Coal Substitution Incentive Act

Summary

Coal Substitution Incentive Act - Amends the Energy Supply and Environmental Coordination Act of 1974 to authorize the Administrator of the Federal Energy Administration to make and guarantee loans to assist industries in the purchase and installation of air pollution control devices for coal-fired boilers and heating devices. Limits the aggregate amount of outstanding loan guarantees to $5,000,000,000. Limits the aggregate amount of outstanding loans to $1,000,000,000. Establishes additional criteria and limitations on the making of such loans and guarantees. Stipulates that no such commitments shall be made after January 1, 1985. Authorizes the appropriation of $200,000,000 for each of fiscal years 1978 through 1982 for the purposes of this Act. Stipulates that priority consideration shall be given to requests for assistance by facilities in receipt of coal conversion orders issued by the Administrator under the Energy Supply and Environmental Coordination Act of 1974.

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1 official file

• Introduced in Senate

  summary · EN · 14 January 1977

  Open at official source

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