220 
‘‘(x) The level of local ownership.’’; 
and 
(D) by adding at the end the following: 
‘‘(3) PRIORITY
IN
AWARDING
LOAN
GUARAN-
TEES.—In selecting projects to receive loan guaran-
tees under subsection (d), the Secretary shall give 
priority to projects based on the criteria set forth in 
paragraph (2)(B) of this subsection.’’; 
(5) by inserting after subsection (h) the fol-
lowing new subsection: 
‘‘(i) CONDITION OF PROVISION OF ASSISTANCE.—As 
a condition of receiving a grant or loan guarantee under 
this section, the eligible entity shall ensure that all labor-
ers and mechanics employed by contractors or subcontrac-
tors in the performance of construction work financed in 
whole or in part with the grant or loan guarantee, as the 
case may be, shall be paid wages at rates not less than 
those prevailing on similar construction in the locality, as 
determined by the Secretary of Labor in accordance with 
section 3141 through 3144, 3146, and 3147 of title 40, 
United States Code. The Secretary of Labor shall have, 
with respect to such labor standards, the authority and 
functions set forth in Reorganization Plan Numbered 14 
of 1950 (15 F. R. 3176; 64 Stat. 1267) and section 3145 
of such title.’’; 
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221 
(6) in subsection (j) (as so redesignated), by 
striking ‘‘2007’’ and inserting ‘‘2012’’; and 
(7) by adding at the end the following new sub-
section: 
‘‘(k) ADDITIONAL FUNDING
FOR LOAN GUARAN-
TEES.—Of the funds of the Commodity Credit Corpora-
tion, the Secretary shall use to carry out this section— 
‘‘(1) $50,000,000 for fiscal year 2008; 
‘‘(2) $65,000,000 for fiscal year 2009; 
‘‘(3) $75,000,000 for fiscal year 2010; 
‘‘(4) $150,000,000 for fiscal year 2011; and 
‘‘(5) $300,000,000 for fiscal year 2012.’’. 
SEC. 5004. BIODIESEL FUEL EDUCATION PROGRAM. 
Section 9004(d) of the Farm Security and Rural In-
vestment Act of 2002 (7 U.S.C. 8104(d)) is amended to 
read as follows: 
‘‘(d) FUNDING.—Of the funds of the Commodity 
Credit Corporation, the Secretary of Agriculture shall 
make available to carry out this section $2,000,000 for 
each of fiscal years 2008 through 2012.’’. 
SEC. 5005. ENERGY AUDIT AND RENEWABLE ENERGY DE-
VELOPMENT PROGRAM. 
Section 9005(i) of the Farm Security and Rural In-
vestment Act of 2002 (7 U.S.C. 8105) is amended by 
striking ‘‘2007’’ and inserting ‘‘2012’’. 
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222 
SEC. 5006. RENEWABLE ENERGY SYSTEMS AND ENERGY EF-
FICIENCY IMPROVEMENTS. 
Section 9006 of the Farm Security and Rural Invest-
ment Act of 2002 (7 U.S.C. 8106) is amended— 
(1) by striking the section heading and insert-
ing the following: 
‘‘SEC. 9006. RURAL ENERGY FOR AMERICA PROGRAM.’’; 
(2) in subsection (a)— 
(A) in the matter preceding paragraph (1), 
by inserting ‘‘, other agricultural producer’’ 
after ‘‘rancher’’; 
(B) in paragraph (1), by striking ‘‘and’’ at 
the end; 
(C) in paragraph (2), by striking the pe-
riod and inserting ‘‘; and’’; and 
(D) by adding at the end the following new 
paragraph: 
‘‘(3) produce and sell electricity generated by 
new renewable energy systems.’’; 
(3) in subsection (b), by inserting ‘‘, other agri-
cultural producer’’ after ‘‘rancher’’; 
(4) in subsection (c)— 
(A) in paragraph (1)— 
(i) in subparagraph (B), by striking 
‘‘50 percent’’ and inserting ‘‘75 percent’’; 
and 
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223 
(ii) by redesignating subparagraph 
(B) as subparagraph (C) and inserting 
after subparagraph (A) the following: 
‘‘(B) LOAN GUARANTEES.— 
‘‘(i) 
MAXIMUM
AMOUNT.—The 
amount of a loan guaranteed under this 
section shall not exceed $25,000,000. 
‘‘(ii) MAXIMUM PERCENTAGE.—A loan 
guaranteed under this section shall not ex-
ceed 75 percent of the cost of the activity 
funded under subsection (a).’’; and 
(B) by adding at the end the following new 
paragraph: 
‘‘(3) PRIORITIZATION.—The Secretary shall 
give the greatest priority for grants under subsection 
(a) to activities for which the least percentage of the 
total cost of such activities is requested by the farm-
er, rancher, other agricultural producer, or rural 
small business.’’. 
(5) by redesignating subsection (e) as sub-
section (g) and striking subsection (f); 
(6) by inserting after subsection (d) the fol-
lowing new subsections: 
‘‘(e) FEASIBILITY STUDIES.— 
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