Sec. 12403. DEFINITIONS
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## SEC. 12403 DEFINITIONS ###
(a)In General Section 703 of the National Oilheat Research Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is amended— ####
(1)by redesignating paragraphs
(3)through
(15)as paragraphs
(4)through (16), respectively; ####
(2)by inserting after paragraph
(2)the following: > > #### “(3) Cost-effective > > The term ‘**cost-effective**’, with respect to a program or activity carried out under section 707(f)(4), means that the program or activity meets a total resource cost test under which— > > > ##### “(A) > > the net present value of economic benefits over the life of the program or activity, including avoided supply and delivery costs and deferred or avoided investments; is greater than > > > ##### “(B) > > the net present value of the economic costs over the life of the program or activity, including program costs and incremental costs borne by the energy consumer.” > ; and ####
(3)by striking paragraph
(8)(as redesignated in paragraph (1)) and inserting the following: > > #### “(8) Oilheat fuel > > The term ‘**oilheat fuel**’ means fuel that— > > > ##### “(A) > > is— > > > ###### “(i) > > No. 1 distillate; > > > ###### “(ii) > > No. 2 dyed distillate; > > > ###### “(iii) > > a liquid blended with No. 1 distillate or No. 2 dyed distillate; or > > > ###### “(iv) > > a biobased liquid; and > > > ##### “(B) > > is used as a fuel for nonindustrial commercial or residential space or hot water heating.” > . ###
(b)Conforming Amendments ####
(1)The National Oilheat Research Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is amended by striking “**oilheat**” each place it appears and inserting “**oilheat fuel**”. ####
(2)Section 704(d) of the National Oilheat Research Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is amended in the subsection heading by striking “**Oilheat**” and inserting “**Oilheat Fuel**”. ####
(3)Section 706(c)(2) of the National Oilheat Research Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is amended in the paragraph heading by striking “**oilheat**” and inserting “**oilheat fuel**”. ####
(4)Section 707(c) of the National Oilheat Research Alliance Act of 2000 (42 U.S.C. 6201 note; Public Law 106-469) is amended in the subsection heading by striking “**Oilheat**” and inserting “**Oilheat Fuel**”.
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- Pub. L. 106-469
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