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42 U.S.C. § 16503

Sugar ethanol loan guarantee program

United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective

Banking, Finance & Insurance
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42 U.S.C. § 16503, Sugar ethanol loan guarantee program, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/484194
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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. 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. An applicant for a loan guarantee under this section may provide assurances, satisfactory to the Secretary, that— Except as provided in paragraph (2), a loan guarantee under this section— The Secretary may issue additional loan guarantees for a project to cover— Subject to subparagraph (A), the Secretary shall guarantee 100 percent of the principal and interest of a loan guarantee made under subparagraph (A).

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.