§ 4005. — "Fuel conversion price" defined.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC4005]
TITLE 7--AGRICULTURE
CHAPTER 71--AGRICULTURAL TRADE SUSPENSION ADJUSTMENT
Sec. 4005. ``Fuel conversion price'' defined
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, Sec. 212, Dec. 3, 1980, 94 Stat. 2578.)
References in Text
This chapter, referred to in text, was in the original ``this
title'', meaning title II of Pub. L. 96-494, Dec. 3, 1980, 94 Stat.
2570, as amended, 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.
Section Referred to in Other Sections
This section is referred to in section 4001 of this title.
