42 U.S.C. § 16374: Future growth grants

Summary

The Secretary can give grants to pay part of the extra cost of building carbon dioxide transportation infrastructure bigger now so it can handle more CO2 later. Grants pay the difference between building for the higher future flow and building only the initial needed flow. Grants can only pay for added capacity that the project sponsor shows will likely be used during the 20-year period starting on the date of substantial completion, and each grant can be no more than 80 percent of that added cost. To get a grant, an entity must be eligible for credit help under the CIFIA program, be doing or planning a large-capacity common carrier project that probably will need more CO2 transport in the future, and file an application with the Secretary with the information and timing the Secretary requires.

Title 42, §16374

The Public Health and Welfare, Source: USLM XML via OLRC

(a)Establishment

The Secretary may provide grants to pay a portion of the cost differential, with respect to any projected future increase in demand for carbon dioxide transportation by an infrastructure project described in subsection (b), between—

(1)the cost of constructing the infrastructure asset with the capacity to transport an increased flow rate of carbon dioxide, as made practicable under the project; and

(2)the cost of constructing the infrastructure asset with the capacity to transport carbon dioxide at the flow rate initially required, based on commitments for the use of the asset.

(b)Eligibility

To be eligible to receive a grant under this section, an entity shall—

(1)be eligible to receive credit assistance under the CIFIA program;

(2)carry out, or propose to carry out, a project for large-capacity, common carrier infrastructure with a probable future increase in demand for carbon dioxide transportation; and

(3)submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary determines to be appropriate.

(c)Use of funds

A grant provided under this section may be used only to pay the costs of any additional flow rate capacity of a carbon dioxide transportation infrastructure asset that the project sponsor demonstrates to the satisfaction of the Secretary can reasonably be expected to be used during the 20-year period beginning on the date of substantial completion of the project described in subsection (b)(2).

(d)Maximum amount

The amount of a grant provided under this section may not exceed an amount equal to 80 percent of the cost of the additional capacity described in subsection (a).

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 16374, Pub. L. 109–58, title IX, § 999D, Aug. 8, 2005, 119 Stat. 922, related to the Ultra-Deepwater Advisory Committee and Unconventional Resources Technology Advisory Committee, prior to repeal by Pub. L. 113–67, div. A, title III, § 301(a), Dec. 26, 2013, 127 Stat. 1181.

Statutory Notes and Related Subsidiaries

Wage Rate RequirementsFor provisions relating to rates of wages to be paid to laborers and mechanics on projects for

Construction

, alteration, or repair work funded under div. D or an amendment by div. D of Pub. L. 117–58, including authority of Secretary of Labor, see section 18851 of this title.

§16374 Future Growth Grants