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Community Wood Facilities Assistance Act of 2023

Source: Congress.gov  ·  765 words in original text
# PLAIN ENGLISH TRANSLATION: H.R. 2386 Community Wood Facilities Assistance Act of 2023 ## WHAT THIS BILL DOES This bill changes the rules for helping community wood facilities get federal assistance. It does this by amending two existing farm and agriculture laws to make it easier for these facilities to receive grants and support. ## WHO IT AFFECTS Community wood facilities (businesses or organizations that process or manufacture forest products) get the most direct impact. Federal agencies managing these grant programs will also be affected by the new rules. ## KEY PROVISIONS • The bill increases the maximum grant amount from 35 percent to 50 percent of eligible project costs (Sec. 2(4)(A)) • Grant awards cannot exceed $5,000,000 for a single project (Sec. 2(5)) • The bill sets funding at $50,000,000 for each year from 2024 through 2028, replacing the previous funding level (Sec. 2(9)) • The bill allows grants for construction, use, or retrofitting of forest products manufacturing facilities (Sec. 2(7)(C)) • Projects can now receive funding if they demonstrate either cost effectiveness or market competitiveness (Sec. 2(6)(C)) • Thermal energy projects can now reach 15 megawatts of thermal energy capacity, increased from 5 megawatts (Sec. 2(8)(A)) ## WHAT CHANGES If this bill becomes law, community wood facilities can receive larger grants covering up to 50 percent of project costs instead of 35 percent. The definition of eligible projects expands to include construction and retrofitting for "forest products manufacturing" instead of only existing sawmill use. Funding for these programs jumps to $50,000,000 annually for fiscal years 2024 through 2028. A separate wood innovations grant program will also accept applications from facilities focused on forest products manufacturing, not just existing sawmills. ## IMPORTANT DEFINITIONS The bill uses the term "forest biomass" but does not explicitly define it in the provided text. ## EFFECTIVE DATE Not specified in 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.