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Abstract: . . . calendar year 2005 in the same manner as provided in the provisions of section 29(d)(2)(B) of the Internal Revenue Code of 1986, except that in applying such provisions the calendar year 2005 shall be substituted for calendar year 1979. (f) SUNSET.—No payment may be made under this *072305.013* 22 section to any qualified hydroelectric facility after the ex23 piration of the period of 20 fiscal years beginning with 24 the first full fiscal year occurring after the date of enact25 ment of this subtitle, and no payment may be made under F:\V9\072305\072305.013 July 23, 2005 (2:33 PM) (327718|2) F:\MPB\2005\MPB_048.XML H.L.C. 11 1 this section to any such facility after a payment has been 2 made with respect to such facility for a period of 10 fiscal 3 years. 4 (g) AUTHORIZATION OF APPROPRIATIONS.—There 5 are authorized to be appropriated to the Secretary to carry 6 out the purposes of this section $10,000,000 for each of 7 the fiscal years 2006 through 2015. 8 9 SEC. 243. HYDROELECTRIC EFFICIENCY . . . . . . with the fiscal 23 year in which electric energy generated from the facility 24 is first eligible for such payments. 25 (e) AMOUNT OF PAYMENT.— *072305.013* F:\V9\072305\072305.013 July 23, 2005 (2:33 PM) (327718|2) F:\MPB\2005\MPB_048.XML H.L.C. 10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 (1) IN GENERAL.—Payments made by the Sec- retary under this section to the owner or operator of a qualified hydroelectric facility shall be based on the number of kilowatt hours of hydroelectric energy generated by the facility during the incentive period. For any such facility, the amount of such payment shall be 1.8 cents per kilowatt hour (adjusted as provided in paragraph (2)), subject to the availability of appropriations under subsection (g), except that no facility may receive more than $750,000 in 1 calendar year. (2) ADJUSTMENTS.—The amount of the payment made to any person under this section as provided in paragraph (1) shall be adjusted for inflation for each fiscal year beginning . . . . . . after calendar year 2005 in the same manner as provided in the provisions of section 29(d)(2)(B) of the Internal Revenue Code of 1986, except that in applying such provisions the calendar year 2005 shall be substituted for calendar year 1979. (f) SUNSET.—No payment may be made under this *072305.013* 22 section to any qualified hydroelectric facility after the ex23 piration of the period of 20 fiscal years beginning with 24 the first full fiscal year occurring after the date of enact25 ment of this subtitle, and no payment may be made under F:\V9\072305\072305.013 July 23, 2005 (2:33 PM) (327718|2) F:\MPB\2005\MPB_048.XML H.L.C. 11 1 this section to any such facility after a payment has been 2 made with respect to such facility for a period of 10 fiscal 3 years. 4 (g) AUTHORIZATION OF APPROPRIATIONS.—There 5 are authorized to be appropriated to the Secretary to carry 6 out the purposes of this section $10,000,000 for each of 7 the fiscal years 2006 through 2015. 8 9 SEC. 243. HYDROELECTRIC . . . --3000,3,500,3236,18784
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