To direct the Secretary of Agriculture to establish a program to provide covered institutions loans for conversion to use of biomass for energy generation.

Summary

Requires the Secretary of Agriculture to: (1) establish a program to provide zero-interest loans to covered institutions (i.e., an institution of higher education, an elementary or secondary school, or a hospital) for capital costs for converting to the use of biomass for energy generation; and (2) ensure that an institution receiving such a loan will use woody biomass for not less than 75% of the energy generation resulting from such conversion. Establishes in the Treasury a revolving fund for such program. Requires the Secretary to: (1) deposit amounts received as payment on loans provided under such program into such revolving fund; and (2) make available $100 million of the funds of the Commodity Credit Corporation to such revolving fund.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 April 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 29 April 2009

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• Introduced in House

  summary · EN · 29 April 2009

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