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 ·
298 words in original text
What This Bill Does
This bill changes a federal loan program to allow agricultural producers to use loan funds for propane storage facilities. The bill clarifies that propane storage qualifies as an eligible use under the existing storage facility loan program.
Who It Affects
Agricultural producers who want to build or upgrade propane storage facilities for farming operations.
Key Provisions
• The bill allows agricultural producers to 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 storage facility loan program, which previously provided funds to producers, now explicitly includes propane storage facilities as an eligible use. Agricultural producers can now apply for these loans to build or improve propane storage that they use for farming.
Important Definitions
The bill refers to a definition of "agricultural production" found in federal regulations (section 4279.2 of title 7, Code of Federal Regulations). The specific meaning of agricultural production is not stated in this bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.