Industrial Energy Conservation Act

Summary

Industrial Energy Conservation Act - Directs the Administrator of Energy Research and Development to establish and maintain a comprehensive program for research, development, and demonstration of industrial energy conserving technologies. Specifies criteria that the Administrator is required to apply in reaching decisions regarding the directions, priorities, activities, and operations of the industrial energy conservation program. Authorizes the Administrator to make loans and loan guarantees for the purchase, construction, operation, or maintenance of energy-efficient equipment or facilities. Directs the Administrator to give special priority to loan recipients in depressed industrial areas. Establishes limits on the amount of outstanding indebtedness to be guaranteed under this Act. Stipulates that no guarantee or commitment to guarantee shall be undertaken after September 30, 1977. Details procedures in the event of a default on guaranteed obligations. Authorizes the appropriation of the following amounts for research and development programs authorized by this Act: (1) $55,000,000 for the fiscal year ending June 30, 1976; (2) $20,000,000 for the transitional quarter ending September 30, 1976; and (3) $100,000,000 for fiscal year 1977. Authorizes the appropriation of the following amounts for the purpose of making loans under this Act: (1) $22,500,000 for fiscal year 1975; (2) $45,000,000 for the fiscal year ending June 30, 1976; (3) $22,500,000 for the transitional quarter; and (4) $45,000,000 for fiscal year 1977. Authorizes the appropriation of up to $500,000,000 to be paid in the event of a default on obligations guaranteed under this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.