph id="H5AB5762DCD3941C6BDB91AFD25DD0"><enum>(C)</enum><text>which is made by a
manufacturer,</text>
</subparagraph><subparagraph id="H5B7EBAFDB724448CAADB3400CFBF9B9B"><enum>(D)</enum><text display-inline="yes-display-inline">which has received a certificate of
conformity under the Clean Air Act, and</text>
</subparagraph><subparagraph id="H761B2352332D4241BBC9D3C6423E00C5"><enum>(E)</enum><text display-inline="yes-display-inline">which has not less than 2 onboard sources
of stored energy, different in character from each other, from which to draw
propulsion energy, where—</text>
<clause id="H39D23D9CBE6E4B9291415C9755A7E67D"><enum>(i)</enum><text>at
least 1 of such sources is energized by plugging into an external source of
electric power, and</text>
</clause><clause id="H0CD94E152B3F44B4B84C6931CD66800"><enum>(ii)</enum><text display-inline="yes-display-inline">at least 1 of such sources is energized
from an internal combustion engine, fuel cell, or other means, and such
source—</text>
<subclause id="HD7D1CC024753477A81D0762BA020249"><enum>(I)</enum><text>is utilized to
provide mechanical propulsion to the vehicle, or</text>
</subclause><subclause id="H635A7C220244404B8DFA82B4B205CB1C"><enum>(II)</enum><text display-inline="yes-display-inline">is used to recharge the battery as an
on-board recharging system that is used to maintain charge to the
battery.</text>
</subclause></clause></subparagraph></paragraph><paragraph id="H96B828FC400E40FFBA295B35C819E03D"><enum>(2)</enum><header>Exception</header><text display-inline="yes-display-inline">The term <term>qualified plug-in hybrid
vehicle</term> shall not include any vehicle which is not a passenger
automobile or light truck if such vehicle has a gross vehicle weight rating of
less than 8,500 pounds.</text>
</paragraph><paragraph id="H87FD0612B1324F3883E39E583454E96F"><enum>(3)</enum><header>Other
terms</header><text display-inline="yes-display-inline">The terms “automobile”,
“passenger automobile”, “light truck”, and “manufacturer” have the meanings
given such terms in regulations prescribed by the Administrator of the
Environmental Protection Agency for purposes of the administration of title II
of the Clean Air Act (42 U.S.C. 7521 et seq.).</text>
</paragraph><paragraph id="HD7B268F62D5F466B97862D00007B9F17"><enum>(4)</enum><header><enum-in-header>kWh</enum-in-header>
traction battery capacity</header><text display-inline="yes-display-inline">The
term <term>kWh traction battery capacity</term> means the size of an electro
chemical storage device, expressed in kWh, as measured from a 100 percent state
of charge to 0 percent state of charge.</text>
</paragraph></subsection><subsection id="HC445BA460C3D492492000934F3800093"><enum>(d)</enum><header>Special
rules</header>
<paragraph id="H25670FE07A86406BB13CF250049E01AD"><enum>(1)</enum><header>Basis
reduction</header><text>The basis of any property for which a credit is
allowable under subsection (a) shall be reduced by the amount of such credit
(determined without regard to subsection (b)(2)).</text>
</paragraph><paragraph id="H3A3DEEB4EF524508B622A7BC88D33E00"><enum>(2)</enum><header>Recapture</header><text>The
Secretary shall, by regulations, provide for recapturing the benefit of any
credit allowable under subsection (a) with respect to any property which ceases
to be property eligible for such credit.</text>
</paragraph><paragraph id="HE5F6945D4DD044228542F12DCEA60B5"><enum>(3)</enum><header>Property used
outside United States, etc., not qualified</header><text>No credit shall be
allowed under subsection (a) with respect to any property referred to in
section 50(b) or with respect to the portion of the cost of any property taken
into account under section 179.</text>
</paragraph><paragraph id="HCE2A6F9E0F0A44E297000021304B6F6F"><enum>(4)</enum><header>Denial of double
benefit</header><text display-inline="yes-display-inline">No credit shall be
allowed under this section with respect to a vehicle if a credit or deduction
is allowed with respect to such vehicle under any other provision of this
title.</text>
</paragraph><paragraph id="H1C815BBDC0B44AB8835C8467DF4D943D"><enum>(5)</enum><header>Election not to
take credit</header><text>No credit shall be allowed under subsection (a) for
any vehicle if the taxpayer elects to not have this section apply to such
vehicle.</text>
</paragraph><paragraph id="HAA8A63D98EA0463880B732E1DACE6CC"><enum>(6)</enum><header>Property used by
tax-exempt entity; interaction with air quality and motor vehicle safety
standards</header><text>Rules similar to the rules of paragraphs (6) and (10)
of section 30B(h) shall apply for purposes of this section.</text>
</paragraph></subsection><subsection id="H9615E3142609421C836E984558480006"><enum>(e)</enum><header>Termination</header><text>This
section shall not apply to any property placed in service after December 31,
2014.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H45AD0E8BC75D4942A1F2B5DF1F4E9498"><enum>(b)</enum><header>Plug-in hybrid
vehicles not counted toward limitation on number of new qualified hybrid
vehicles eligible for <enum-in-header>30B
</enum-in-header>credit</header><text>Section 30B(f)(5) of such Code (defining
qualified vehicle) is amended by adding at the end the following new sentence:
<quote>Such term shall not include a qualified plug-in hybrid vehicle (as
defined in section 30E(c)).</quote>.</text>
</subsection><subsection commented="no" id="H48E7753E326541E9A43838D874BF5B57"><enum>(c)</enum><header>Credit made part
of general business credit</header><text display-inline="yes-display-inline">Section 38(b) of such Code, as amended by
this Act, is amended by striking ‘‘and’’ at the end of paragraph (31), by
striking the period at the end of paragraph (32) and inserting ‘‘, plus’’, and
by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HAFD1CDCAD19D4638AF34F1700009F9BC" style="OLC">
<paragraph commented="no" id="H7852775985274952832BBD7714F1F726"><enum>(33)</enum><text display-inline="yes-display-inline">the portion of the plug-in hybrid vehicle
credit to which section 30E(b)(2)(A)
applies.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H459A332B7CB44D71A22D8B9760C62867"><enum>(d)</enum><header>Conforming
amendment</header><text>Section 6501(m) of such Code is amended by inserting
<quote>30E(d)(5),</quote> after <quote>30D(e)(5),</quote>.</text>
</subsection><subsection id="HAC35F9863F254CBE009781780218F5E"><enum>(e)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2007.</text>
</subsection></section><section id="H40213400C47741CF84064BEBEDAFEE37"><enum>602.</enum><header>Use of
credits</header><text display-inline="no-display-inline">Section 312(b) of the
Energy Policy Act of 1992 (42 U.S.C. 13220(b)) is amended—</text>
<paragraph id="H71B890E84D7B4245826BB36C7DC0EEB5"><enum>(1)</enum><text>by striking
<quote>(b) <header-in-text level="subsection" style="OLC">Use of
credits</header-in-text>.—</quote> and all that follows through <quote>At the
request</quote> and inserting <quote>(b)
<header-in-text level="subsection" style="OLC">Use of
credits.—</header-in-text>At the request</quote>; and</text>
</paragraph><paragraph id="H3F399F1EB1DF441AB32588F34E028C49"><enum>(2)</enum><text>by striking
paragraph (2).</text>
</paragraph></section><enum>VII</enum><header>Offshore oil and
gas leasing</header>
<section id="H4E47A50DB52442C8B9CB34B527B258E"><enum>701.</enum><header>Termination of
prohibitions on expenditures for, and withdrawals from, offshore
leasing</header>
<subsection id="HC6A32F28AE5943BF85B05913BDFCA216"><enum>(a)</enum><header>Prohibitions on
expenditures</header><text display-inline="yes-display-inline">All provisions
of Federal law that prohibit the expenditure of appropriated funds to conduct
oil or natural gas leasing and preleasing activities for any area of the Outer
Continental Shelf shall have no force or effect with respect to such
activities.</text>
</subsection><subsection id="H05A4B35C13A047B2A50033E83713BE99"><enum>(b)</enum><header>Revocation
withdrawals</header><text>All withdrawals of Federal submerged lands of the
Outer Continental Shelf from leasing, including withdrawals by the President
under the authority of section 12(a) of the Outer Continental Shelf Lands Act
(43 U.S.C. 1341(a)), are hereby revoked and are no longer in effect with
respect to the leasing of areas for exploration for, and development and
production of, oil and natural gas.</text>
</subsection></section><section id="HC2BD4BBECE624E7B9F2DC707DEC46197"><enum>702.</enum><header>Outer
Continental Shelf leasing program</header><text display-inline="no-display-inline">The Outer Continental Shelf Lands Act (43
U.S.C. 1331 et seq.) is amended by inserting after section 9 the
following:</text>
<quoted-block display-inline="no-display-inline" id="HC42DBA5BBD97457EADF0F6EB25DA9271" style="OLC">
<section id="H96C85D138EF44E2E8C9B85EA091D4EB0"><enum>10.</enum><header>Moratoria area
and State approval requirement with respect to oil and natural gas
leasing</header>
<subsection id="H3DAF3E45F8A640D592E600236C95A76E"><enum>(a)</enum><header>Buffer
zone</header><text display-inline="yes-display-inline">The Secretary may not
grant any oil or natural gas lease for any area of the outer Continental Shelf
that is located within 25 miles of the coastline of a State.</text>
</subsection><subsection id="H146A55F9C602419D8228898009E57E8D"><enum>(b)</enum><header>State approval
requirement</header>
<paragraph id="HBD7EA382A7364FDD9EF27F32BA578E8"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary may not
issue any lease authorizing exploration for, or development of, natural gas in
any area of the outer Continental Shelf that is located within 50 miles of the
coastline of a State unless the State has enacted a law approving of the
issuance of such leases by the Secretary.</text>
</paragraph><paragraph id="HAC34CF4B60764F7C9625E1558DE25F64"><enum>(2)</enum><header>State approval
permanent</header><text>Repeal of such a law by a State shall have no effect
for purposes of paragraph (1).</text>
</paragraph></subsection><subsection id="HF8A11235326C4C7585C7CF1309C1523C"><enum>(c)</enum><header>State
disapproval authority</header>
<paragraph id="HCE3E70143F154266A5A5378870054E4"><enum>(1)</enum><header>In
general</header><text>The Secretary may not issue any lease authorizing
exploration for, or development of, oil or natural gas in any area of the outer
Continental Shelf that is located more than 50 miles and less than 100 miles
from the coastline of a State if the State has enacted a law disapproving of
the issuance of such leases by the Secretary.</text>
</paragraph><paragraph id="HD8FD3108D63D4441A7A45C98253290AE"><enum>(2)</enum><header>Requirements for
State law</header><text>A law enacted by a State for purposes of paragraph
(1)—</text>
<subparagraph id="H53AD69E5D00445929DCB251D00B4CE7"><enum>(A)</enum><text>shall have no force
or effect for purposes of paragraph (1) unless first enacted by the State
within the one-year period beginning on the date of the enactment of the
<short-title>National Environment and Energy Development
Act</short-title>; and</text>
</subparagraph><subparagraph id="HEE9C6D403C6C42B89FADE198D2D1C50"><enum>(B)</enum><text>shall have no force
or effect for purposes of paragraph (1) after the end of the 2-year period
beginning on the date it first takes effect, unless the State, in the 2-year
period preceding the application of the law for purposes of paragraph (1),
enacted legislation extending the effectiveness of the
law.</text>
</subparagraph></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="H38B4CC1C55E842BA9100CCEA023161BE"><enum>703.</enum><header>Sharing of
revenues</header>
<subsection id="HEA192B217F6443D8B5459E10C4E85B00"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 8(g) of the
Outer Continental Shelf Lands Act (43 U.S.C. 1337(g)) is amended—</text>
<paragraph id="HC735B6ACC7574A0E80CAB063591F002F"><enum>(1)</enum><text>in paragraph (2)
by striking <quote>Notwithstanding</quote> and inserting <quote>Except as
provided in paragraph (6), and notwithstanding</quote>;</text>
</paragraph><paragraph id="H3A67AB3C2E51492A90EAA7CECECC5CA5"><enum>(2)</enum><text>by redesignating
paragraphs (6) and (7) as paragraphs (8) and (9); and</text>
</paragraph><paragraph id="H7455E9AC309F434F8C1E5200E0B7BBF1"><enum>(3)</enum><text>by inserting after
paragraph (5) the following:</text>
<quoted-block display-inline="no-display-inline" id="H185D44396BC6451485E4412979C09355" style="OLC">
<paragraph id="HF63BD5DBCA0D4A628FD5007948D08E91"><enum>(6)</enum><header>Bonus bids and
royalties under qualified oil and gas leases</header>
<subparagraph id="HC3341B4F253C43B28450B2D3963CB0C8"><enum>(A)</enum><header>New oil and gas
leases</header><text>Of amounts received by the United States as bonus bids and
royalties under any qualified oil or gas lease on submerged lands that are
located within the seaward boundaries of a State established under section
4(a)(2)(A)—</text>
<clause id="HA6D6B786EC8441FD868DADFBEEE00B7"><enum>(i)</enum><text>37.5 percent shall
be paid to the States that are producing States with respect to those submerged
lands; and</text>
</clause><clause id="HA1FC38DCE225492AB4BF78B700FBD28"><enum>(ii)</enum><text display-inline="yes-display-inline">the remainder shall be transferred to the
American-Made Energy Trust Fund established by section 9511 of the Internal
Revenue Code of 1986.</text>
</clause></subparagraph><subparagraph id="H83AB204127344B3C812D0027A90012C1"><enum>(B)</enum><header>Leased tract
that lies partially within the seaward boundaries of a State</header><text>In
the case of a leased tract that lies partially within the seaward boundaries of
a State, the amounts of bonus bids and royalties from such tract that are
subject to subparagraph (A) with respect to such State shall be a percentage of
the total amounts of bonus bids and royalties from such tract that is
equivalent to the total percentage of surface acreage of the tract that lies
within such seaward boundaries.</text>
</subparagraph><subparagraph id="H3847F733B3824AF090BBE2DAA0D8CB9D"><enum>(C)</enum><header>Use of payments
to States</header><text>Amounts paid to a State under subparagraph (A)(ii)
shall be used by the State for one or more of the following:</text>
<clause id="H9282FCD2E7644FC6AEE804C0B28561C"><enum>(i)</enum><text>Education.</text>
</clause><clause id="H78467428193C48208CCB8616DE1E502D"><enum>(ii)</enum><text>Transportation.</text>
</clause><clause id="H2698A87CEE9E43CFAACA3BD498C96800"><enum>(iii)</enum><text>Reducing
taxes.</text>
</clause><clause id="H3C3E4480646248B3994B4054E402C79"><enum>(iv)</enum><text>Coastal and
environmental restoration.</text>
</clause><clause id="H30DCB164E733421A921DDF78576C3833"><enum>(v)</enum><text>Energy
infrastructure and projects.</text>
</clause><clause id="HDB33176B42694EDDA29FCCA04DEDF742"><enum>(vi)</enum><text>State seismic
monitoring programs.</text>
</clause><clause id="H577245370D3C46DE878D8407772E873F"><enum>(vii)</enum><text>Alternative
energy development.</text>
</clause><clause id="H2432EF20AE444926AE2D73D71EB7369"><enum>(viii)</enum><text>Energy
efficiency and conservation.</text>
</clause><clause id="H4AC7DD394537465A87DE340094CA00AA"><enum>(ix)</enum><text>Hurricane and
natural disaster insurance programs.</text>
</clause><clause id="HD920C384245C465291FC54B7823BF8FB"><enum>(x)</enum><text>Any other purpose
determined by State law.</text>
</clause></subparagraph><subparagraph id="H1A5214DDE92C475C8CB300ED4039188B"><enum>(D)</enum><header>Definitions</header><text>In
this paragraph:</text>
<clause id="H2B6137E1A8124EBCAB9C583397B6576C"><enum>(i)</enum><header>Adjacent
State</header><text display-inline="yes-display-inline">The term <term>adjacent
State</term> means, with respect to any program, plan, lease sale, leased tract
or other activity, proposed, conducted, or approved pursuant to the provisions
of this Act, any State the laws of which are declared, pursuant to section
4(a)(2), to be the law of the United States for the portion of the outer
Continental Shelf on which such program, plan, lease sale, leased tract, or
activity appertains or is, or is proposed to be, conducted.</text>
</clause><clause id="H68EE732BB51245C0B6C2C2CA3CC6022F"><enum>(ii)</enum><header>Adjacent
zone</header><text>The term <term>adjacent zone</term> means, with respect to
any program, plan, lease sale, leased tract, or other activity, proposed,
conducted, or approved pursuant to the provisions of this Act, the portion of
the outer Continental Shelf for which the laws of a particular adjacent State
are declared, pursuant to section 4(a)(2), to be the law of the United
States.</text>
</clause><clause id="H81A0A379B5684795BC8BCF9C16BBC405"><enum>(iii)</enum><header>Producing
state</header><text>The term <term>producing State</term> means an Adjacent
State having an adjacent zone containing leased tracts from which are derived
bonus bids and royalties under a lease under this Act.</text>
</clause><clause id="HC4D73375E8CA4DE6A90666EEDC4CAE6E"><enum>(iv)</enum><header>State</header><text>The
term <term>State</term> includes Puerto Rico and the other Territories of the
United States.</text>
</clause><clause id="H81FDAE9C16B54C4381D54F3E4CB9C76"><enum>(v)</enum><header>Qualified gas
lease</header><text>The term <term>qualified oil or gas lease</term> means a
lease under this Act granted after the date of the enactment of the
<short-title>National Environment and Energy Development
Act</short-title> that authorizes development and production of oil or natural
gas and associated condensate.</text>
</clause></subparagraph><subparagraph id="H51D611F7596E43C78DA0C91696A183FF"><enum>(E)</enum><header>Application</header><text display-inline="yes-display-inline">This paragraph shall apply to bonus bids
and royalties received by the United States after September 30, 2007.</text>
</subparagraph></paragraph><paragraph id="H2C9B27BE6BF0454AAE0000FA70A866A"><enum>(7)</enum><header>Maintenance of
effort by States</header><text>The Secretary of the Interior shall ensure that
financial assistance provided to a State for any purpose with amounts made
available under this subsection supplement, and do not replace, the amounts
expended by the State for that purpose before the date of the enactment of this
paragraph.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H3F5B76C680B5460B94F1D427B31457D2"><enum>(b)</enum><header>Establishment of
State seaward boundaries</header><text>Section 4(a)(2)(A) of the Outer
Continental Shelf Lands Act (43 U.S.C. 1333(a)(2)(A)) is amended in the first
sentence by striking <quote>, and the President</quote> and all that follows
through the end of the sentence and inserting the following: <quote>. Such
extended lines are deemed to be as indicated on the maps for each Outer
Continental Shelf region entitled <quote>Alaska OCS Region State Adjacent Zone
and OCS Planning Areas</quote>, <quote>Pacific OCS Region State Adjacent Zones
and OCS Planning Areas</quote>, <quote>Gulf of Mexico OCS Region State Adjacent
Zones and OCS Planning Areas</quote>, and <quote>Atlantic OCS Region State
Adjacent Zones and OCS Planning Areas</quote>, all of which are dated September
2005 and on file in the Office of the Director, Minerals Management Service.
The preceding sentence shall not apply with respect to the treatment under
section 105 of the Gulf of Mexico Energy Security Act of 2006 (title I of
division C of Public Law 109–432) of qualified outer Continental Shelf revenues
deposited and disbursed under subsection (a)(2) of that
section.</quote>.</text>
</subsection></section><enum>VIII</enum><header>Increasing
nuclear generated electric energy</header>
<section id="H266B23EC2EBA4A04B481379D637B3C35"><enum>801.</enum><header>Increasing
nuclear generated electric energy</header><text display-inline="no-display-inline">Notwithstanding any other provision of law,
the President is authorized to take such steps as are necessary to increase the
share of electricity generated from nuclear power to 40 percent of the total
domestic generation by the year 2050.</text>
</section>