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.
Pub. L. 96–494, title II, § 21294 Stat. 2578 (, , .)
Editorial Notes
References in Text
Pub. L. 96–49494 Stat. 2570 section 1445h of this titlesection 714c of Title 15section 4001 of this titleThis chapter, referred to in text, was in the original “this title”, meaning title II of , , , which enacted this chapter and , 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 , Commerce and Trade. For complete classification of title II to the Code, see Short Title note set out under and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
section 213 of Pub. L. 96–494section 4001 of this titleSection effective , see , set out as a note under .