42 USC 8815 - Price guarantees

U.S Code last checked for updates: May 02, 2024

§ 8815.

Price guarantees

(a)

Authority of Secretary concerned; minimum sales price

(b)

Cost-plus arrangements as basis

(1)

No price guarantee under this section may be based upon a cost-plus arrangement, or variant thereof, which guarantees a profit to the owner or operator involved.

(2)

The use of a cost-of-service pricing mechanism by a person pursuant to law, or by a regulatory body establishing rates for a regulated person, shall not be deemed to be a cost-plus arrangement, or variant thereof, for purposes of paragraph (1).

(c)

Maximum dollar amount of liability of United States

(d)

Renegotiation of sales price and maximum liability

If the Secretary determines, in the discretion of the Secretary, that—

(1)

a biomass energy project would not otherwise be satisfactorily completed or continued, and

(2)

completion or continuation of such project would be necessary to achieve the purposes of this chapter,

the sales price set forth in the price guarantee, and maximum liability under such guarantee, may be renegotiated.

(Pub. L. 96–294, title II, § 215, June 30, 1980, 94 Stat. 692.)

cite as: 42 USC 8815