[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5534 Referred in Senate (RFS)]
109th CONGRESS
2d Session
H. R. 5534
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 25, 2006
Received
August 4 (legislative day, August 3), 2006
Read twice and referred to the Committee on Energy and Natural
Resources
_______________________________________________________________________
AN ACT
To provide grants from moneys collected from violations of the
corporate average fuel economy program to be used to expand
infrastructure necessary to increase the availability of alternative
fuels.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. FUEL ECONOMY FUND AND ALTERNATIVE FUEL GRANT PROGRAM.
(a) Establishment of Fund.--
(1) In general.--There is established in the Treasury a
Fuel Economy Fund (hereinafter in this Act referred to as the
``Fund'') consisting of amounts transferred to the Fund under
paragraph (2) and amounts credited to the Fund under paragraph
(3).
(2) Transfer of amounts.--For fiscal year 2007, and each
fiscal year thereafter, the Secretary of the Treasury shall,
subject to the availability of funds provided in advance in
appropriations Acts, transfer to the Fund an amount determined
by the Secretary to be equal to the total amount deposited in
the general fund of the Treasury in the preceding fiscal year
from fines, penalties, and other moneys obtained through
enforcement actions conducted pursuant to section 32912 of
title 49, United States Code, including moneys obtained under
consent decrees.
(3) Investment of amounts.--The Secretary of the Treasury
shall invest in interest-bearing obligations of the United
States such portion of the Fund as is not, in the Secretary's
judgment, required to meet current withdrawals. Such
obligations shall be acquired and sold and interest on, and the
proceeds from the sale or redemption of, such obligations shall
be credited to the Fund in accordance with the requirements of
section 9602 of the Internal Revenue Code of 1986.
(4) Use of amounts in the fund.--Amounts in the Fund shall
be made available, subject to the availability of funds
provided in advance in appropriations Acts, to the Secretary of
Energy to carry out the grant program described in subsection
(b).
(b) Alternative Fuels Expansion Grant Program.--
(1) In general.--The Secretary of Energy shall, through the
Clean Cities Program of the Department of Energy, carry out a
grant program to expand the availability to consumers of
alternative fuels. A grant awarded under this section shall not
exceed $30,000.
(2) Eligibility.--Any entity that is eligible for
assistance through the Clean Cities Program may be eligible for
a grant under this section, except that no large, vertically
integrated oil company may be eligible for a grant under this
section. No entity may be awarded grants totaling more than
$60,000 in any fiscal year.
(3) Use of grant funds.--Grants provided under this section
shall be used for the construction or expansion of
infrastructure necessary to increase the availability to
consumers of alternative fuels (as defined in section
32901(a)(1) of title 49, United States Code). Not more than 3
percent of grant funds may be used for administrative costs.
Passed the House of Representatives July 24, 2006.
Attest:
KAREN L. HAAS,
Clerk.