110 HR 6868 IH: Declaring a Change in our Operating System for
U.S. House of Representatives
2008-09-10
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.Short title; table of
contents
(a)This Act may be cited
as the Energy View Into Securing
Independence for Our Nation Act
.
(b)The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Findings.
Title I—Energy Vision
Sec. 101. Prize for development of an alternative fuel for
aviation.
Sec. 102. Prize for development of vehicle fuel efficiencies
and alternative fuel sources with applications for surface transportation
vehicles.
Sec. 103. Grant for anti-idling power unit research
program.
Sec. 104. Extension and modification of credit for clean
renewable energy bonds.
Sec. 105. Reestablishing FutureGen to develop a clean coal
power plant and advance carbon sequestration.
Sec. 106. Funding for research and development.
Sec. 107. Various tax extenders and new credits.
Sec. 108. Extension and modification of renewable energy
production tax credit.
Sec. 109. Extension and modification of residential energy
efficient property credit.
Sec. 110. Extension and modification of credit for energy
efficiency improvements to existing homes.
Sec. 111. Extension and modification of tax credit for energy
efficient new homes.
Sec. 112. Energy Frontier Research Centers.
Sec. 113. Energy Vision Commission.
Sec. 114. Automobile efficiency upgrade credit.
Title II—Funding Through Domestic Production
Sec. 201. Energy VISION Fund.
Subtitle A—Outer Continental Shelf
Sec. 211. Terminating laws prohibiting Federal spending for
Outer Continental Shelf leasing activities.
Sec. 212. Revocation of existing Presidential
withdrawals.
Sec. 213. Revocation of existing Presidential
authority.
Sec. 214. Availability of certain areas for
leasing.
Subtitle B—Drilling for Energy in the Arctic Now
Sec. 221. Definitions.
Sec. 222. Leasing program for lands within the Coastal
Plain.
Sec. 223. Lease sales.
Sec. 224. Grant of leases by the Secretary.
Sec. 225. Lease terms and conditions.
Sec. 226. Coastal Plain environmental protection.
Sec. 227. Expedited judicial review.
Sec. 228. Federal and State distribution of
revenues.
Sec. 229. Rights-of-way across the Coastal Plain.
Sec. 230. Conveyance.
Sec. 231. Local government impact aid and community service
assistance.
Subtitle C—Nuclear Energy
Sec. 241. Short title.
Sec. 242. Hearings under Atomic Energy Act of 1954.
Subtitle D—Coal-To-Liquids
Sec. 251. Standby loans for qualifying coal-to-liquids
projects.
2.The Congress finds that—
(1)the United States possesses the capability
of innovation and sufficient domestic resources to achieve energy independence
in 15 years;
(2)Americans are
paying on average nearly $4 per gallon of gasoline, near the highest average
price in American history;
(3)some foreign
countries are using control measures to hold prices artificially low for their
consumers;
(4)the countries
employing such controls represent more than 40 percent of world demand for
oil;
(5)increased prices
have the effect of dampening demand, as has been seen in the United States over
the past year;
(6)consumers in
foreign countries with price controls on retail gasoline currently are not able
to appreciate the true cost of gasoline;
(7)the removal of
price controls in foreign countries would have the effect of allowing consumers
in those countries to realize the worldwide market pressure of their
demand;
(8)decreased demand
worldwide would have the effect of decreasing upward price pressures on the
finite world supply of oil;
(9)price controls on
retail gasoline in other foreign countries are increasing the burden of energy
prices on American families; and
(10)the Congress
should consider the existence of artificially low prices for retail gasoline in
foreign countries when formulating legislation regarding the energy policy of
the United States.
<enum>I</enum><header>Energy
Vision</header>
<section id="H9D63D76115C3421A871BC493CCF279BC"><enum>101.</enum><header>Prize for
development of an alternative fuel for aviation</header>
<subsection id="H147145CC2432424C8C00E0CC5E68D6A"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary of
Energy shall consult with the Secretary of Transportation and the Director of
the National Science Foundation to facilitate a competition to develop a direct
drop-in replacement fuel for aviation.</text>
</subsection><subsection id="H1CEE4460AEF34CD7AFB72C7D11571881"><enum>(b)</enum><header>Announcement;
regulation</header><text display-inline="yes-display-inline">The Secretary
shall announce the competition in the Federal Register and shall by regulation
facilitate the competition, including provision for—</text>
<paragraph id="HD278D07BB1C04E5AABA9FA1D5FD50068"><enum>(1)</enum><text>criteria to
evaluate applicants, including—</text>
<subparagraph id="H499199DE55894798806EDC7100AE8869"><enum>(A)</enum><text>the potential for
reducing our reliance on foreign sources of energy;</text>
</subparagraph><subparagraph id="H9AEA40A69D5E400998636D4800FE3995"><enum>(B)</enum><text>reducing
emissions;</text>
</subparagraph><subparagraph id="H2F696F9A0244435A00FA152091911B60"><enum>(C)</enum><text>providing enhanced
stability to the airline industry; and</text>
</subparagraph><subparagraph id="H5AFD5189CCDF4CF29D00A2F5C3FABE7F"><enum>(D)</enum><text>reducing fuel
costs;</text>
</subparagraph></paragraph><paragraph id="H604A246EB28E494788A1BED64417D26F"><enum>(2)</enum><text>a
prize of $177,600,000 for the development of a direct drop-in replacement fuel
for commercial aviation;</text>
</paragraph><paragraph id="HE31AA1486FCE40ADA20031CC00E97F00"><enum>(3)</enum><text>as many as five
other smaller prizes as the Secretary determines to reward, with a collective
value of no more than $100,000,000 for—</text>
<subparagraph id="H562036F7AF25499391D5B61FA6514EB1"><enum>(A)</enum><text>advancements in
technologies, components, and systems;</text>
</subparagraph><subparagraph id="H20E9353BE5324CD89F276BD6A1784EAC"><enum>(B)</enum><text>prototypes;
or</text>
</subparagraph><subparagraph id="H180EF4F21C6F4369B9838C3BB800F91B"><enum>(C)</enum><text>transformational
changes in technology;</text>
</subparagraph></paragraph><paragraph id="H71A6D1ECC1BF41CF0095B008A14EA3F8"><enum>(4)</enum><text>a
panel of 5 expert judges who have no financial interest in, and are not an
employee, officer, director, or agent of, and who have no familial relations
with, any contestant;</text>
</paragraph><paragraph id="HCE807BE8553745AF9019D607EBA1398F"><enum>(5)</enum><text>contestants to be
private individuals that are citizens or resident aliens, or private entities
that are incorporated and maintain a primary place of business in the United
States;</text>
</paragraph><paragraph id="H209ED4ADD72C4A2CAF55B8CB8DB864D9"><enum>(6)</enum><text>the protection of
the intellectual property of contestants; and</text>
</paragraph><paragraph id="HDC5F5F300E324AD4B3B79886656D51"><enum>(7)</enum><text>the
protection of the Federal Government from liability claims.</text>
</paragraph></subsection><subsection id="HDA96C65200C4400F95DC3D7317FBED6"><enum>(c)</enum><header>Participation</header><text display-inline="yes-display-inline">The Secretary shall widely advertise the
competition to encourage participation by individuals, academia, and
industry.</text>
</subsection><subsection id="HC4FDB0F247C8423BBFE8596CB9DE62E"><enum>(d)</enum><header>Reports</header><text display-inline="yes-display-inline">The Secretary shall report annually to
Congress on—</text>
<paragraph id="HAD624F753D1D47FBBD2E025CB85025F7"><enum>(1)</enum><text>any prizes that
have been awarded;</text>
</paragraph><paragraph id="HA7BBF2DBA9E044BBB09D70A75179C01D"><enum>(2)</enum><text>the identity of
prize winners;</text>
</paragraph><paragraph id="HFCC2FAE0593A45CCBD2400D8F3A8A9FC"><enum>(3)</enum><text>the technology
that has won a prize; and</text>
</paragraph><paragraph id="H1EC3003444EE4DC09931C8230FFD383"><enum>(4)</enum><text>the actions that
are being taken toward commercial application of the technology.</text>
</paragraph></subsection><subsection id="HFBE5AFF775C841F4B7815F2BD379434B"><enum>(e)</enum><header>Definition</header><text>For
purposes of this section, the term <term>direct drop-in replacement fuel</term>
means a fuel that can be immediately used as an alternative to current
conventional aviation fuel, without requiring adjustments to the engines or
distribution infrastructure.</text>
</subsection></section><section display-inline="no-display-inline" id="H22A78914232B4C6F9522785DD05BC9D7" section-type="subsequent-section"><enum>102.</enum><header>Prize for
development of vehicle fuel efficiencies and alternative fuel sources with
applications for surface transportation vehicles</header>
<subsection id="HA8EF525A054A491F8B74ACF483C7E2E6"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary of
Energy shall consult with the Secretary of Transportation and the Director of
the National Science Foundation to facilitate a competition to develop a
prototype and manufacturing plan for a plug-in hybrid vehicle, alternative fuel
vehicle, electric vehicle, hydrogen fuel cell vehicle, or other alternative
technology vehicle.</text>
</subsection><subsection id="HC2DF8118C68B412DB49BFFF46C8AA25"><enum>(b)</enum><header>Announcement;
regulation</header><text display-inline="yes-display-inline">The Secretary
shall announce the competition in the Federal Register and shall by regulation
facilitate the competition, including provision for—</text>
<paragraph id="H2259F6EDD98F484089091392C972B58F"><enum>(1)</enum><text>criteria to
evaluate applicants, including—</text>
<subparagraph id="HD6304106E9FC4DAD95949D6E674E1F03"><enum>(A)</enum><text>the potential for
reducing our reliance on foreign sources of energy;</text>
</subparagraph><subparagraph id="H633DDE247B4D4621B2F7D4E4D7C1C189"><enum>(B)</enum><text>reducing
emissions;</text>
</subparagraph><subparagraph id="HDD4D2398D6B443EFA05289E390823E00"><enum>(C)</enum><text>reducing fuel
costs;</text>
</subparagraph><subparagraph id="H451F63B6E16D4705BD5C5120B273889F"><enum>(D)</enum><text display-inline="yes-display-inline">a vehicle that is not more than 10 percent
more expensive than a comparable model vehicle of the same model year,
with—</text>
<clause id="HCB1BEDEE9C5440E9A51B135832E6BD71"><enum>(i)</enum><text>equal
acceleration, horsepower, and top speed performance; and</text>
</clause><clause id="H31DC85C3768C4E90BFBF18ABD8E3511E"><enum>(ii)</enum><text>not
more than 20 percent reduction in cargo space, as compared to a comparable
model vehicle of the same model year;</text>
</clause></subparagraph><subparagraph id="H578F88B3C994446598C1E6CCEDFF07BD"><enum>(E)</enum><text>a vehicle that
meets or exceeds Federal safety standards;</text>
</subparagraph><subparagraph id="HF2CF879E3A074461A5A964963F88C21"><enum>(F)</enum><text>a vehicle that can
travel at least 750 miles between refueling; and</text>
</subparagraph><subparagraph id="H0E96946C0D014047B89619773D2CF743"><enum>(G)</enum><text>possibility of
wide commercial application, not hindered by lack of refueling
infrastructure;</text>
</subparagraph></paragraph><paragraph id="H742F8B3068484934B22ECC1339FAF408"><enum>(2)</enum><text>a
prize of $177,600,000 for the prototype and manufacturing plan;</text>
</paragraph><paragraph id="H20E79B788E914CFC8000E716FB2DA31E"><enum>(3)</enum><text>as many as five
other smaller prizes as the Secretary determines to reward, with a collective
value of no more than $100,000,000 for—</text>
<subparagraph id="HA9147B1169DD4028951DD72F5341073D"><enum>(A)</enum><text>advancements in
technologies, components, and systems;</text>
</subparagraph><subparagraph id="H90255DBACD9042E3937423DD366B7691"><enum>(B)</enum><text>prototypes;
or</text>
</subparagraph><subparagraph id="H6860D1E183FF4E1992AFFBE4C2CED1"><enum>(C)</enum><text>transformational
changes in technology;</text>
</subparagraph></paragraph><paragraph id="HA664E5D308A34D7892DB999C63B1817E"><enum>(4)</enum><text>a
panel of 5 expert judges who have no financial interest in, and are not an
employee, officer, director, or agent of, and who have no familial relations
with, any contestant;</text>
</paragraph><paragraph id="H75A84E3D67C349559F5F2C58A37DE12"><enum>(5)</enum><text>contestants to be
private individuals that are citizens or resident aliens, or private entities
that are incorporated and maintain a primary place of business in the United
States;</text>
</paragraph><paragraph id="H81BD8614517B465F824667BD599C77C"><enum>(6)</enum><text>the protection of
the intellectual property of contestants; and</text>
</paragraph><paragraph id="H5B77AFD4C2D64B2188CA7CFD178E1FA2"><enum>(7)</enum><text>the protection of
the Federal Government from liability claims.</text>
</paragraph></subsection><subsection id="H035581C0929D4B49ABAFDB8BE6A1D1D4"><enum>(c)</enum><header>Participation</header><text display-inline="yes-display-inline">The Secretary shall widely advertise the
competition to encourage participation by individuals, academia, and
industry.</text>
</subsection><subsection id="H17D0B7B56D754D69AFCBA3095D3759D1"><enum>(d)</enum><header>Reports</header><text display-inline="yes-display-inline">The Secretary shall report annually to
Congress on—</text>
<paragraph id="H1BCE743CFE294C8AAC6092C4CE008F84"><enum>(1)</enum><text>any prizes that
have been awarded;</text>
</paragraph><paragraph id="HB8786AAF80FB4EB381009DC4DEE09BE"><enum>(2)</enum><text>the identity of
prize winners;</text>
</paragraph><paragraph id="HDA8FD24E174344FE893F8599714BBDF5"><enum>(3)</enum><text>the technology
that has won a prize; and</text>
</paragraph><paragraph id="H85A1FEDB38E347BDBAF7FE24744CE900"><enum>(4)</enum><text>the actions that
are being taken toward commercial application of the technology.</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="H8C71A6D1FA6F40E7A4D95D05DDC756D" section-type="subsequent-section"><enum>103.</enum><header>Grant for
anti-idling power unit research program</header>
<subsection id="HD88E68F2152D428F9D007CCE854553A6"><enum>(a)</enum><header>Grant</header><text display-inline="yes-display-inline">The Secretary of Transportation may make a
grant to an eligible grantee to establish and operate an anti-idling power unit
research program described in subsection (b).</text>
</subsection><subsection id="H0DC1F766E42342029333ED79EAC21592"><enum>(b)</enum><header>Description</header><text>An
anti-idling power unit research program for which a grant may be made under
this section shall be designed—</text>
<paragraph id="HBB17008E216B4D8F9D78DA856919C804"><enum>(1)</enum><text>to develop an
alternative fuel-powered solid oxide fuel cell power system;</text>
</paragraph><paragraph id="HAF08100813C84090A53F8F643EB54E1C"><enum>(2)</enum><text>to demonstrate
uses of compressed natural gas, liquefied natural gas, liquefied petroleum gas,
hydrogen, and ethanol as alternative fuels;</text>
</paragraph><paragraph id="H48408B34AF2A46909091EBF6AC00E0C5"><enum>(3)</enum><text>to optimize the
use of fuel cell power systems that are capable of being retrofitted into
existing vehicles and incorporated into new vehicle designs;</text>
</paragraph><paragraph id="H56E1916CF5B9412E8B4C865C47B1DA16"><enum>(4)</enum><text>to facilitate
commercial uses of fuel cell power systems in vehicles, such as long-haul
trucks, transit vehicles, and school buses;</text>
</paragraph><paragraph id="HBFB202AA8F7F4785988D5E188EA98467"><enum>(5)</enum><text>to reduce the
Nation's dependence on imported transportation fuels and improve environmental
quality;</text>
</paragraph><paragraph id="HAA99B4FD04BE4D85B060D6ED7842BB8E"><enum>(6)</enum><text>to encourage
further development of the fuel cell industry;</text>
</paragraph><paragraph id="H49DB06EBD4AA43FE9E1DF01E467E79E7"><enum>(7)</enum><text>to develop
technology to use alternative fuels in place of diesel fuel; and</text>
</paragraph><paragraph id="H3E6F01CB048647DBA23BB3D35FDE7CDF"><enum>(8)</enum><text>to reduce
greenhouse gas emissions and energy consumption currently attributed to idling
of commercial vehicles.</text>
</paragraph></subsection><subsection id="H6703F17020544B01A0E31B2F55391400"><enum>(c)</enum><header>Eligible
grantee</header><text display-inline="yes-display-inline">In this section, the
term <term>eligible grantee</term> means an organization that—</text>
<paragraph id="H0971AA04614749348739B9FB5C7500B"><enum>(1)</enum><text display-inline="yes-display-inline">is described in section 501(c)(3) of the
Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of
such Code;</text>
</paragraph><paragraph id="HCF8CAF5B404F4130A75CCF815F4FD1F3"><enum>(2)</enum><text>has performed
energy-related research or energy-related research support activities;
and</text>
</paragraph><paragraph id="HD20841F3CBCD48778EBBB9E32CB523EA"><enum>(3)</enum><text>owns and maintains
a state-of-the-art energy research facility.</text>
</paragraph></subsection><subsection id="HAB6006D12BA847658B6F064EDE7E1FBF"><enum>(d)</enum><header>Application</header><text display-inline="yes-display-inline">To be eligible to receive a grant under
this section, an eligible grantee shall submit an application to the Secretary
at such time, in such manner, and containing such information as the Secretary
may require.</text>
</subsection><subsection id="HBB5D721F632A4111917FA5F9006EAB47"><enum>(e)</enum><header>Reports</header><text display-inline="yes-display-inline">At least once a year, the Secretary shall
submit a report on the projects undertaken and advancements made by the
eligible grantee to which a grant is made under this section to the Committee
on Transportation and Infrastructure of the House of Representatives and the
Committee on Commerce, Science, and Transportation of the Senate.</text>
</subsection><subsection id="HC5205ED959AA40A08932367DA7305FC9"><enum>(f)</enum><header>Authorization of
appropriations</header>
<paragraph id="HA0302892961F48E69707DFB82B3460D6"><enum>(1)</enum><header>In
general</header><text>There is authorized to be appropriated $5,000,000 for
each of the fiscal years 2009 to 2011 to carry out a grant under this
section.</text>
</paragraph><paragraph id="H7C7DB24863BD4DBCAC4C3B5C074BE9CE"><enum>(2)</enum><header>Availability</header><text>Amounts
appropriated pursuant to the authorization of appropriations under paragraph
(1) are authorized to remain available until expended.</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="H8EE27BBBD2F945968E22EE32D382CD14" section-type="subsequent-section"><enum>104.</enum><header>Extension and
modification of credit for clean renewable energy bonds</header>
<subsection id="H93FE0EFE6C7B4ABE8E00C42680C5C5B4"><enum>(a)</enum><header>Extension</header><text>Section
54(m) of the Internal Revenue Code of 1986 (relating to termination) is amended
by striking <quote>December 31, 2008</quote> and inserting <quote>December 31,
2009</quote>.</text>
</subsection><subsection id="HE1D9E40F545E433B8800001BC09F5595"><enum>(b)</enum><header>Increase in
National Limitation</header><text>Section 54(f) of such Code (relating to
limitation on amount of bonds designated) is amended—</text>
<paragraph id="HF612E6A6BDF44D51A1CEAD1C00EAEEA"><enum>(1)</enum><text>by
inserting <quote>, and for the period beginning after the date of the enactment
of the <short-title>Energy View Into Securing Independence
for Our Nation Act</short-title> and ending before January 1, 2010,
$400,000,000</quote> after <quote>$1,200,000,000</quote> in paragraph
(1),</text>
</paragraph><paragraph id="H70ECF17DC65B4AEBA39FB73BED77BEF7"><enum>(2)</enum><text>by striking
<quote>$750,000,000 of the</quote> in paragraph (2) and inserting
<quote>$750,000,000 of the $1,200,000,000</quote>, and</text>
</paragraph><paragraph id="HD6EF9CCF5A104B13B90000BC7EE8D907"><enum>(3)</enum><text>by striking
<quote>bodies</quote> in paragraph (2) and inserting <quote>bodies, and except
that the Secretary may not allocate more than <fraction>1/3</fraction> of the
$400,000,000 national clean renewable energy bond limitation to finance
qualified projects of qualified borrowers which are public power providers nor
more than <fraction>1/3</fraction> of such limitation to finance qualified
projects of qualified borrowers which are mutual or cooperative electric
companies described in section 501(c)(12) or section
1381(a)(2)(C)</quote>.</text>
</paragraph></subsection><subsection id="HA2656416C9B146CF9CD6270095000979"><enum>(c)</enum><header>Public power
providers defined</header><text>Section 54(j) of such Code is amended—</text>
<paragraph id="H070D5CF23C324FCFA900B0FA8754F8BF"><enum>(1)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block id="HE545D0AFE3724B5CA102D9D275A2F233" style="OLC">
<paragraph id="H68C55FACD1FB48FAA82C6EED21A51E3D"><enum>(6)</enum><header>Public power
provider</header><text>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><after-quoted-block>,
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="H524CCF545D8C44A8A158299810449900"><enum>(2)</enum><text>by inserting
<quote><header-in-text level="subsection" style="traditional">; Public Power
Provider</header-in-text></quote> before the period at the end of the
heading.</text>
</paragraph></subsection><subsection id="H0B8CF051732A421D8DB4EBF2B4956C8"><enum>(d)</enum><header>Technical
amendment</header><text>The third sentence of section 54(e)(2) of such Code is
amended by striking <quote>subsection (l)(6)</quote> and inserting
<quote>subsection (l)(5)</quote>.</text>
</subsection><subsection id="H6B218EDEB94C4FC383C1FF89F4ABA30"><enum>(e)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to bonds
issued after the date of the enactment of this Act.</text>
</subsection></section><section id="H7414CF12B4B748A0BCDB5D9DA47BE552"><enum>105.</enum><header>Reestablishing
FutureGen to develop a clean coal power plant and advance carbon
sequestration</header>
<subsection id="H49DA67C5D9D9493494CDC41F0927801E"><enum>(a)</enum><header>Federal
contribution</header><text display-inline="yes-display-inline">The Secretary
shall reestablish a Federal contribution to the FutureGen project to develop
carbon sequestration technology and build a near-zero emissions fossil fuel
power plant.</text>
</subsection><subsection id="H5B17F99931D34D90AD4CD3A4AC523E44"><enum>(b)</enum><header>Emissions;
storage</header><text display-inline="yes-display-inline">The Secretary,
through the project, shall also seek to identify useful applications for the
emissions in addition to developing a means for storage.</text>
</subsection><subsection id="H71F837D418BA44AB80BFAADAF76E1D9C"><enum>(c)</enum><header>Definitions</header><text>For
purposes of this Act—</text>
<paragraph id="H8F63C7EB3C884A4AA9FA2FB500FE1768"><enum>(1)</enum><text display-inline="yes-display-inline">the term <term>Federal contribution</term>
includes technical assistance and financial assistance; and</text>
</paragraph><paragraph id="H504301D60F034AC680F401DCE2400022"><enum>(2)</enum><text>the term
<term>FutureGen project</term> means—</text>
<subparagraph id="H42842E1E56F846FEAAB8C613A01E2705"><enum>(A)</enum><text display-inline="yes-display-inline">the initiative first announced by President
George W. Bush on February 27, 2003, to build the world’s first integrated
sequestration and hydrogen production research power plant; and</text>
</subparagraph><subparagraph id="HB5D9CD03C5C04FECA8E32CFC67A6B6DB"><enum>(B)</enum><text>the site of
Mattoon, Illinois, which the FutureGen Alliance selected on December 18, 2007,
as the final site for the near zero-emissions fossil fuel power plant.</text>
</subparagraph></paragraph></subsection><subsection id="H97B653664B1B4A1EA2EA76BF80F474A1"><enum>(d)</enum><header>Authorization of
appropriations</header><text>There are authorized to be appropriated to the
Secretary for carrying our this section $2,000,000,000.</text>
</subsection></section><section id="HB203629ACC9340EF88741F76E9E5DD0"><enum>106.</enum><header>Funding for
research and development</header><text display-inline="no-display-inline">Amounts in the Energy Vision Fund
established under section 202 shall be used, to the extent provided in
appropriations acts, to carry out—</text>
<paragraph id="HE720F8640B9D41E2AD17F4EFA085F9B"><enum>(1)</enum><text>oil shale, tar
sands, and other strategic unconventional fuels research and development under
section 369 of the Energy Policy Act of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/15927">42 U.S.C. 15927</external-xref>);</text>
</paragraph><paragraph id="H035BBA44BF3548B69B4BD0BEA0E6A1EC"><enum>(2)</enum><text>solar and wind
technology research and development under section 812 of the Energy Policy Act
of 2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16161">42 U.S.C. 16161</external-xref>);</text>
</paragraph><paragraph id="H8E74BF3148424A4590B5CEE18FAE5106"><enum>(3)</enum><text>renewable energy
research and development under section 931 of the Energy Policy Act of 2005 (42
U.S.C. 16231);</text>
</paragraph><paragraph id="H14185B79A0E643459B50FC51AF24F650"><enum>(4)</enum><text>innovative
technologies incentives under title XVII of the Energy Policy Act of 2005 (42
U.S.C. 16511 et seq.);</text>
</paragraph><paragraph id="H4B476E054C0C4CF3B006A8C94E671C5E"><enum>(5)</enum><text>geothermal energy
research and development under subtitle B of title VI of the Energy
Independence and Security Act of 2007 (<external-xref legal-doc="usc" parsable-cite="usc/42/17191">42 U.S.C. 17191 et seq.</external-xref>); and</text>
</paragraph><paragraph id="H22A7EBFF2CBD4360A690961F87B22A"><enum>(6)</enum><text display-inline="yes-display-inline">energy storage research and development
under section 641 of the Energy Independence and Security Act of 2007 (42
U.S.C. 17231).</text>
</paragraph></section><section id="HD385F25495B74E9D9CE3F525C6CC1D59"><enum>107.</enum><header>Various tax
extenders and new credits</header>
<subsection id="H7E14FFAF99A34E13A948D00946EDE5C6"><enum>(a)</enum><header>Credit for
bi-fuel vehicle property</header>
<paragraph id="HB4665ECB54444DCCBABC04D1665F4D5"><enum>(1)</enum><header>In
general</header><text>Subsection (a) of section 30B of the Internal Revenue
Code of 1986 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 inserting after paragraph (4) the following new
paragraph:</text>
<quoted-block id="H90C82ED02FD04FC7B06FC8C52301B076" style="OLC">
<paragraph id="HC79E27C2898A4F50ADD457BBCE5FCA0"><enum>(5)</enum><text>the bi-fuel vehicle
property credit determined under subsection
(f).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H72AEE020CC87441A812EA2CE4D00B928"><enum>(2)</enum><header>Bi-fuel vehicle
property</header><text>Section 30B of such Code is amended by redesignating
subsections (f) through (j) as subsections (g) through (k), respectively, and
inserting after subsection (e) the following new subsection:</text>
<quoted-block id="H059EB729CDA34239A68B1859788F44AB" style="OLC">
<subsection id="H91BBBA86CDFC4177B5B399BA6F73B679"><enum>(f)</enum><header>Bi-Fuel Vehicle
Property Credit</header>
<paragraph id="HAFE01D7E42B148EE8BD0980558D83FAD"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">For purposes of
subsection (a), the bi-fuel vehicle property credit determined under this
subsection for the taxable year is an amount equal to the applicable percentage
of the cost of qualified bi-fuel vehicle property placed in service by a
qualified taxpayer during the taxable year, and is available only for one
bi-fuel vehicle property per vehicle identification number (as defined in
<external-xref legal-doc="usc" parsable-cite="usc/49/33110">section 33110</external-xref> of title 49, United States Code).</text>
</paragraph><paragraph id="H9B1EE656B548488E91971CCBA5E9BA6"><enum>(2)</enum><header>Limitation</header><text>The
credit determined under this subsection shall not exceed $10,000.</text>
</paragraph><paragraph id="H74D0924D87864D3AA015A4A0AE5435A0"><enum>(3)</enum><header>Applicable
percentage</header><text>For purposes of paragraph (1), the applicable
percentage with respect to any qualified bi-fuel vehicle property is 50
percent, if such property—</text>
<subparagraph id="HEE34D444E9E342F581316987AD4FC3F6"><enum>(A)</enum><text>has received a
certificate of conformity under the Clean Air Act and meets or exceeds the most
stringent standard available for certification under the Clean Air Act for that
property (other than a zero emission standard), or</text>
</subparagraph><subparagraph id="HC3C72AE9D248466E87E6C34C2C57F00"><enum>(B)</enum><text>has received an
order certifying the vehicle as meeting the same requirements as vehicles which
may be sold or leased in California and meets or exceeds the most stringent
standard available for certification under the State laws of California
(enacted in accordance with a waiver granted under section 209(b) of the Clean
Air Act) for that property (other than a zero emission standard).</text>
</subparagraph></paragraph><paragraph id="H77FF5A7E39C641B485F5870040991274"><enum>(4)</enum><header>Qualified
bi-fuel vehicle property</header><text>For purposes of paragraph (1), the term
<term>bi-fuel vehicle property</term> means property added to a motor vehicle
that uses conventional gasoline or diesel as its fuel to allow the engine of
such vehicle to operate on either conventional gasoline fuel or another
alternative fuel.</text>
</paragraph><paragraph id="HF31558ACD4464430B9D85C7C7F244C"><enum>(5)</enum><header>Alternative
fuel</header><text>For purposes of paragraph (4), the term <term>alternative
fuel</term> means compressed natural gas, liquefied natural gas, liquefied
petroleum gas, and hydrogen.</text>
</paragraph><paragraph id="H327BF6E202D84FFBBE55840683C5158"><enum>(6)</enum><header>Qualified
taxpayer</header><text>For purposes of paragraph (1), the term <term>qualified
taxpayer</term> means a State or political subdivision thereof, possession of
the United States, or any agency or instrumentality of any of the
foregoing.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H29F03AEBF7814E3BAB3FAA3D9CFB7FB4"><enum>(3)</enum><header>Conforming
Amendments</header><text>Section 30B(h)(6) of such Code is amended—</text>
<subparagraph id="H9C85C3F958304FDA001B605EDC6DFF75"><enum>(A)</enum><text>by striking
<quote>vehicle</quote> each place it appears and inserting
<quote>property</quote>, and</text>
</subparagraph><subparagraph id="H9C6588476D4343D78F22629DDDA13001"><enum>(B)</enum><text>by adding at the
end of the following new sentence: <quote>For purposes of this paragraph, the
term ‘property’ means a vehicle or bi-fuel vehicle property.</quote>.</text>
</subparagraph></paragraph></subsection></section><section display-inline="no-display-inline" id="H746FFD3D3F644DF1A0B7CF7758DB7742" section-type="subsequent-section"><enum>108.</enum><header>Extension and
modification of renewable energy production tax credit</header>
<subsection id="H3B1C61692BE24C7FA69D076EAB6F8B21"><enum>(a)</enum><header>Extension of
credit</header><text>Each of the following provisions of section 45(d) of the
Internal Revenue Code of 1986 (relating to qualified facilities) is amended by
striking <quote>January 1, 2009</quote> and inserting <quote>January 1,
2010</quote>:</text>
<paragraph id="HB16D0A2930024FBA8B421BAC375CCAE0"><enum>(1)</enum><text>Paragraph
(1).</text>
</paragraph><paragraph id="H8F61BC2F174C48B482E950E832B9AFCC"><enum>(2)</enum><text>Clauses (i) and
(ii) of paragraph (2)(A).</text>
</paragraph><paragraph id="H41331685B0F04CE09DC91B58861DD12E"><enum>(3)</enum><text>Clauses (i)(I) and
(ii) of paragraph (3)(A).</text>
</paragraph><paragraph id="HF3223260A2094ECAB552FD13C7BCFB3"><enum>(4)</enum><text>Paragraph
(4).</text>
</paragraph><paragraph id="H62FA409D562148C8A530ADDA320032F0"><enum>(5)</enum><text>Paragraph
(5).</text>
</paragraph><paragraph id="HF06A53C61C6442E9A5BD0050D571D011"><enum>(6)</enum><text>Paragraph
(6).</text>
</paragraph><paragraph id="H665B2FC690184789B1F391DA679005E"><enum>(7)</enum><text>Paragraph
(7).</text>
</paragraph><paragraph id="HA77CD4271939454495C01EECA9178698"><enum>(8)</enum><text>Paragraph
(8).</text>
</paragraph><paragraph id="H33EFC46C00404E28B5421B00082D00F7"><enum>(9)</enum><text>Subparagraphs (A)
and (B) of paragraph (9).</text>
</paragraph></subsection><subsection id="H63B6087C9AB44A198EBB80E8C316F682"><enum>(b)</enum><header>Effective
dates</header><text>The amendments made by subsection (a) shall apply to
property originally placed in service after December 31, 2008.</text>
</subsection></section><section display-inline="no-display-inline" id="H693761822C714EC0BAA6D342C0D34B13" section-type="subsequent-section"><enum>109.</enum><header>Extension and
modification of residential energy efficient property credit</header>
<subsection id="HF09400474CD641A9ADCED1FB783F1A2"><enum>(a)</enum><header>Extension</header><text>Section
25D(g) of the Internal Revenue Code of 1986 (relating to termination) is
amended by striking <quote>December 31, 2008</quote> and inserting
<quote>December 31, 2009</quote>.</text>
</subsection><subsection id="HD2AA3AC0D13F4064B8EA6215FA865889"><enum>(b)</enum><header>No Dollar
Limitation for Credit for Solar Electric Property</header>
<paragraph id="HEA3268A32BEF4943B58F6960C81DFB79"><enum>(1)</enum><header>In
general</header><text>Section 25D(b)(1) of such Code (relating to maximum
credit) is amended by striking subparagraph (A) and by redesignating
subparagraphs (B) and (C) as subparagraphs (A) and (B), respectively.</text>
</paragraph><paragraph id="H1B5D35C273BE4B2ABAACC4F1723EEC1E"><enum>(2)</enum><header>Conforming
amendments</header><text>Section 25D(e)(4) of such Code is amended—</text>
<subparagraph id="H701610608462487486309916D1FBFCCE"><enum>(A)</enum><text>by striking clause
(i) in subparagraph (A),</text>
</subparagraph><subparagraph id="HA8149A8AFF534848A8EA3C99060DC15"><enum>(B)</enum><text>by redesignating
clauses (ii) and (iii) in subparagraph (A) as clauses (i) and (ii),
respectively, and</text>
</subparagraph><subparagraph id="HEA9E7C9817D744850020286610B37949"><enum>(C)</enum><text>by striking
<quote>, (2),</quote> in subparagraph (C).</text>
</subparagraph></paragraph></subsection><subsection id="HBEEDE74F85DB406481E1E136E0F35052"><enum>(c)</enum><header>Credit Allowed
Against Alternative Minimum Tax</header>
<paragraph id="H339C2384BABF4491A06C6E853CCA994F"><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="HF6FB020B264F43939D70EA0559CFD200" style="OLC">
<subsection id="HE0DB7F2E52B14E1BB890FE8D71F3B068"><enum>(c)</enum><header>Limitation Based
on Amount of Tax; Carryforward of Unused Credit</header>
<paragraph id="HD173A5774F0F4D92A137D0407E498CB9"><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="H3C5920485653482A9F5E67E1D7D830C5"><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="HCCB0EF0EAD854DF98747A3F917A328A5"><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="H282C7497604A4CDDB7E2D296004589E9"><enum>(2)</enum><header>Carryforward of
unused credit</header>
<subparagraph id="H1D0BC8A1374148ED9011556CC171CBA4"><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="HF60D05E98CCA491F80401D3C31F0D9EB"><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="HA8E33D7786964FE2AD324DB0EF9793F1"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="H50BAB8A958A148E78FDC76BAF30091B2"><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="HA9D2F0880B9C4FD2B43E2389F9AC84B5"><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="H91A92D58A5C84502A5A1353EA536267"><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="HDD5F1617437043158DED82C7330030A9"><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="H5D3C73662934466CB0A99FBA3D77ABE7"><enum>(d)</enum><header>Effective
Date</header>
<paragraph id="H30DECEA7CF5D41E6ACAA0A3B811C1F"><enum>(1)</enum><header>In
general</header><text>The amendments made by this section shall apply to
taxable years beginning after December 31, 2007.</text>
</paragraph><paragraph id="HE93AE4AFF4D3400B8FDCFF71D871EA73"><enum>(2)</enum><header>Application of
EGTRRA sunset</header><text>The amendments made by subparagraphs (A) and (B) of
subsection (c)(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>
</paragraph></subsection></section><section display-inline="no-display-inline" id="H8B9FF1456C754EAC84928CE6C9771342" section-type="subsequent-section"><enum>110.</enum><header>Extension and
modification of credit for energy efficiency improvements to existing
homes</header>
<subsection id="HBC5BA5FD398B4478B845475E83975BC"><enum>(a)</enum><header>Extension of
Credit</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/25C">Section 25C(g)</external-xref> of the Internal Revenue Code of 1986
(relating to termination) is amended by striking <quote>December 31,
2007</quote> and inserting <quote>December 31, 2009</quote>.</text>
</subsection><subsection id="H8FD167B93FE343B68C70FAE699447168"><enum>(b)</enum><header>Qualified
Biomass Fuel Property</header>
<paragraph id="HE4A16255671B43FDB5A6B135BB3C82B"><enum>(1)</enum><header>In
general</header><text>Section 25C(d)(3) of such Code is amended—</text>
<subparagraph id="HC0EFE4DE3ACF44409299824249305F8F"><enum>(A)</enum><text>by striking
<quote>and</quote> at the end of subparagraph (D),</text>
</subparagraph><subparagraph id="H4B5D0B80DC014D3BB1CF566B6480A1F4"><enum>(B)</enum><text>by striking the
period at the end of subparagraph (E) and inserting <quote>, and</quote>,
and</text>
</subparagraph><subparagraph id="H8873A8E1B6094764808DFF2680154000"><enum>(C)</enum><text>by adding at the
end the following new subparagraph:</text>
<quoted-block id="H065EE12A1D4442C28448009532AF1769" style="OLC">
<subparagraph id="H165FFE1FA7FD40D4BCB302B9E156201B"><enum>(F)</enum><text>a stove which uses
the burning of biomass fuel to heat a dwelling unit located in the United
States and used as a residence by the taxpayer, or to heat water for use in
such a dwelling unit, and which has a thermal efficiency rating of at least 75
percent.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H12D0A82330A84C49842CD4BC04B497B"><enum>(2)</enum><header>Biomass
fuel</header><text>Section 25C(d) of such Code (relating to residential energy
property expenditures) is amended by adding at the end the following new
paragraph:</text>
<quoted-block id="H06CBFEAF002C496FAAF82B53E85E3B72" style="OLC">
<paragraph id="H1EADD4FEF9864ECF96D57F30DB3B2B75"><enum>(6)</enum><header>Biomass
fuel</header><text>The term <term>biomass fuel</term> means any plant-derived
fuel available on a renewable or recurring basis, including agricultural crops
and trees, wood and wood waste and residues (including wood pellets), plants
(including aquatic plants), grasses, residues, and
fibers.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H00C25F83EF694662A0323322A5E800B5"><enum>(c)</enum><header>Modifications of
Standards for Energy-Efficient Building Property</header>
<paragraph id="H3B41CA8ACB29472691B1E16EF3F750EB"><enum>(1)</enum><header>Electric heat
pumps</header><text>Subparagraph (B) of section 25C(d)(3) of such Code is
amended to read as follows:</text>
<quoted-block id="HB136282461BF4AA684CBE0C2692754A7" style="OLC">
<subparagraph id="H40031E9F154D47189090A9E64DDB8C4E"><enum>(A)</enum><text>an electric heat
pump which achieves the highest efficiency tier established by the Consortium
for Energy Efficiency, as in effect on January 1,
2008.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H1690BEA697D144038576DCAD2547C34D"><enum>(2)</enum><header>Central air
conditioners</header><text>Section 25C(d)(3)(D) of such Code is amended by
striking <quote>2006</quote> and inserting <quote>2008</quote>.</text>
</paragraph><paragraph id="H0AD044E5A0364223875DE540436153D8"><enum>(3)</enum><header>Water
heaters</header><text>Subparagraph (E) of section 25C(d) of such Code is
amended to read as follows:</text>
<quoted-block id="HB406760C83CD4A7D9695F960DC23DA8E" style="OLC">
<subparagraph id="HBAA4FE656C214AA6B06DE26645E2F7F6"><enum>(E)</enum><text>a natural gas,
propane, or oil water heater which has either an energy factor of at least 0.80
or a thermal efficiency of at least 90
percent.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H99C8330731F94854B081AB2FE84900EF"><enum>(4)</enum><header>Oil furnaces and
hot water boilers</header><text>Paragraph (4) of section 25C(d) of such Code is
amended to read as follows:</text>
<quoted-block id="HFB1BE1B95C784F880010BD9C73E5A94F" style="OLC">
<paragraph id="H51424B434DBC4692A75F32D7991CA29B"><enum>(4)</enum><header>Qualified
natural gas, propane, and oil furnaces and hot water boilers</header>
<subparagraph id="H9C389965862440E190001277468431BE"><enum>(A)</enum><header>Qualified
natural gas furnace</header><text>The term <term>qualified natural gas
furnace</term> means any natural gas furnace which achieves an annual fuel
utilization efficiency rate of not less than 95.</text>
</subparagraph><subparagraph id="H96764542F50F4BFCB1A887F43BB366E6"><enum>(B)</enum><header>Qualified
natural gas hot water boiler</header><text>The term <term>qualified natural gas
hot water boiler</term> means any natural gas hot water boiler which achieves
an annual fuel utilization efficiency rate of not less than 90.</text>
</subparagraph><subparagraph id="H2C892016EBAF44C9A7982C1B7F1D3FC4"><enum>(C)</enum><header>Qualified
propane furnace</header><text>The term <term>qualified propane furnace</term>
means any propane furnace which achieves an annual fuel utilization efficiency
rate of not less than 95.</text>
</subparagraph><subparagraph id="HF06D77D1E73E4E8AAD27E55910927044"><enum>(D)</enum><header>Qualified
propane hot water boiler</header><text>The term <term>qualified propane hot
water boiler</term> means any propane hot water boiler which achieves an annual
fuel utilization efficiency rate of not less than 90.</text>
</subparagraph><subparagraph id="HF1878B10388745F7B94D5322EC160C2"><enum>(E)</enum><header>Qualified oil
furnaces</header><text>The term <term>qualified oil furnace</term> means any
oil furnace which achieves an annual fuel utilization efficiency rate of not
less than 90.</text>
</subparagraph><subparagraph id="H314D0182AADB404C9B57850390E78703"><enum>(F)</enum><header>Qualified oil
hot water boiler</header><text>The term <term>qualified oil hot water
boiler</term> means any oil hot water boiler which achieves an annual fuel
utilization efficiency rate of not less than
90.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H6F0AE04413F6497FB7E1328948CAE9BF"><enum>(d)</enum><header>Effective
Date</header><text>The amendments made this section shall apply to expenditures
made after December 31, 2007.</text>
</subsection></section><section display-inline="no-display-inline" id="HD8346679E8444BAFA8795460C691B1C2" section-type="subsequent-section"><enum>111.</enum><header>Extension and
modification of tax credit for energy efficient new homes</header>
<subsection id="HCDAD01A995AE4D59A2CF95B8F12B561"><enum>(a)</enum><header>Extension of
credit</header><text>Subsection (g) of section 45L of the Internal Revenue Code
of 1986 (relating to termination) is amended by striking <quote>December 31,
2008</quote> and inserting <quote>December 31, 2010</quote>.</text>
</subsection><subsection id="H27801361AE264398A511941ECEB8965C"><enum>(b)</enum><header>Allowance for
contractor’s personal residence</header><text>Subparagraph (B) of section
45L(a)(1) of such Code is amended to read as follows:</text>
<quoted-block id="H8E6C88EE2F9240D4ABD152259BF05D28" style="OLC">
<subparagraph id="H4636E0DE94DB4C779622A7C55C809000"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="H85CA575B6E9E404B90986231D87E4FAB"><enum>(i)</enum><text>acquired by a person
from such eligible contractor and used by any person as a residence during the
taxable year, or</text>
</clause><clause id="H5FB7F9421B4249779456AE6100001354" indent="up1"><enum>(ii)</enum><text>used by such eligible contractor
as a residence during the taxable
year.</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HAB0C6BA177204D978EFA19A037EEF7CD"><enum>(c)</enum><header>Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to homes acquired after December 31, 2008.</text>
</subsection></section><section id="H6819BEDC488F4508B67B2BBA9BCBBF75"><enum>112.</enum><header>Energy Frontier
Research Centers</header><text display-inline="no-display-inline">There are
authorized to be appropriated to the Secretary of Energy for Energy Frontier
Research Centers for activities to accelerate the rate of scientific
breakthroughs needed to create advanced energy technologies for the 21st
century $100,000,000 for each of the fiscal years 2009 through 2013.</text>
</section><section display-inline="no-display-inline" id="H5F541454ED134462854CF62E28B9B601" section-type="subsequent-section"><enum>113.</enum><header>Energy Vision
Commission</header>
<subsection id="H5233D5E5D3C54BB5994D23DFAC38A016"><enum>(a)</enum><header>Establishment</header><text>There
shall be established the Energy View Into Securing Independence for Our Nation
(VISION) Commission.</text>
</subsection><subsection id="H159B38561E78406A8EFB884ECEBBF5E"><enum>(b)</enum><header>Functions</header><text>The
Commission shall—</text>
<paragraph id="HBE04BD74322D42AFA317E7BA8BA95307"><enum>(1)</enum><text>not later than 1
year after the date of enactment of this Act, submit to Congress and the
President a report containing—</text>
<subparagraph id="H33268F3610964CBA90AAB75F9C000685"><enum>(A)</enum><text>recommendations on
steps, in addition to the efforts prescribed in this Act, that must be taken in
order for the United States to achieve 50 percent energy independence within 10
years and 100 percent energy independence within 20 years; and</text>
</subparagraph><subparagraph id="HD7FC0262144C40A0A9DA34EC17B5819"><enum>(B)</enum><text>an assessment of
the impact of foreign energy dependence on United States national
security;</text>
</subparagraph></paragraph><paragraph id="HAA52D64F251F41B6857CE3154F9084FA"><enum>(2)</enum><text>advise and make
recommendations to the Secretary of Energy on the design and operation,
including selection criteria, of the prize programs carried out under sections
101 and 102;</text>
</paragraph><paragraph id="HE276A7F26A7E40EF8280FB5880386EA4"><enum>(3)</enum><text>make
recommendations to the Secretary of Energy selecting participants who have
achieved a goal for which a prize will be awarded under section 101 or 102;
and</text>
</paragraph><paragraph id="H11853212EEB5413688355E787EA196A4"><enum>(4)</enum><text>submit
recommendations to Congress, as appropriate because of changing circumstances,
for actions that would serve the purpose of achieving the goal of United States
energy independence through the development of technologies that lead to the
widespread adoption of improvements that increase energy supply or energy
efficiency.</text>
</paragraph></subsection><subsection id="HF388E0F04A694809B383712456E69198"><enum>(c)</enum><header>Membership</header><text>The
Commission shall be composed of 13 members as follows:</text>
<paragraph id="H36153E450EA6465593D827AA67BC732"><enum>(1)</enum><text>The Secretary of
Energy.</text>
</paragraph><paragraph id="H9FEAA437F3D8499CB3F2EEDF73D766ED"><enum>(2)</enum><text>The Secretary of
Transportation.</text>
</paragraph><paragraph id="H1724E1FB37BC45968B8BB569424D1FE8"><enum>(3)</enum><text>The Director of
the National Science Foundation.</text>
</paragraph><paragraph id="HE932891C082143378445C4BC0069B5DD"><enum>(4)</enum><text>The Administrator
of the Environmental Protection Agency.</text>
</paragraph><paragraph id="H0047568CADF043F68D9B803F2059F8C6"><enum>(5)</enum><text>The President of
the National Academy of Sciences.</text>
</paragraph><paragraph id="HFE30EA6FEC2B42F8ABF2D4684B4BC895"><enum>(6)</enum><text>2
members appointed by the Speaker of the House of Representatives.</text>
</paragraph><paragraph id="H633544074BB046B09703B400CF77B62F"><enum>(7)</enum><text>2
members appointed by the minority leader of the House of
Representatives.</text>
</paragraph><paragraph id="H4E98BA3CCFD341E294B1F1D1FF52CF92"><enum>(8)</enum><text>2
members appointed by the majority leader of the Senate.</text>
</paragraph><paragraph id="H1F9C62DA696E4C64B8E9EE2FC48B7267"><enum>(9)</enum><text>2
members appointed by the minority leader of the Senate.</text>
</paragraph></subsection><subsection id="H35FCE065CB3F44538414AE8B731638A7"><enum>(d)</enum><header>Terms of
Membership</header><text>Each member of the Commission appointed under
subsection (c)(6) through (9) shall be appointed for a term of 2 years, except
that of the members first appointed, one under each of those paragraphs shall
be appointed for a term of 1 year. A member of the Commission may serve after
the expiration of the member’s term until a successor has taken office.</text>
</subsection><subsection id="H9727C0D944544DB49E40E83363F784C5"><enum>(e)</enum><header>Vacancies</header><text>A
vacancy in the Commission shall not affect its powers but, in the case of a
member appointed under subsection (c)(6) through (9), shall be filled in the
same manner as the original appointment was made. Any member appointed to fill
a vacancy for an unexpired term shall be appointed for the remainder of such
term.</text>
</subsection><subsection id="HD0AA744152DD4041AB0020856D502BBF"><enum>(f)</enum><header>Quorum</header><text>Seven
members of the Commission shall constitute a quorum.</text>
</subsection><subsection id="H0DB579A67775425180DD004650896C77"><enum>(g)</enum><header>Meetings</header><text>The
Commission shall meet at the call of the Chairman or a majority of its
members.</text>
</subsection><subsection id="H78729D00221344A6AF213497D2A24D62"><enum>(h)</enum><header>Compensation</header><paragraph commented="no" display-inline="yes-display-inline" id="H29A86AAF6B50404B858944896D5100AE"><enum>(1)</enum><text>Each member of the
Commission shall serve without compensation.</text>
</paragraph><paragraph id="H7ADF9F74CF1A415E8980CB69F912B6E" indent="up1"><enum>(2)</enum><text>While away from their homes or
regular places of business in the performance of duties for the Commission,
members of the Commission shall be allowed travel expenses, including per diem
in lieu of subsistence, at rates authorized for employees of agencies under
sections <external-xref legal-doc="usc" parsable-cite="usc/5/5702">5702</external-xref> and <external-xref legal-doc="usc" parsable-cite="usc/5/5703">5703</external-xref> of title 5, United States Code.</text>
</paragraph></subsection><subsection id="H64C20C64E58840189163D5EA3F21D8D3"><enum>(i)</enum><header>Staff</header><text>Subject
to rules prescribed by the Commission, the Commission may appoint personnel as
it considers appropriate.</text>
</subsection><subsection id="HEA8B328970744AC4BBE364C0FA347E2B"><enum>(j)</enum><header>Applicability of
Certain Civil Service Laws</header><text>The staff of the Commission shall be
appointed subject to the provisions of title 5, United States Code, governing
appointments in the competitive service, and shall be paid in accordance with
the provisions of chapter 51 and subchapter III of chapter 53 of that title
relating to classification and General Schedule pay rates.</text>
</subsection><subsection id="H5F53C1D24D8847A284FA9DDBD7B000D9"><enum>(k)</enum><header>Experts and
Consultants</header><text>The Commission may procure temporary and intermittent
services under <external-xref legal-doc="usc" parsable-cite="usc/5/3109">section 3109(b)</external-xref> of title 5, United States Code.</text>
</subsection><subsection id="HEC3F41D769AE4F6B88AE82D6CDB0737"><enum>(l)</enum><header>Hearings and
Sessions</header><text>The Commission may, for the purpose of carrying out this
Act, hold hearings, sit and act at times and places, take testimony, and
receive evidence as the Commission considers appropriate.</text>
</subsection><subsection id="H9C878A0140DA4E60A6FCC45ED0ADEB86"><enum>(m)</enum><header>Powers of
Members and Agents</header><text>Any member or agent of the Commission may, if
authorized by the Commission, take any action which the Commission is
authorized to take by this section.</text>
</subsection><subsection id="H5F7443E0F73E4C13AD81B022E2D6C2D4"><enum>(n)</enum><header>Obtaining
Official Data</header><text>The Commission may secure directly from any
department or agency of the United States information necessary to enable it to
carry out this Act. Upon request of the Commission, the head of that department
or agency shall furnish that information to the Commission.</text>
</subsection><subsection id="H84F7E63FB0CE4AFA9425F9EADDB3F003"><enum>(o)</enum><header>Subpoena
Power</header>
<paragraph id="HB8B3D9BD0D2242399498EF7389C6814D"><enum>(1)</enum><header>In
general</header><text>The Commission may issue subpoenas requiring the
attendance and testimony of witnesses and the production of any evidence
relating to any matter under investigation by the Commission. The attendance of
witnesses and the production of evidence may be required from any place within
the United States at any designated place of hearing within the United
States.</text>
</paragraph><paragraph id="HBCB6E317B5654E5D8F6EFDA1E6438478"><enum>(2)</enum><header>Failure to obey
a subpoena</header><text>If a person refuses to obey a subpoena issued under
paragraph (1), the Commission may apply to a United States district court for
an order requiring that person to appear before the Commission to give
testimony, produce evidence, or both, relating to the matter under
investigation. The application may be made within the judicial district where
the hearing is conducted or where that person is found, resides, or transacts
business. Any failure to obey the order of the court may be punished by the
court as civil contempt.</text>
</paragraph><paragraph id="H5D987490C4324AF89519E9DF51B23B"><enum>(3)</enum><header>Service of
subpoenas</header><text>The subpoenas of the Commission shall be served in the
manner provided for subpoenas issued by a United States district court under
the Federal Rules of Civil Procedure for the United States district
courts.</text>
</paragraph><paragraph id="HC96CCB2D6AE841C800B3595503BC9D53"><enum>(4)</enum><header>Service of
process</header><text>All process of any court to which application is made
under paragraph (2) may be served in the judicial district in which the person
required to be served resides or may be found.</text>
</paragraph></subsection><subsection id="H0E2A5A31BF0149AE977366CD11E59670"><enum>(p)</enum><header>Federal Advisory
Committee Act</header><text>Section 14 of the Federal Advisory Committee Act (5
U.S.C. App.) shall not apply to the Commission.</text>
</subsection></section><section id="H87E9438E6B8E4E51A39896005874E702"><enum>114.</enum><header>Automobile
efficiency upgrade credit</header>
<subsection id="HA6ED05FEE73647B0B72ECE744049DA25"><enum>(a)</enum><header>In
general</header><text>Subpart C of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 is amended by redesignating section 36 as section
37 and by inserting after section 35 the following new section:</text>
<quoted-block id="HE95E32D7EF2C4AE9A0ACE8A974EACC38" style="OLC">
<section id="H4EF0F55BC7354D25A7EE2BCD5DC05324"><enum>36.</enum><header>Automobile
efficiency upgrade credit</header>
<subsection id="H67F57FACE5A74787A2CB9E8BFB9FBF33"><enum>(a)</enum><header>Allowance of
Credit</header><text>In the case of an individual, there shall be allowed as a
credit against the tax imposed by this subtitle an amount equal to the amount
paid or incurred by the taxpayer during the taxable year for a new passenger
automobile in connection with a qualified trade-in.</text>
</subsection><subsection id="H5F5BA3E833DB486585738BFB5C5894F8"><enum>(b)</enum><header>Limitations</header>
<paragraph id="HE395544C8B5A4885A2C566DE7136BBC6"><enum>(1)</enum><header>Dollar
limitation</header><text>The credit allowed under this section shall not exceed
$1,500 with respect to any taxpayer for any taxable year.</text>
</paragraph><paragraph id="H61BF54398DB5431B8492ABAF9D084EA7"><enum>(2)</enum><header>No credit with
respect to automobile manufacturers out of compliance with cafe
standards</header><text>No credit shall be allowed under subsection (a) with
respect to the purchase of any new passenger automobile if a penalty was
imposed under <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/49/329">chapter 329</external-xref> of title 49, United States Code, with respect to the
manufacturer of such new passenger automobile at any time during the 1-year
period ending on the date of such purchase.</text>
</paragraph></subsection><subsection id="H4B7E39E823264D52B6CDF00B25B0F"><enum>(c)</enum><header>Qualified
Trade-In</header><text>For purposes of this section—</text>
<paragraph id="H72370E37F29E4E5F8E3D1E5154212361"><enum>(1)</enum><header>In
general</header><text>The term <term>qualified trade-in</term> means, with
respect to the purchase of any new passenger automobile, the transfer of a
qualified used automobile to the dealer from whom such new passenger automobile
is purchased as part of the same transaction as such purchase.</text>
</paragraph><paragraph id="H27A30A948465439CAD3862720000A00"><enum>(2)</enum><header>Qualified used
automobile</header><text>The term <term>qualified used automobile</term> means
any passenger automobile which was originally placed in service at least 15
years before the date of the qualified trade-in and title to which has been
held by the taxpayer at all times during the 2-year period ending on the date
of the qualified
trade-in.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HF558489800364843B4608BC65D1FF8DF"><enum>(b)</enum><header>Conforming
Amendments</header>
<paragraph id="HEA0B1F8F48B94E5E8658B1543320AD52"><enum>(1)</enum><text>Section
6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by striking
<quote>34,</quote> and all that follows through <quote>6428</quote> and
inserting <quote>34, 35, 36, 53(e), and 6428</quote>.</text>
</paragraph><paragraph id="HA5CA566431244BB6829EAA92DF6D9000"><enum>(2)</enum><text>Section 1324(b)(2)
of title 31, United States Code, is amended by inserting <quote>, 36,</quote>
after <quote>section 35</quote>.</text>
</paragraph><paragraph id="HC03B639306794D008F9B65C75CD34712"><enum>(3)</enum><text>The table of
sections for subpart C of part IV of subchapter A of chapter 1 of the Internal
Revenue Code of 1986 is amended by redesignating the item relating to section
36 as an item relating to section 37 and by inserting before such item the
following new item:</text>
<quoted-block display-inline="no-display-inline" id="HD1895B528EDB4D71BDB2446D23230537" style="OLC">
<toc container-level="quoted-block-container" idref="HE95E32D7EF2C4AE9A0ACE8A974EACC38" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry idref="H4EF0F55BC7354D25A7EE2BCD5DC05324" level="section">Sec. 36. Automobile efficiency upgrade
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H27924A1FD75749408998E381FBC1990"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.</text>
</subsection></section><enum>II</enum><header>Funding Through
Domestic Production</header>
<section id="HCA84F75491A64C2195FE004FD6EB088C"><enum>201.</enum><header>Energy VISION
Fund</header>
<subsection id="HA35AE7F5047C452CA2F33EE7B549DE96"><enum>(a)</enum><header>Establishment of
fund</header><text>There is established in the Treasury a separate account
which shall be known as the Energy View Into Securing Independence for Our
Nation Trust Fund and may be referred to as the <quote>Energy VISION
Fund</quote>.</text>
</subsection><subsection id="H1702C924707F4181A423F2BFD7FB8BF"><enum>(b)</enum><header>Contents</header><text>There
shall be deposited into the Fund such amounts as are provided under this title
and the amendments made by this title.</text>
</subsection><subsection id="HEB171A10674D4256BFEFDD732B29971B"><enum>(c)</enum><header>Use</header><text>Amounts
in the Fund shall be available, to the extent provided in appropriation Acts,
to carry out this Act, subject to any limitation in this Act on
appropriations.</text>
</subsection></section><subtitle id="H61DA05BBC5B14B53B61E5E10F86F95CA"><enum>A</enum><header>Outer Continental
Shelf</header>
<section id="H31DB22EDD2634966B9DB300403D62ED8"><enum>211.</enum><header>Terminating
laws prohibiting Federal spending for Outer Continental Shelf leasing
activities</header><text display-inline="no-display-inline">All provisions of
existing Federal law prohibiting the spending of appropriated funds to conduct
oil and natural gas leasing and preleasing activities for any area of the Outer
Continental Shelf shall have no force or effect.</text>
</section><section id="H39560309D91847468BDD5F2C7DADE41F"><enum>212.</enum><header>Revocation of
existing Presidential withdrawals</header><text display-inline="no-display-inline">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 (<external-xref legal-doc="usc" parsable-cite="usc/43/1341">43 U.S.C. 1341(a)</external-xref>), 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>
</section><section id="H34FEEC7F68BA4B84004245DE2D6D4434"><enum>213.</enum><header>Revocation of
existing Presidential authority</header><text display-inline="no-display-inline">All authorities given to the President with
respect to the leasing of Federal submerged lands of the Outer Continental
Shelf, given under section 12(a) of the Outer Continental Shelf Lands Act (43
U.S.C. 1341(a)), are hereby revoked, except in the interest of national
security.</text>
</section><section id="H9813B20997374B8BAB385DF46033F300"><enum>214.</enum><header>Availability of
certain areas for leasing</header><text display-inline="no-display-inline">Section 8 of the Outer Continental Shelf
Lands Act (<external-xref legal-doc="usc" parsable-cite="usc/43/1337">43 U.S.C. 1337</external-xref>) is amended by adding at the end the
following:</text>
<quoted-block id="HC7841A1BAC6E491A8EC1B4FF13CFEE6B" style="OLC">
<subsection id="HD04B36CE01C24DDE94122EB5B4888E53"><enum>(q)</enum><header>Availability of
Certain Areas for Leasing</header>
<paragraph id="HC7A8757E0E0E46EC804CA00BC49DBC6"><enum>(1)</enum><header>Definitions</header><text>In
this subsection:</text>
<subparagraph id="H6A945ED087D34DEBB958B9AC16F0EC6F"><enum>(A)</enum><header>Governor</header><text>The
term <term>Governor</term> means the Governor of a State.</text>
</subparagraph><subparagraph id="HFE9EAD60B40C418C8E56DD7621A5A6B7"><enum>(B)</enum><header>Qualified
revenues</header><text>The term <term>qualified revenues</term> means all
rentals, royalties, bonus bids, and other sums due and payable to the United
States under leases entered into on or after the date of enactment of this
subsection for natural gas exploration and extraction activities authorized by
the Secretary pursuant to petitions under paragraph (2).</text>
</subparagraph></paragraph><paragraph id="H30875109D95D476FA7CC1633ADFAAA4"><enum>(2)</enum><header>Petition</header>
<subparagraph id="HD8CA1249BF9746E99200A026C6000043"><enum>(A)</enum><header>In
general</header><text>The Governor of a State may submit to the Secretary a
petition requesting that the Secretary issue leases authorizing the conduct of
oil and natural gas exploration and extraction activities in any area off the
coast of that State that is at least 50 miles beyond the coast of the
State.</text>
</subparagraph><subparagraph id="HF2C62AED184A477EB167C9DB8C56E55"><enum>(B)</enum><header>Contents</header><text>In
any petition under subparagraph (A), the Governor shall include a detailed plan
of the proposed exploration and extraction activities, as applicable.</text>
</subparagraph></paragraph><paragraph id="HABB23500C5DB4FC58C3BDC1CE42C83A0"><enum>(3)</enum><header>Action by
Secretary</header>
<subparagraph id="H7315CD472551453F9F941814FF006CF4"><enum>(A)</enum><header>In
general</header><text>Subject to subparagraph (D), as soon as practicable after
the date of receipt of a petition under paragraph (2)(A), the Secretary shall
approve or deny the petition.</text>
</subparagraph><subparagraph id="HD4ECDD96F90D4C87A2BF8CCA3E5CD065"><enum>(B)</enum><header>Requirements for
exploration and extraction</header><text>The Secretary shall not approve a
petition submitted under paragraph (2)(A) by the Governor of a State unless the
State enacts legislation supporting exploration and extraction of oil and
natural gas in the area, off the coast of the State, for which the petition is
submitted.</text>
</subparagraph><subparagraph id="H1135F0291B574E7BBBA5CC27B0A422B3"><enum>(C)</enum><header>Consistency with
legislation</header><text>The plan provided in the petition under paragraph
(2)(B) shall be consistent with the legislation described in subparagraph (B)
as applicable.</text>
</subparagraph><subparagraph id="H25C5FA0A0BB54D8AA4EED8A243BFF3B4"><enum>(D)</enum><header>Conflicts with
military operations and national security</header><text>The Secretary shall not
approve a petition for a drilling activity under this paragraph if the drilling
activity would conflict with any military operation or national security, as
determined by the President.</text>
</subparagraph></paragraph><paragraph id="HF462803E45564B59A6D052B404F9B7CD"><enum>(4)</enum><header>Disposition of
revenues</header><text>Notwithstanding section 9, for each applicable fiscal
year, the Secretary of the Treasury shall—</text>
<subparagraph id="HDB3A66FB26BD44A38D668F6B7E68011F"><enum>(A)</enum><text>deposit 50 percent
of qualified revenues in the Energy VISION Fund established by section 201 of
the <short-title>Energy View Into Securing Independence
for Our Nation Act</short-title>;</text>
</subparagraph><subparagraph id="H0D28241B0372419BBAB305D4F3CC27F8"><enum>(B)</enum><text>pay to a State 45
percent of the qualified revenues for leases issued pursuant to a petition
submitted under paragraph (2) by the Governor of the State; and</text>
</subparagraph><subparagraph id="H163015035AAF4159B42EB9DA3BA89D34"><enum>(C)</enum><text>deposit 5 percent
into a separate account in the Treasury that shall be available to the
Secretary of the Interior and the Administrator of the Environmental Protection
Agency to mitigate for any environmental damage that occurs as a result of
extraction activities authorized under this subsection, regardless of whether
the damage is—</text>
<clause id="H2EFC3C4F9FFD4118961FA992538FDEEE"><enum>(i)</enum><text>reasonable
foreseeable; or</text>
</clause><clause id="H71DAAE687F6946E59387F0D4A3720241"><enum>(ii)</enum><text>caused by
negligence, natural disasters, or other acts.</text>
</clause></subparagraph></paragraph><paragraph id="H3E81EC1B05484E4A8DBDD5D1A4BA2C91"><enum>(5)</enum><header>Existing
leases</header><text>Any funds that would be received by the United States as
royalties under any Federal oil and gas lease of an area on the Outer
Continental Shelf within 50 miles of the coastal zone of the State of Texas,
Louisiana, Mississippi, or Alabama that is in effect on the date of enactment
of the <short-title>Energy View Into Securing Independence
for Our Nation Act</short-title> shall be paid to that State if the State
enacts a statute that establishes a plan for expenditure of those
funds.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section></subtitle><subtitle id="H51BDCAE97FC24CD4BC94EBB24CB8845"><enum>B</enum><header>Drilling for Energy
in the Arctic Now</header>
<section id="HC60B8CEF29B44DA2A405B00025EC5B73"><enum>221.</enum><header>Definitions</header><text display-inline="no-display-inline">In this subtitle:</text>
<paragraph id="H8882D1C2B577470197ADDC02D2E03C00"><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="H4BDA2C71E2CC47CC9270E097391F6480"><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="HC097846758FF428AA57E573753A8C956"><enum>222.</enum><header>Leasing program
for lands within the Coastal Plain</header>
<subsection id="H4E60D5A5688F41188702DAEBEC0089E6"><enum>(a)</enum><header>In
General</header><text>The Secretary shall take such actions as are
necessary—</text>
<paragraph id="H5DA02DF005DE4A7BA6ADAED5DC19C7"><enum>(1)</enum><text>to
establish and implement, in accordance with this subtitle 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="H3A998A222AFE45C5B664B6D6BCD3527"><enum>(2)</enum><text>to
administer the provisions of this subtitle 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 subtitle in a manner that ensures the receipt of fair market value by the
public for the mineral resources to be leased.</text>
</paragraph></subsection><subsection id="H2F2AA110B2EC4B79ABEBA1C54BB31B4"><enum>(b)</enum><header>Repeal</header>
<paragraph id="H9C55F0003F53469E905F22D0C3D98BEB"><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="H0FBA58A1161D4526B822CA42C6931100"><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="HA59199BC7C37429294D1E5521EEA6375"><enum>(c)</enum><header>Compliance With
Requirements Under Certain Other Laws</header>
<paragraph id="HC4CC23065F5A41AF9F4F8DBC3F02FB13"><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="HD13B35FEEDAC4F798010ED3732848214"><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 (<external-xref legal-doc="usc" parsable-cite="usc/42/4332">42 U.S.C. 4332(2)(C)</external-xref>) 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 subtitle before the conduct of the first lease
sale.</text>
</paragraph><paragraph id="H1B7CC0BE5602470DB6894B2799CBEA3"><enum>(3)</enum><header>Compliance with
NEPA for other actions</header><text>Before conducting the first lease sale
under this subtitle, the Secretary shall prepare an environmental impact
statement under the National Environmental Policy Act of 1969 with respect to
the actions authorized by this Act 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 subtitle shall be completed within 18
months after the date of enactment of this Act. 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 subtitle.</text>
</paragraph></subsection><subsection id="H8FE206AEE8FA414AB8123671773922BA"><enum>(d)</enum><header>Relationship to
State and Local Authority</header><text>Nothing in this subtitle shall be
considered to expand or limit State and local regulatory authority.</text>
</subsection><subsection id="HB6C0A0E4349F4F7B83F9F3874CC416BC"><enum>(e)</enum><header>Special
Areas</header>
<paragraph id="HB523B2E9E3D94695B3D7E9116E394F14"><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="H3C54555D04BB40C1BC9128EDCA11DEFF"><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="H30C1E83BEE5B40279C0078A9810000E1"><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="H3418F043C4B74503A18FD4B264B5F9C"><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="H14FECF4871D2435B97B184EA3F45FA78"><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 subtitle.</text>
</subsection><subsection id="HD5E125F730D74B7E902EE37B701047E2"><enum>(g)</enum><header>Regulations</header>
<paragraph id="H2FD0C9633D1F49B09FBE205078638390"><enum>(1)</enum><header>In
general</header><text>The Secretary shall prescribe such regulations as may be
necessary to carry out this subtitle, 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 Act.</text>
</paragraph><paragraph id="HE693989F4EC6401EA1F8153C098C607E"><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="H751421F8307E49F898D3BBF5AFE39E2"><enum>223.</enum><header>Lease
sales</header>
<subsection id="H9A0A2C3A1D45410CABF82F47F71E58F5"><enum>(a)</enum><header>In
General</header><text>Lands may be leased pursuant to this subtitle to any
person qualified to obtain a lease for deposits of oil and gas under the
Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/181">30 U.S.C. 181 et seq.</external-xref>).</text>
</subsection><subsection id="HF6C3524E11DD4D1E935C2641E740E5D7"><enum>(b)</enum><header>Procedures</header><text>The
Secretary shall, by regulation, establish procedures for—</text>
<paragraph id="HB6172AB634A94157908615CA342E0032"><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="HD17337718CEB43EE82A6D583F08E5024"><enum>(2)</enum><text>the holding of
lease sales under this subtitle after such nomination process; and</text>
</paragraph><paragraph id="HEC1BBB59C7A4445E9815854714E01590"><enum>(3)</enum><text>public notice of
and comment on designation of areas to be included in, or excluded from, a
lease sale under this subtitle.</text>
</paragraph></subsection><subsection id="H6845A842638F4771B7A0F4888E70733D"><enum>(c)</enum><header>Lease Sale
Bids</header><text>Bidding for leases under this subtitle shall be by sealed
competitive cash bonus bids.</text>
</subsection><subsection id="HCD27178D2C1E4AC5AAD7F3DCA999757B"><enum>(d)</enum><header>Acreage Minimum
in First Sale</header><text>In the first lease sale under this subtitle, 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="HC1B197C8E8F249BBBF52589418AF9563"><enum>(e)</enum><header>Timing of Lease
Sales</header><text>The Secretary shall—</text>
<paragraph id="H630C7B3A2B0144708CCD07D48043A819"><enum>(1)</enum><text>conduct the first
lease sale under this subtitle within 22 months after the date of the enactment
of this Act; and</text>
</paragraph><paragraph id="H1E08E69E016E4F1C85F8782754FAD5CA"><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="H8172DF4C208B4E13A4001B8FFA111885"><enum>224.</enum><header>Grant of leases
by the Secretary</header>
<subsection id="H751016092F5E4F3000E6944802A7D494"><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 223 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="HF01A9D282D1C4D17BA44A5CBD3951C75"><enum>(b)</enum><header>Subsequent
Transfers</header><text>No lease issued under this subtitle 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="H525D1E829FDE4DCF8C2F2D27ACB376AB"><enum>225.</enum><header>Lease terms and
conditions</header><text display-inline="no-display-inline">An oil or gas lease
issued pursuant to this subtitle shall—</text>
<paragraph id="HF444FAFDEE16446BBE7096007B289ED4"><enum>(1)</enum><text>provide for the
payment to the United States of a royalty of not less than
12<fraction>½</fraction> 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="H10D357496D5E4EAA804E1403828B9393"><enum>(2)</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="H6CCD8D831B294A2FA50191C75D92C4F4"><enum>(3)</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="H42DB9C29AA3341558CE728B36BF79704"><enum>(4)</enum><text>provide that the
standard of reclamation for lands required to be reclaimed under this subtitle
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="H4F2A2C76DDF44D6982741D7EE966DDFC"><enum>(5)</enum><text>include
requirements and restrictions to provide for reasonable protection of fish and
wildlife, their habitat, subsistence resources, and the environment as
determined by the Secretary;</text>
</paragraph><paragraph id="H552ED325C3264EFC9F17CB0000C36573"><enum>(6)</enum><text>prohibit the
export of oil produced under the lease; and</text>
</paragraph><paragraph id="HAC04A3C12B87437785B6B80781F80026"><enum>(7)</enum><text>contain such other
provisions as the Secretary determines necessary to ensure compliance with the
provisions of this subtitle and the regulations issued under this
subtitle.</text>
</paragraph></section><section id="HECD74265B23A4690BE6828C7C8C0FEEB"><enum>226.</enum><header>Coastal Plain
environmental protection</header>
<subsection id="H80FE31F52EB447698D70F03422D88F41"><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 222, administer the provisions of this subtitle through regulations,
lease terms, conditions, restrictions, prohibitions, stipulations, and other
provisions that—</text>
<paragraph id="H0F38D8CD8A4444E39ED870807762012F"><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="HA7CEEBDE281A41E6B1508E435778DF30"><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="H6CEC9EF5FB8044D9BDD5357BAC22D577"><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="H8F1D5E875A71444994884BD697215B70"><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="H8921D6824A624CD894006F9076E4E2CC"><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="H78F9E27D6DAB4661BBBF637C3629FEA5"><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="H63B3F4E7CDEF40E78000221C5253A917"><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="HC91A8004F9CA406DA300F54764F3D13"><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 subtitle, 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 subtitle are conducted in a manner consistent with the purposes and
environmental requirements of this subtitle.</text>
</subsection><subsection id="HFE11308DDAB04E9694256C1313EE28BF"><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 subtitle shall require
compliance with all applicable provisions of Federal and State environmental
law, and shall also require the following:</text>
<paragraph id="HB51C371E807343759D6FB71D6702C068"><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="H74BC66A5B1574826A199EA3E91C581FE"><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="H63ADD70C8271459BB9E9DA32B689C936"><enum>(3)</enum><text>Design safety and
construction standards for all pipelines and any access and service roads,
that—</text>
<subparagraph id="HCD64E55575694181A81203477975005D"><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="H9AF8565A451249768D4D00516DB919B3"><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="H447816E551214A93BADAB8502A0CA1B"><enum>(4)</enum><text>Prohibitions on
general public access and use on all pipeline access and service roads.</text>
</paragraph><paragraph id="HCBA5062AF0A54BFEAB3103BB02B30870"><enum>(5)</enum><text>Stringent
reclamation and rehabilitation requirements, consistent with the standards set
forth in this subtitle, 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="H38A250064A1A42BEA76C68087CD4AB00"><enum>(6)</enum><text>Appropriate
prohibitions or restrictions on access by all modes of transportation.</text>
</paragraph><paragraph id="HB1A301921FFE4A91AEF4AE64CBE7ED57"><enum>(7)</enum><text>Appropriate
prohibitions or restrictions on sand and gravel extraction.</text>
</paragraph><paragraph id="HB9825E66702A45768DF1F8846B220062"><enum>(8)</enum><text>Consolidation of
facility siting.</text>
</paragraph><paragraph id="H60ED062F12C040BCA2C2472FF391A97"><enum>(9)</enum><text>Appropriate
prohibitions or restrictions on use of explosives.</text>
</paragraph><paragraph id="HE88CDE1449B84A3BB212B998A5332640"><enum>(10)</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="H933DE85684B040E4A84DB1A867BDB97F"><enum>(11)</enum><text>Avoidance or
minimization of air traffic-related disturbance to fish and wildlife.</text>
</paragraph><paragraph id="HC002775A0F914D9EA2C16FEB6818C108"><enum>(12)</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="H91BF80AA707642499CBC7B00609513A4"><enum>(13)</enum><text>Fuel storage and
oil spill contingency planning.</text>
</paragraph><paragraph id="H9B9D03CBF0B144E08EFCFD6EF94F4398"><enum>(14)</enum><text>Research,
monitoring, and reporting requirements.</text>
</paragraph><paragraph id="HF4D00633E0AD4288B0B63BE910011CA3"><enum>(15)</enum><text>Field crew
environmental briefings.</text>
</paragraph><paragraph id="HF7453EB93ED34D6382E34E98624D042E"><enum>(16)</enum><text>Avoidance of
significant adverse effects upon subsistence hunting, fishing, and trapping by
subsistence users.</text>
</paragraph><paragraph id="H32C210C35F6D46B8B400ED491199C0FB"><enum>(17)</enum><text>Compliance with
applicable air and water quality standards.</text>
</paragraph><paragraph id="HF38F1D528D3240C18033018DEE492CCC"><enum>(18)</enum><text>Appropriate
seasonal and safety zone designations around well sites, within which
subsistence hunting and trapping shall be limited.</text>
</paragraph><paragraph id="HF2694396E7934A50844EBF98DDBE8DD"><enum>(19)</enum><text>Reasonable
stipulations for protection of cultural and archeological resources.</text>
</paragraph><paragraph id="H7B196B1A526B471C9700D0B544A87C0"><enum>(20)</enum><text>All other
protective environmental stipulations, restrictions, terms, and conditions
deemed necessary by the Secretary.</text>
</paragraph></subsection><subsection id="HC20553FFA6E448889F46366F19D3D4B8"><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="H639123EC2FA94CEF940050FADABD44B1"><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="H6A2AE0339B5D425F8237D22B062886F"><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="H1139E089FF6F447891009B34E5EABE32"><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="H3BC05BF4CD784BB6B6000088C16C3E52"><enum>(f)</enum><header>Facility
Consolidation Planning</header>
<paragraph id="H14E22A4A084B49899D0058F0038912A9"><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="H2B24EF172169444FBE776EFFFAF8B34"><enum>(2)</enum><header>Objectives</header><text>The
plan shall have the following objectives:</text>
<subparagraph id="H586793D465214A6CBB01B8828800DBAD"><enum>(A)</enum><text>Avoiding
unnecessary duplication of facilities and activities.</text>
</subparagraph><subparagraph id="HF4B9AD3A0E4E416B8F8804081984DF51"><enum>(B)</enum><text>Encouraging
consolidation of common facilities and activities.</text>
</subparagraph><subparagraph id="H06679AA44E3E4DF28FD555FBCFAE213"><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="HB554BCF9536946E5B0BF364FDCABA29C"><enum>(D)</enum><text>Utilizing existing
facilities wherever practicable.</text>
</subparagraph><subparagraph id="HC1914750883E491DA720B77F00D61C05"><enum>(E)</enum><text>Enhancing
compatibility between wildlife values and development activities.</text>
</subparagraph></paragraph></subsection><subsection id="H06B781FA24F64CE8B6D36D73D196BA8F"><enum>(g)</enum><header>Access to Public
Lands</header><text>The Secretary shall—</text>
<paragraph id="H04C8484E329847D293DD54B0039AF50"><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 (<external-xref legal-doc="usc" parsable-cite="usc/16/3121">16 U.S.C. 3121</external-xref>); and</text>
</paragraph><paragraph id="HA3851913C7A74AA1B8072300F2A346E6"><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="HD23CF04F5AF9494D93AFD8881CFB0000"><enum>227.</enum><header>Expedited
judicial review</header>
<subsection id="H9F152638B2C1475E8D583EAF91D8B306"><enum>(a)</enum><header>Filing of
Complaint</header>
<paragraph id="H91A435443DF8406E946134C5DA8202B7"><enum>(1)</enum><header>Deadline</header><text>Subject
to paragraph (2), any complaint seeking judicial review of any provision of
this Act or any action of the Secretary under this subtitle shall be
filed—</text>
<subparagraph id="H46EBE0D7ACB24CA69DD272247737BBF1"><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="H3FB94096EC1A49ACA45816991685CA76"><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="H0BAAA9BDF9D74DC08E24009009B9B1D4"><enum>(2)</enum><header>Venue</header><text>Any
complaint seeking judicial review of any provision of this subtitle or any
action of the Secretary under this subtitle may be filed only in the United
States Court of Appeals for the District of Columbia.</text>
</paragraph><paragraph id="H1DA17606CCAB4322B1898742D1F4C2CF"><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 subtitle, including the environmental
analysis thereof, shall be limited to whether the Secretary has complied with
the terms of this subtitle 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 subtitle shall be presumed to be correct unless shown
otherwise by clear and convincing evidence to the contrary.</text>
</paragraph></subsection><subsection id="H33AD91E13F1C40069F78D8B76E9113A2"><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="H28A1C54542634AD8A8919FDF8CC03724"><enum>228.</enum><header>Federal and
State distribution of revenues</header>
<subsection id="H21414184215F43E285F82512C2BEC00"><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 subtitle—</text>
<paragraph id="H846C4EB48EF14825A6C19520201C468F"><enum>(1)</enum><text>45 percent shall
be paid to the State of Alaska;</text>
</paragraph><paragraph id="H419131FCDF1D47F7BE8D375BBB8D6596"><enum>(2)</enum><text>50 percent shall
be deposited into the Energy VISION Fund established by section 201;</text>
</paragraph><paragraph id="HC21EDF830AFD409BABCA1201D8A58B3"><enum>(3)</enum><text>5
percent shall be deposited into a separate account in the Treasury which shall
be available to the Secretary of the Interior and the Administrator of the
Environmental Protection Agency to mitigate for any environmental damage that
occurs as a result of extraction activities authorized under this subtitle,
regardless of whether the damage is—</text>
<subparagraph id="H79FAFC6F73824D72995968DEF3AFF1FE"><enum>(A)</enum><text>reasonable
foreseeable; or</text>
</subparagraph><subparagraph id="H53A349A443274261BD1007E7FB8CCB59"><enum>(B)</enum><text>caused by
negligence, natural disasters, or other acts.</text>
</subparagraph></paragraph></subsection><subsection id="HFBAA1253EA114BDC93466D236D1056D"><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="H15228DA99FA947A784987900056BEEE1"><enum>229.</enum><header>Rights-of-way
across the Coastal Plain</header>
<subsection id="H1F1D28C950A24A69BEC3CF158292BBC0"><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="H75856F1FB8F04B018446AB74004CABB5"><enum>(1)</enum><text>except as provided
in paragraph (2), under section 28 of the Mineral Leasing Act (<external-xref legal-doc="usc" parsable-cite="usc/30/185">30 U.S.C. 185</external-xref>),
without regard to title XI of the Alaska National Interest Lands Conservation
Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>); and</text>
</paragraph><paragraph id="H1E424084A48249C787FEC4BDB0617E7"><enum>(2)</enum><text>under title XI of
the Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/30/3161">30 U.S.C. 3161 et seq.</external-xref>),
for access authorized by sections 1110 and 1111 of that Act (16 U.S.C. 3170 and
3171).</text>
</paragraph></subsection><subsection id="H5D8EEB0A234645A80023C5C93EE50AC"><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="HD656E94F9DFB445396F77847F012FAB0"><enum>(c)</enum><header>Regulations</header><text>The
Secretary shall include in regulations under section 2(g) provisions granting
rights-of-way and easements described in subsection (a) of this section.</text>
</subsection></section><section id="H2E8EE9F2AFCF4CE2B751D7C251556240"><enum>230.</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 section 1302(h)(2) of the
Alaska National Interest Lands Conservation Act (<external-xref legal-doc="usc" parsable-cite="usc/16/3192">16 U.S.C. 3192(h)(2)</external-xref>), shall
convey—</text>
<paragraph id="H2066C8EDC1B74D5098CEF80882643C54"><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="H993844B49DC44B55AF5BE20748DDBCC3"><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="H6784E9970A4D4777ACBDD500EED6AFD1"><enum>231.</enum><header>Local
government impact aid and community service assistance</header>
<subsection id="HB01799B9817C4DE190862988E4D8FF38"><enum>(a)</enum><header>Financial
Assistance Authorized</header>
<paragraph id="H7D85AC4A882247AE8CF1D4AE00F014F3"><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 subtitle.</text>
</paragraph><paragraph id="H8A57BB7F95144AA09B5792E75848C100"><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 Act, as determined by the Secretary,
shall be eligible for financial assistance under this section.</text>
</paragraph></subsection><subsection id="H74FCD0FC706448BFB45F477752A4A893"><enum>(b)</enum><header>Use of
Assistance</header><text>Financial assistance under this section may be used
only for—</text>
<paragraph id="HE99C84927AE344A88D2F28AC50E0A171"><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="HD9F4186B6BEC43CD9FAD4989C9BD84C9"><enum>(2)</enum><text>implementing
mitigation plans and maintaining mitigation projects;</text>
</paragraph><paragraph id="HB44B59A6230942E9A9BC06AD44892E00"><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="HD97BE5E7DF8C4FB881C8DC66A6C97E37"><enum>(4)</enum><text>establishment of a
coordination office, by the North Slope Borough, in the City of Kaktovik, which
shall—</text>
<subparagraph id="H74137465016C46E9AF665D0093C027B"><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="H1D7A786E646C4532B2D7D4E28EDF985D"><enum>(B)</enum><text>provide to the
Committee on Natural 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="HF44E82CAEF274FAB927708410067CFB6"><enum>(c)</enum><header>Application</header>
<paragraph id="H9401BA6132164E1A8EA700E7C394681B"><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="HF8EDBB59EBE84A3E98857E1029809F66"><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="HCA0F6A16F3D249D500006552B501F73"><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></section></subtitle><subtitle id="H3FFDACE905A34B38826F26C7AC27DB1C"><enum>C</enum><header>Nuclear
Energy</header>
<section id="H8D54C9D157E84D39B4F1CF001FA7ABE9"><enum>241.</enum><header>Short
title</header><text display-inline="no-display-inline">This subtitle may be
cited as the <quote><short-title>Declaring a Change in our Operating System for
the Promotion of Nuclear Energy Act</short-title></quote>.</text>
</section><section id="H2980BE1C912748F28F327BB2A33BBAF4"><enum>242.</enum><header>Hearings under
Atomic Energy Act of 1954</header>
<subsection id="HB17B3638B3AE42FEB56D565B0351907B"><enum>(a)</enum><text>Section 189
a.(1)(A) of the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2239">42 U.S.C. 2239(a)(1)(A)</external-xref>) is amended
by—</text>
<paragraph id="HA76EEA04864241E0BB6E57C474368719"><enum>(1)</enum><text>in the second
sentence—</text>
<subparagraph id="H88F8BBE8D41E436700E6F25BA6EB1807"><enum>(A)</enum><text>deleting that
portion of the sentence that begins with <quote>The Commission</quote> and ends
with <quote>Federal Register, on</quote> and inserting
<quote>On</quote>;</text>
</subparagraph><subparagraph id="H5921F1F3616C4C23B6B41F7881C8A910"><enum>(B)</enum><text>inserting
<quote>or an operating license</quote> after <quote>construction permit</quote>
each time <quote>construction permit</quote> is used in the sentence;
and</text>
</subparagraph><subparagraph id="H73FCCB673B3C4284BD639CA028E1002D"><enum>(C)</enum><text>deleting the
period at the end of the sentence; and</text>
</subparagraph></paragraph><paragraph id="H98CC0BD67A954719946626EF333D64CF"><enum>(2)</enum><text>in the third
sentence—</text>
<subparagraph id="H3E54B441DCB5418C93CD8045003F59D2"><enum>(A)</enum><text>deleting that
portion of the sentence that beings with <quote>In cases</quote> and ends with
<quote>such a hearing</quote>;</text>
</subparagraph><subparagraph id="H974FA78092A54C58B93EE4174EAB7319"><enum>(B)</enum><text>deleting
<quote>therefor</quote> and inserting <quote>for a hearing</quote>; and</text>
</subparagraph><subparagraph id="H8715A257FB5F467396A923FBE19EF11"><enum>(C)</enum><text>deleting
<quote>issue an operating license</quote> and inserting <quote>issue a
construction permit, an operating license,</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="HABC6F5836D0C49C5BA4C74382B7FC47D"><enum>(b)</enum><text>Section 189 of the
Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2239">42 U.S.C. 2239</external-xref>) is further amended by—</text>
<paragraph id="H4CADDA416286412496D7D32EEBB5166"><enum>(1)</enum><text>in
the second sentence of subsection a.(2)(A) (<external-xref legal-doc="usc" parsable-cite="usc/42/2239">42 U.S.C. 2239(a)(2)(A)</external-xref>), deleting
<quote>required hearing</quote> and inserting <quote>hearing held by the
Commission under this section</quote>; and</text>
</paragraph><paragraph id="HFEBF62F377F44E3EB00056FE1FA4E8CF"><enum>(2)</enum><text>in subsection b.
(<external-xref legal-doc="usc" parsable-cite="usc/42/2239">42 U.S.C. 2239(b)</external-xref>), revising paragraph (2) by deleting <quote>to begin
operating</quote> and inserting <quote>to operate</quote>.</text>
</paragraph></subsection><subsection id="H15961161BA5948028EAEA166E4E000C6"><enum>(c)</enum><text>The first sentence
of subsection b. of section 185 of the Atomic Energy Act of 1954 (42 U.S.C.
2235(b)) is amended by deleting <quote>After holding a public hearing under
section 189 a.(1)(A),</quote> and inserting <quote>After holding a hearing
under section 189 a.(1)(A), or if the Commission has determined that no hearing
is required to be held under section 189 a.(1)(A),</quote>.</text>
</subsection><subsection id="H4AC661076DBC443FBCFFA662F942CCE"><enum>(d)</enum><text>Section 193(b) of
the Atomic Energy Act of 1954 (<external-xref legal-doc="usc" parsable-cite="usc/42/2243">42 U.S.C. 2243(b)</external-xref>) is amended by—</text>
<paragraph id="HB3E961BA9B88417C9544C3DB25C06449"><enum>(1)</enum><text>in paragraph (1),
deleting <quote>on the record with regard to the licensing of the construction
and operation of a uranium enrichment facility under sections 53 and 63</quote>
and inserting <quote>, if a person whose interest may be affected by the
construction and operation of a uranium enrichment facility under sections 53
and 63 has requested a hearing regarding the licensing of the construction and
operation of the facility</quote>; and</text>
</paragraph><paragraph id="H4DB83CC96931465CA69BB39929FA96DE"><enum>(2)</enum><text>in paragraph (2),
deleting <quote>Such hearing</quote> and inserting, <quote>If a hearing is held
under paragraph (1), the hearing</quote>.</text>
</paragraph></subsection><subsection id="HB333EBEE40FE4A489B7C6F53167218AB"><enum>(e)</enum><text>The amendments in
this section shall apply to all applications and proceedings pending before the
Commission on or after the date of enactment of this section.</text>
</subsection></section></subtitle><subtitle id="H5E33B86E9F2045EAB7C376189FEB71AC"><enum>D</enum><header>Coal-To-Liquids</header>
<section id="H175698B2F53B41178004E4C164067C22" section-type="subsequent-section"><enum>251.</enum><header>Standby loans for
qualifying coal-to-liquids projects</header><text display-inline="no-display-inline">Section 1702 of the Energy Policy Act of
2005 (<external-xref legal-doc="usc" parsable-cite="usc/42/16512">42 U.S.C. 16512</external-xref>) is amended by adding at the end the following new
subsection:</text>
<quoted-block display-inline="no-display-inline" id="H30DA1BCDB98544E292A74B946E92ABFF" style="OLC">
<subsection id="H76B644B05E3D4C63B7FB81D4453240F6"><enum>(k)</enum><header>Standby Loans
for Qualifying CTL Projects</header>
<paragraph id="HC4759E6A3B1D46D38D00F9201100DC62"><enum>(1)</enum><header>Definitions</header><text>For
purposes of this subsection:</text>
<subparagraph id="HCB32C2FA95C343E9B01B002339F92569"><enum>(A)</enum><header>Cap
price</header><text>The term <term>cap price</term> means a market price
specified in the standby loan agreement above which the project is required to
make payments to the United States.</text>
</subparagraph><subparagraph id="H1824EC898F52412D89004B6849DBD381"><enum>(B)</enum><header>Full
term</header><text>The term <term>full term</term> means the full term of a
standby loan agreement, as specified in the agreement, which shall not exceed
the lesser of 30 years or 90 percent of the projected useful life of the
project (as determined by the Secretary).</text>
</subparagraph><subparagraph id="H4C4E619D68A4404C9D6EC9893D9DD77E"><enum>(C)</enum><header>Market
price</header><text>The term <term>market price</term> means the average
quarterly price of a petroleum price index specified in the standby loan
agreement.</text>
</subparagraph><subparagraph id="HABB496668EE24BBB9D1EA0923E089E05"><enum>(D)</enum><header>Minimum
price</header><text>The term <term>minimum price</term> means a market price
specified in the standby loan agreement below which the United States is
obligated to make disbursements to the project.</text>
</subparagraph><subparagraph id="H50CFE024D75940A0A9D1698870897000"><enum>(E)</enum><header>Output</header><text>The
term <term>output</term> means some or all of the liquid or gaseous
transportation fuels produced from the project, as specified in the loan
agreement.</text>
</subparagraph><subparagraph id="HC8CE4FFCED41485A8DDC83121175466B"><enum>(F)</enum><header>Primary
term</header><text>The term <term>primary term</term> means the initial term of
a standby loan agreement, as specified in the agreement, which shall not exceed
the lesser of 20 years or 75 percent of the projected useful life of the
project (as determined by the Secretary).</text>
</subparagraph><subparagraph id="H457F8A55079D4DFF92F2AE34C0B0E3C9"><enum>(G)</enum><header>Qualifying ctl
project</header><text>The term <term>qualifying CTL project</term>
means—</text>
<clause id="HFC28F81475EA4AE188171E6D175473BE"><enum>(i)</enum><text>a
commercial-scale project that converts coal to one or more liquid or gaseous
transportation fuels; or</text>
</clause><clause id="H0604B28B91E545758FA7761078006F6B"><enum>(ii)</enum><text>not more than one
project at a facility that converts petroleum refinery waste products,
including petroleum coke, into one or more liquids or gaseous transportation
fuels,</text>
</clause><continuation-text continuation-text-level="subparagraph">that
demonstrates the capture, and sequestration or disposal or use of, the carbon
dioxide produced in the conversion process, and that, on the basis of a carbon
dioxide sequestration plan prepared by the applicant, is certified by the
Administrator of the Environmental Protection Agency, in consultation with the
Secretary, as producing fuel with life cycle carbon dioxide emissions at or
below the average life cycle carbon dioxide emissions for the same type of fuel
produced at traditional petroleum based facilities with similar annual
capacities.</continuation-text></subparagraph><subparagraph id="H51DFD89B534D451D86A9795D47C56855"><enum>(H)</enum><header>Standby loan
agreement</header><text>The term <term>standby loan agreement</term> means a
loan agreement entered into under paragraph (2).</text>
</subparagraph></paragraph><paragraph id="H0441D6BB9B2349E5B6C0F5DB2737788B"><enum>(2)</enum><header>Standby
Loans</header>
<subparagraph id="HE32EDE4EF82146629DC9F82C96670766"><enum>(A)</enum><header>Loan
Authority</header><text>The Secretary may enter into standby loan agreements
with not more than six qualifying CTL projects, at least one of which shall be
a project jointly or in part owned by two or more small coal producers. Such an
agreement—</text>
<clause id="H20BA4BCFE34A45B59F484DF7E5DE0E3"><enum>(i)</enum><text>shall provide that
the Secretary will make a direct loan (within the meaning of section 502(1) of
the Federal Credit Reform Act of 1990) to the qualifying CTL project;
and</text>
</clause><clause id="H32E946997E0E4E7FBA501045001BB3BA"><enum>(ii)</enum><text>shall set a cap
price and a minimum price for the primary term of the agreement.</text>
</clause></subparagraph><subparagraph id="HDC94D72A5D1B45BC807E008B6C5EC4E6"><enum>(B)</enum><header>Loan
Disbursements</header><text>Such a loan shall be disbursed during the primary
term of such agreement whenever the market price falls below the minimum price.
The amount of such disbursements in any calendar quarter shall be equal to the
excess of the minimum price over the market price, times the output of the
project (but not more than a total level of disbursements specified in the
agreement).</text>
</subparagraph><subparagraph id="H4D175BD465604D40A493F7F5BC3D0030"><enum>(C)</enum><header>Loan
Repayments</header><text>The Secretary shall establish terms and conditions,
including interest rates and amortization schedules, for the repayment of such
loan within the full term of the agreement, subject to the following
limitations:</text>
<clause id="H7CDFA9EAE519453D8391742651ACF7DB"><enum>(i)</enum><text>If
in any calendar quarter during the primary term of the agreement the market
price is less than the cap price, the project may elect to defer some or all of
its repayment obligations due in that quarter. Any unpaid obligations will
continue to accrue interest.</text>
</clause><clause id="H3907E5A90A9E4816BF9C166CCB6CD101"><enum>(ii)</enum><text>If in any
calendar quarter during the primary term of the agreement the market price is
greater than the cap price, the project shall meet its scheduled repayment
obligation plus deferred repayment obligations, but shall not be required to
pay in that quarter an amount that is more than the excess of the market price
over the cap price, times the output of the project.</text>
</clause><clause id="H1FDA6CF07FF84ADDA528EDB5B57A26E"><enum>(iii)</enum><text>At the end of the
primary term of the agreement, the cumulative amount of any deferred repayment
obligations, together with accrued interest, shall be amortized (with interest)
over the remainder of the full term of the agreement.</text>
</clause></subparagraph></paragraph><paragraph id="H4D88C49AC59640A9AF9EC419ED68A2F5"><enum>(3)</enum><header>Profit-sharing</header><text>The
Secretary is authorized to enter into a profit-sharing agreement with the
project at the time the standby loan agreement is executed. Under such an
agreement, if the market price exceeds the cap price in a calendar quarter, a
profit-sharing payment shall be made for that quarter, in an amount equal
to—</text>
<subparagraph id="H5C297E38CC1B42C7909D2F660000106D"><enum>(A)</enum><text>the excess of the
market price over the cap price, times the output of the project; less</text>
</subparagraph><subparagraph id="H8557769F3A0E49D4924975FD159485C2"><enum>(B)</enum><text>any loan
repayments made for the calendar quarter.</text>
</subparagraph></paragraph><paragraph id="H74A655BB90A9495D92DA007C227F14E3"><enum>(4)</enum><header>Compliance with
Federal Credit Reform Act</header>
<subparagraph id="HFEF8D97B7119448598EDFFBF92294605"><enum>(A)</enum><header>Upfront Payment
of Cost of Loan</header><text>No standby loan agreement may be entered into
under this subsection unless the project makes a payment to the United States
that the Office of Management and Budget determines is equal to the cost of
such loan (determined under 502(5)(B) of the Federal Credit Reform Act of
1990). Such payment shall be made at the time the standby loan agreement is
executed.</text>
</subparagraph><subparagraph id="HE7CD3D7F72F74350AE8F75042BCA6C19"><enum>(B)</enum><header>Minimization of
Risk to the Government</header><text>In making the determination of the cost of
the loan for purposes of setting the payment for a standby loan under
subparagraph (A), the Secretary and the Office of Management and Budget shall
take into consideration the extent to which the minimum price and the cap price
reflect historical patterns of volatility in actual oil prices relative to
projections of future oil prices, based upon publicly available data from the
Energy Information Administration, and employing statistical methods and
analyses that are appropriate for the analysis of volatility in energy
prices.</text>
</subparagraph><subparagraph id="H6E1D19844F95454583CD9F3C492300BF"><enum>(C)</enum><header>Treatment of
Payments</header><text>The value to the United States of a payment under
subparagraph (A) and any profit-sharing payments under paragraph (3) shall be
taken into account for purposes of section 502(5)(B)(iii) of the Federal Credit
Reform Act of 1990 in determining the cost to the Federal Government of a
standby loan made under this subsection. If a standby loan has no cost to the
Federal Government, the requirements of section 504(b) of such Act shall be
deemed to be satisfied.</text>
</subparagraph></paragraph><paragraph id="H58799EB690624691B4A2EF18C146F72E"><enum>(5)</enum><header>Other
Provisions</header>
<subparagraph id="H39ACCF1A7EDB476A8B19C76B44000064"><enum>(A)</enum><header>No Double
Benefit</header><text>A project receiving a loan under this subsection may not,
during the primary term of the loan agreement, receive a Federal loan guarantee
under subsection (a) of this section, or under other laws.</text>
</subparagraph><subparagraph id="HB03D8DB4A76B4749B489B6235B0061DE"><enum>(B)</enum><header>Subrogation,
Etc</header><text>Subsections (g)(2) (relating to subrogation), (h) (relating
to fees), and (j) (relating to full faith and credit) shall apply to standby
loans under this subsection to the same extent they apply to loan
guarantees.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section></subtitle>