(U.S. Department of Agriculture/Federal Register) This Notice announces the solicitation of applications for funds available under the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program (the Program) to provide guaranteed loans to fund the development, construction, and retrofitting of commercial scale biorefineries using eligible technology and of Biobased product manufacturing facilities that use technologically new commercial scale processing and manufacturing equipment to convert renewable chemicals and other biobased outputs of biorefineries into end-user products, on a commercial scale.
DATES:
With this Notice, the Agency is announcing two separate application cycles, as is provided which are application closing dates of 4:30 p.m. Eastern Daylight Time, October 1, 2019, and 4:30 p.m. Eastern Daylight Time, April 1, 2020.
...
The Agency encourages applications that will support recommendations made in the Rural Prosperity Task Force report to help improve life in rural America (www.usda.gov/ruralprosperity). Applicants are encouraged to consider projects that provide measurable results in helping rural communities build robust and sustainable economies through strategic investments in infrastructure, partnerships, and innovation. Key strategies include:
- Achieving e-Connectivity for Rural America
- Developing the Rural Economy
- Harnessing Technological Innovation
- Supporting a Rural Workforce
- Improving Quality of Life
...
I. Funding Opportunity Description
A. Purpose of the Program. The purpose of the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program is to assist in the development of new and emerging technologies for the development of advanced biofuels, renewable chemicals, or biobased product manufacturing. This is achieved through guarantees for loans made to fund the development, construction, and retrofitting of commercial scale biorefineries using eligible technology and of biobased product manufacturing facilities that use technologically new commercial scale processing and Start Printed Page 55136manufacturing equipment and required facilities to convert renewable chemicals and other biobased outputs of biorefineries into end-user products on a commercial scale.
B. Statutory Authority. This Program is authorized under 7 U.S.C. 8103. Regulations are contained in 7 CFR part 4279, subpart C and in 7 CFR part 4287, subpart D.
C. Definition of Terms. The definitions applicable to this Notice are published at 7 CFR 4279.202 and 7 CFR 4287.302.
D. Application awards. The Agency will review, evaluate, score, and award applications received in response to this Notice based on the provisions found in 7 CFR part 4279, subpart C and as indicated in this Notice.
II. Award Information
A. Available funds. This Notice is a solicitation for applications that will be funded using budget authority provided by the Food, Conservation, and Energy Act of 2008 (2008 Farm Bill), the Agricultural Act of 2014 (2014 Farm Bill), and the Agricultural Improvement Act of 2018 (2018 Farm Bill).
B. Type of Award. Guaranteed loan.
C. Approximate Number of Awards. Subject to the amount of funding available.
D. Guarantee Loan Funding. The provisions of 7 CFR 4279.232 apply to this Notice. The Borrower needs to provide the remaining funds from other non-Federal sources to complete the Project.
E. Guarantee and Annual Renewal Fees. The guarantee and annual renewal fees specified in 7 CFR 4279.231 are applicable to this Notice.
F. Anticipated Award Date. The award date will vary based on timing of completion of each project's individual application process.
III. Eligibility Information
A. Eligible Lenders. To be eligible for this program, lenders must meet the eligibility requirements in 7 CFR 4279.208.
B. Eligible Borrowers. To be eligible for this program, borrowers must meet the eligibility requirements in 7 CFR 4279.209. READ MORE
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