(a) DefinitionsIn this section:
(1) Eligible entityThe term “eligible entity” means—
a for-profit corporation;
a nonprofit corporation; or
(b) EstablishmentThe Secretary shall establish a program to improve technologies for the commercialization of—
(c) GrantsIn carrying out the program, the Secretary shall provide grants that give preference to proposals that—
have the greatest potential of commercialization to the general public within 5 years.
(d) VerificationNot later than 90 days after August 8, 2005, the Secretary shall publish in the Federal Register procedures to verify—
that grants are administered in accordance with this section.
(e) ReportNot later than 260 days after August 8, 2005, and annually thereafter, the Secretary shall submit to Congress a report that—
describes the technologies to be funded under the program;
assesses the feasibility of the technologies described in paragraph (2) in meeting the goals described in subsection (c);
identifies applications submitted for the program that were not funded; and
(f) Authorization of appropriationsThere are authorized to be appropriated to carry out this section, to remain available until expended—
$3,000,000 for fiscal year 2006;
$7,000,000 for fiscal year 2007;
$10,000,000 for fiscal year 2008; and
$20,000,000 for fiscal year 2009.