Title 7 — Agriculture
Chapter 71 — Agricultural Trade Suspension Adjustment
§ 4005. “Fuel conversion price” defined
Statutory 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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Agricultural Trade Suspension Adjustment Act of 1980
Pub. L. 96–494 title II § 212 · 94 Stat. 2570
Enacted · 7 U.S.C. § 4005
(Pub. L. 96–494, title II, § 212, Dec. 3, 1980, 94 Stat. 2578.)
Source evidence
Code source credit
(Pub. L. 96–494, title II, § 212, Dec. 3, 1980, 94 Stat. 2578.)Enacted provision · exact public law section
Sec. 212. definition of fuel conversion price As used in this title, 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.
1 of 1 references resolved to an enrolled provision
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, , 94 Stat. 2570, 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.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective , see section 213 of Pub. L. 96–494, set out as a note under section 4001 of this title.