Bioenergy program for advanced biofuels
Definition of eligible producer
Payments
Contracts
To receive a payment, an eligible producer shall—
enter into a contract with the Secretary for production of advanced biofuels; and
submit to the Secretary such records as the Secretary may require as evidence of the production of advanced biofuels.
Basis for payments
The Secretary shall make payments under this section to eligible producers based on—
the quantity and duration of production by the eligible producer of an advanced biofuel;
the net nonrenewable energy content of the advanced biofuel, if sufficient data is available, as determined by the Secretary; and
other appropriate factors, as determined by the Secretary.
Equitable distribution
Amount
Feedstock
Other requirements
Funding
Mandatory funding
Of the funds of the Commodity Credit Corporation, the Secretary shall use to carry out this section, to remain available until expended—
$55,000,000 for fiscal year 2009;
$55,000,000 for fiscal year 2010;
$85,000,000 for fiscal year 2011;
$105,000,000 for fiscal year 2012;
$15,000,000 for each of fiscal years 2014 through 2018; and
$7,000,000 for each of fiscal years 2019 through 2031.