Summary: S.892 — 96th Congress (1979-1980)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed Senate amended (06/14/1979)

(Measure passed Senate, amended)

Amends the Rural Development Act of 1972 to extend the authorization of appropriations (at the current level, $20,000,000 per fiscal year) through fiscal year 1981 for rural development and small farm research and extension programs.

Requires the Secretary of Agriculture to provide for pilot projects for the production of industrial hydrocarbons and alcohols from agricultural commodities and forest products through loan guarantees. Sets the total amount of such guaranteed loans at $500,000,000. Requires the Secretary: (1) to give priority to projects that will use Government price-supported commodities; and (2) to assure that the guarantees are for projects that will result in new and innovative technologies for the production of industrial hydrocarbons and alcohols.