A bill to amend the Energy Security Act to authorize the Synthetic Fuels Corporation to guarantee loans and other obligations issued by local units of government to mitigate adverse impacts of synthetic fuel projects.

Summary

Amends the Energy Security Act to authorize the Synthetic Fuels Corporation to guarantee loans and other obligations issued by local governments to mitigate adverse social and economic impacts of synthetic fuel projects under the Corporation's jurisdiction. Permits the Corporation to guarantee loans in an aggregate amount up to ten percent of its aggregate obligational authority under such Act. Limits the Corporation's authority under this Act to loans or obligations with a maturity of 30 years or less.

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1 official file

• Introduced in House

  summary · EN · 15 July 1981

  Open at official source

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