15 USC 690h - Operational assistance grants

U.S Code last checked for updates: Nov 22, 2024

§ 690h.

Operational assistance grants

(a)

In general

(1)

Authority

(2)

Terms

(3)

Grant amount

The amount of a grant made under this subsection to a Renewable Fuel Capital Investment company shall be equal to the lesser of—

(A)

10 percent of the resources (in cash or in-kind) raised by the company under section 690c(d)(2) of this title; or

(B)

$1,000,000.

(4)

Pro rata reductions

(5)

Grants to conditionally approved companies

(A)

In general

(B)

Repayment by companies not approved

(C)

Deduction of grant to approved company

(D)

Amount of grant

(b)

Supplemental grants

(1)

In general

(2)

Matching requirement

(c)

Limitation

(Pub. L. 85–699, title III, § 389, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1781.)

cite as: 15 USC 690h