S.2270 - Rural Energy Investment Act of 2012112th Congress (2011-2012)
|Sponsor:||Sen. Harkin, Tom [D-IA] (Introduced 03/29/2012)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||03/29/2012 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (All Actions)|
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Subject — Policy Area:
- Agriculture and Food
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Summary: S.2270 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (03/29/2012)
Rural Energy Investment Act of 2012 - Amends the Farm Security and Rural Investment Act of 2002 regarding the biobased markets program to: (1) extend program funding through FY2017, (2) increase the number of categories of biobased products designated and individual biobased products eligible for preferred purchasing, and (3) provide for a program of biobased product education and promotion activities.
Amends the Rural Energy for America Program to: (1) extend Program funding through FY2017; (2) make nonprofit organizations eligible for assistance; (3) provide loan guarantees and grants to agricultural producers and rural small businesses for renewable energy system purchases, with a tiered loan and grant application process that reflects project size; and (4) permit the combined amount of a grant and a loan guarantee to cover all eligible activity costs.
Extends funding through FY2017 for: (1) biorefinery assistance, (2) the biodiesel fuel education program, (3) biomass research and development, (4) the Rural Energy Self-Sufficiency Initiative, (5) the biomass crop assistance program, (6) the forest biomass for energy program, and (7) the community wood energy program.