2019 US Code
Title 7 - Agriculture
Chapter 71 - Agricultural Trade Suspension Adjustment
Sec. 4005 - "Fuel conversion price" defined

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Citation 7 U.S.C. § 4005 (2019)
Section Name §4005. "Fuel conversion price" defined
Section Text

As used in this chapter, the phrase "fuel conversion price" means the price for an agricultural commodity determined by the Secretary of Agriculture that will permit gasoline-alcohol mixtures using alcohol produced from the commodity to be competitive in price with unleaded gasoline priced at the point it leaves the refinery, adjusted for differences in octane rating, taking into consideration the energy value of the commodity and other appropriate values designed to represent, on a national average basis, the value of byproducts also recoverable from the commodity; the direct costs and capital recovery costs for a grain alcohol distillery capable of producing forty million gallons of alcohol and recovering byproducts annually; and Federal tax and other Federal incentives applicable to alcohol used for fuel.

Source Credit

(Pub. L. 96–494, title II, §212, Dec. 3, 1980, 94 Stat. 2578.)

Editorial Notes REFERENCES IN TEXT

This chapter, referred to in text, was in the original "this title", meaning title II of Pub. L. 96–494, Dec. 3, 1980, 94 Stat. 2570, as amended, which enacted this chapter and section 1445h of this title, amended sections 1444c, 1445b, 1445e, and 1446 of this title, and enacted provisions set out as notes under sections 1445e, and 1445h and 4001 of this title and section 714c of Title 15, Commerce and Trade. For complete classification of title II to the Code, see Short Title note set out under section 4001 of this title and Tables.

EFFECTIVE DATE

Section effective Dec. 3, 1980, see section 213 of Pub. L. 96–494, set out as a note under section 4001 of this title.

Publication Title United States Code, 2018 Edition, Supplement 1, Title 7 - AGRICULTURE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 7 - AGRICULTURE
CHAPTER 71 - AGRICULTURAL TRADE SUSPENSION ADJUSTMENT
Sec. 4005 - Fuel conversion price" defined
Contains section 4005
Date 2019
Laws In Effect As Of Date January 24, 2020
Positive Law No
Disposition standard
Statutes at Large References 94 Stat. 2578, 2570
Public Law References Public Law 96-494
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