Industrial Energy Conservation Act of 1979

Summary

Industrial Energy Conservation Act of 1979 - Directs the Secretary of Energy to develop a research, development, and demonstration program concerning energy-conserving industrial technologies, including the making of grants to facilitate incorporation of such technologies into ongoing commercially conducted industrial enterprises and processes. Sets forth priorities in determining the activities of such program and in selecting contract and grant recipients. Authorizes the Secretary to make loans and loan guarantees for the purchase, construction, operation, or maintenance of energy-efficient equipment or facilities. Sets forth priorities for selecting recipients for such loans and loan guarantees and states requirements for regulations to be issued by the Secretary concerning such loans and loan guarantees. Directs the Secretary to provide technical assistance to private industrial concerns to help establish and implement industrial energy conservation projects. Authorizes the appropriation of up to $35,000,000 for fiscal year 1980 and $50,000,000 for fiscal year 1981 to carry out the research, development, and demonstration program and technical assistance provisions of this Act, and up to $30,000,000 for fiscal year 1980 and $45,000,000 for fiscal year 1981 to carry out the loan provisions of this Act. Authorizes the appropriation of up to $500,000,000 in the aggregate for the loan guarantee provisions of this Act.

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1 official file

• Introduced in House

  summary · EN · 8 June 1979

  Open at official source

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