Sec. 9003. BIOREFINERY ASSISTANCE
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## SEC. 9003 BIOREFINERY ASSISTANCE ###
(a)Program Adjustments Section 9003 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8103) is amended— ####
(1)in the section heading, by inserting “, renewable chemical, and biobased product manufacturing” after “biorefinery”; ####
(2)in subsection (a), in the matter preceding paragraph (1), by inserting “renewable chemicals, and biobased product manufacturing” after “advanced biofuels,”; ####
(3)in subsection (b)— #####
(A)by redesignating paragraphs
(1)and
(2)as paragraphs
(2)and (3), respectively; and #####
(B)by inserting before paragraph
(2)(as so redesignated) the following: > > #### “(1) Biobased product manufacturing > > The term ‘biobased product manufacturing’ means development, construction, and retrofitting of technologically new commercial-scale processing and manufacturing equipment and required facilities that will be used to convert renewable chemicals and other biobased outputs of biorefineries into end-user products on a commercial scale.” > ; ####
(4)in subsection (c), by striking “to eligible entities” and all that follows through “guarantees for loans” and inserting “to eligible entities guarantees for loans”; ####
(5)by striking subsection (d); ####
(6)by redesignating subsections (e), (f), (g), and
(h)as subsections (d), (e), (f), and (g), respectively; and ####
(7)in subsection
(d)(as so redesignated)— #####
(A)in paragraph (1), by adding at the end the following new subparagraph: > > ##### “(D) Project diversity > > In approving loan guarantee applications, the Secretary shall ensure that, to the extent practicable, there is diversity in the types of projects approved for loan guarantees to ensure that as wide a range as possible of technologies, products, and approaches are assisted.” > . #####
(B)by striking “subsection (c)(2)” each place it appears and inserting “subsection (c)”; and #####
(C)in paragraph (2)(C), by striking “subsection (h)” and inserting “subsection (g)”. ###
(b)Funding Subsection
(g)of section 9003 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8103) (as redesignated by paragraph (6)) is amended— ####
(1)by striking paragraph
(1)and inserting the following: > > #### “(1) Mandatory funding > > > ##### “(A) In general > > Subject to subparagraph (B), of the funds of the Commodity Credit Corporation, the Secretary shall use for the cost of loan guarantees under this section, to remain available until expended— > > > ###### “(i) > > $100,000,000 for fiscal year 2014; and > > > ###### “(ii) > > $50,000,000 for each of fiscal years 2015 and 2016. > > > ##### “(B) Biobased product manufacturing > > Of the total amount of funds made available for fiscal years 2014 and 2015 under subparagraph (A), the Secretary may use for the cost of loan guarantees under this section not more than 15 percent of such funds to promote biobased product manufacturing.” > ; and ####
(2)in paragraph (2), by striking “$150,000,000 for each of fiscal years 2009 through 2013” and inserting “$75,000,000 for each of fiscal years 2014 through 2018”.
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Sec. 9003
BIOREFINERY ASSISTANCE
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