S.Amdt. 2644

1. Adds SEC. __. TREATMENT OF BIOFUEL PRODUCTION FACILITIES AS EXEMPT FACILITY BOND at the end of title IV

   Adds a section

   In S. 2020 · Placed on Calendar Senate

   (d) Effective Date.--The amendments made by this section shall apply to amounts paid or accrued during the period beginning after December 31, 2006, and before January 1, 2008, and properly allocable to such period, with respect to mortgage insurance contracts issued after December 31, 2006.

   Inserted: SEC. __. TREATMENT OF BIOFUEL PRODUCTION FACILITIES AS EXEMPT FACILITY BOND.

   Inserted: (a) In General.--Subsection (a) of section 142 (relating to exempt facility bond) is amended by striking "or" at the end of paragraph (14), by striking the period at the end of paragraph (15) and inserting ", or" and by adding at the end the following new paragraph:

   Inserted: "(16) biofuel production facilities.".

   Inserted: (b) Biofuel Production Facilities.--Section 142 is amended by adding at the end the following:

   Inserted: "(n) Biofuel Production Facilities.--

   Inserted: "(1) In general.--For purposes of subsection (a)(16), the term 'biofuel production facilities' means any facility for the production of any transportation fuel and related byproducts from biomass.

   Inserted: "(2) Biomass defined.--For purposes of paragraph (1), the term 'biomass' means any organic matter that is available on a renewable or recurring basis, including agricultural crops and trees, wood and wood wastes and residues, plants (including aquatic plants), grasses, residues, fibers, and animal wastes, municipal wastes, and other waste materials.".

   Inserted: (c) Effective Date.--The amendments made by this section apply to bonds issued after the date of enactment of this Act.

   Original wording

   At the end of title IV, add the following:

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As printed