A bill to amend the Food, Conservation, and Energy Act of 2008 to clarify propane storage as an eligible use for funds provided under the storage facility loan program, and for other purposes.
Source: Congress.gov ·
306 words in original text
What This Bill Does
This bill changes a federal loan program to allow agricultural producers to use loan money for propane storage. The bill specifically clarifies that building or improving propane storage facilities counts as an eligible use of funds under the storage facility loan program in the Food, Conservation, and Energy Act of 2008.
Who It Affects
Agricultural producers who want to build or upgrade propane storage facilities for agricultural use.
Key Provisions
• Agricultural producers can now use storage facility loan funds to construct or upgrade storage facilities for propane that is primarily used for agricultural production (Sec. 1)
What Changes
The law previously did not explicitly list propane storage as an eligible use for storage facility loan funds. This bill adds propane storage facilities to the list of approved uses, allowing farmers and other agricultural producers to access these loans for that purpose.
Important Definitions
The bill references the definition of "agricultural production" found in federal regulations (section 4279.2 of title 7, Code of Federal Regulations) but does not define it within this bill text itself.
Effective Date
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only.
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