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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 42 U.S.C. § 16503 | Sugar ethanol loan guarantee program | us | united_states_code | code_section | 42 | THE PUBLIC HEALTH AND WELFARE | 149 | NATIONAL ENERGY POLICY AND PROGRAMS | 16503 | 42 U.S.C. § 16503 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip | /us/usc/t42/s16503 | data/legal/raw/us/code/title-42/usc42.xml | a672fe040a1e5667d478b7a810562f25a62ed04a06d47942f9e348064c6efcf5 | 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e | 3da160a277698066a59b1358b5b34c7b9bea25fbd838b0c9841c18ce17d0240d | 2026-07-04 | official |
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42 U.S.C. § 16503 - Sugar ethanol loan guarantee program
Text
(a) In general Funds may be provided for the cost (as defined in section 661a of title 2) of loan guarantees issued under title XIV 11 See References in Text note below. to carry out commercial demonstration projects for ethanol derived from sugarcane, bagasse, and other sugarcane byproducts.
(b) Demonstration projects The Secretary may issue loan guarantees under this section to projects to demonstrate commercially the feasibility and viability of producing ethanol using sugarcane, sugarcane bagasse, and other sugarcane byproducts as a feedstock.
(c) Requirements An applicant for a loan guarantee under this section may provide assurances, satisfactory to the Secretary, that—
(1) the project design has been validated through the operation of a continuous process facility;
(2) the project has been subject to a full technical review;
(3) the project, with the loan guarantee, is economically viable; and
(4) there is a reasonable assurance of repayment of the guaranteed loan.
(d) Limitations (1) Maximum guarantee Except as provided in paragraph (2), a loan guarantee under this section—
(A) may be issued for up to 80 percent of the estimated cost of a project; but
(B) shall not exceed $50,000,000 for any 1 project.
(2) Additional guarantees (A) In general The Secretary may issue additional loan guarantees for a project to cover—
(i) up to 80 percent of the excess of actual project costs; but
(ii) not to exceed 15 percent of the amount of the original loan guarantee.
(B) Principal and interest Subject to subparagraph (A), the Secretary shall guarantee 100 percent of the principal and interest of a loan guarantee made under subparagraph (A).
(Pub. L. 109–58, title XV, § 1516, Aug. 8, 2005, 119 Stat. 1091.)
Notes
Editorial Notes
References in TextTitle XIV, referred to in subsec. (a), is title XIV of Pub. L. 109–58, Aug. 8, 2005, 119 Stat. 1061, which enacted subchapter XIII of this chapter and section 13557 of this title.