42 U.S. Code § 16503 - Sugar ethanol loan guarantee program
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Sugar ethanol loan guarantee program
(a) In general
(b) Demonstration projects
(c) RequirementsAn applicant for a loan guarantee under this section may provide assurances, satisfactory to the Secretary, that—
the project design has been validated through the operation of a continuous process facility;
the project, with the loan guarantee, is economically viable; and
(1) Maximum guaranteeExcept as provided in paragraph (2), a loan guarantee under this section—
may be issued for up to 80 percent of the estimated cost of a project; but
(2) Additional guarantees
(A) In generalThe Secretary may issue additional loan guarantees for a project to cover—
up to 80 percent of the excess of actual project costs; but
not to exceed 15 percent of the amount of the original loan guarantee.
 See References in Text note below.
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