National Energy Trust Fund Act

Summary

National Energy Trust Fund Act - Establishes a National Energy Trust Fund. Directs the Secretary of Energy to provide from such fund assistance to individuals and organizations in conducting research, development, and technical demonstrations designed to develop alternative energy sources, including solar energy, geothermal energy, and new hydroelectric energy uses. Limits assistance to any one individual or organization to $120,000,000 in any fiscal year, with a specified exception. Directs the Secretary to prescribe regulations, including specific guidelines and criteria, to encourage assistance to small business applicants and to provide assurances that assistance will be provided for as many different technologies and approaches for the development of alternative energy sources as possible. Requires a report by the Secretary to Congress on the implementation of this Act. Authorizes appropriations to the trust fund.

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• Introduced in House

  summary · EN · 26 February 1981

  Open at official source

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