In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Chesapeake Bay Watershed Nutrient 
Removal Assistance Act''.

SEC. 2. FINDINGS AND PURPOSES.

    (a) Findings.--Congress finds that--
            (1) nutrient pollution from point sources and nonpoint 
        sources continues to be the most significant water quality 
        problem in the Chesapeake Bay watershed;
            (2) a key commitment of the Chesapeake 2000 agreement, an 
        interstate agreement among the Administrator, the Chesapeake 
        Bay Commission, the District of Columbia, and the States of 
        Maryland, Virginia, and Pennsylvania, is to achieve the goal of 
        correcting the nutrient-related problems in the Chesapeake Bay 
        by 2010;
            (3) by correcting those problems, the Chesapeake Bay and 
        its tidal tributaries may be removed from the list of impaired 
        bodies of water designated by the Administrator of the 
        Environmental Protection Agency under section 303(d) of the 
        Federal Water Pollution Control Act (33 U.S.C. 1313(d));
            (4) more than 300 major sewage treatment plants located in 
        the Chesapeake Bay watershed annually discharge approximately 
        60,000,000 pounds of nitrogen, or the equivalent of 20 percent 
        of the total nitrogen load, into the Chesapeake Bay; and
            (5) nutrient removal technology is 1 of the most reliable, 
        cost-effective, and direct methods for reducing the flow of 
        nitrogen from point sources into the Chesapeake Bay.
    (b) Purposes.--The purposes of this Act are--
            (1) to authorize the Administrator of the Environmental 
        Protection Agency to provide financial assistance to States and 
        municipalities for use in upgrading publicly-owned wastewater 
        treatment plants in the Chesapeake Bay watershed with nutrient 
        removal technologies; and
            (2) to further the goal of restoring the water quality of 
        the Chesapeake Bay to conditions that are protective of human 
        health and aquatic living resources.

SEC. 3. SEWAGE CONTROL TECHNOLOGY GRANT PROGRAM.

    The Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.) is 
amended by adding at the end the following:

                       ``TITLE VII--MISCELLANEOUS

``SEC. 701. SEWAGE CONTROL TECHNOLOGY GRANT PROGRAM.

    ``(a) Definition of Eligible Facility.--In this section, the term 
`eligible facility' means a municipal wastewater treatment plant that--
            ``(1) as of the date of enactment of this title, has a 
        permitted design capacity to treat an annual average of at 
        least 500,000 gallons of wastewater per day; and
            ``(2) is located within the Chesapeake Bay watershed in any 
        of the States of Delaware, Maryland, New York, Pennsylvania, 
        Virginia, or West Virginia or in the District of Columbia.
    ``(b) Grant Program.--
            ``(1) Establishment.--Not later than 1 year after the date 
        of enactment of this title, the Administrator shall establish a 
        program within the Environmental Protection Agency to provide 
        grants to States and municipalities to upgrade eligible 
        facilities with nutrient removal technologies.
            ``(2) Priority.--In providing a grant under paragraph (1), 
        the Administrator shall--
                    ``(A) consult with the Chesapeake Bay Program 
                Office;
                    ``(B) give priority to eligible facilities at which 
                nutrient removal upgrades would--
                            ``(i) produce the greatest nutrient load 
                        reductions at points of discharge; or
                            ``(ii) result in the greatest environmental 
                        benefits to local bodies of water surrounding, 
                        and the main stem of, the Chesapeake Bay; and
                            ``(iii) take into consideration the 
                        geographic distribution of the grants.
            ``(3) Application.--
                    ``(A) In general.--On receipt of an application 
                from a State or municipality for a grant under this 
                section, if the Administrator approves the request, the 
                Administrator shall transfer to the State or 
                municipality the amount of assistance requested.
                    ``(B) Form.--An application submitted by a State or 
                municipality under subparagraph (A) shall be in such 
                form and shall include such information as the 
                Administrator may prescribe.
            ``(4) Use of funds.--A State or municipality that receives 
        a grant under this section shall use the grant to upgrade 
        eligible facilities with nutrient removal technologies that are 
        designed to reduce total nitrogen in discharged wastewater to 
        an average annual concentration of 3 milligrams per liter.
            ``(5) Cost sharing.--
                    ``(A) Federal share.--The Federal share of the cost 
                of upgrading any eligible facility as described in 
                paragraph (1) using funds provided under this section 
                shall not exceed 55 percent.
                    ``(B) Non-federal share.--The non-Federal share of 
                the costs of upgrading any eligible facility as 
                described in paragraph (1) using funds provided under 
                this section may be provided in the form of funds made 
                available to a State or municipality under--
                            ``(i) any provision of this Act other than 
                        this section (including funds made available 
                        from a State revolving fund established under 
                        title VI); or
                            ``(ii) any other Federal or State law.
    ``(c) Authorization of Appropriations.--
            ``(1) In general.--There is authorized to be appropriated 
        to carry out this section $132,000,000 for each of fiscal years 
        2006 through 2010, to remain available until expended.
            ``(2) Administrative costs.--The Administrator may use not 
        to exceed 4 percent of any amount made available under 
        paragraph (1) to pay administrative costs incurred in carrying 
        out this section.''.
[A]: Chesapeake Bay Watershed Nutrient Removal Assistance Act - Amends the Federal Water Pollution Control Act to direct the Administrator of the Environmental Protection Agency to provide grants to states and municipalities to upgrade municipal wastewater treatment plants of a specified capacity and located within the Chesapeake Bay watershed with nutrient removal technologies.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rural Access to Credit Act of 
2010''.

SEC. 2. BUSINESS AND INDUSTRY DIRECT AND GUARANTEED LOANS.

    (a) Tangible Equity Requirements.--Section 310B(d) of the 
Consolidated Farm and Rural Development Act (7 U.S.C. 1932(d)) is 
amended by striking paragraph (6) and inserting the following:
            ``(6) Equity.--In the case of direct or guaranteed loans 
        under this section, the Secretary shall use commercial lending 
        standards in determining any equity requirement.''.
    (b) General Terms.--Section 310B(g) of the Consolidated Farm and 
Rural Development Act (7 U.S.C. 1932(g)) is amended by adding at the 
end the following:
            ``(10) General terms.--
                    ``(A) Maximum loan guarantee amount.--
                            ``(i) In general.--Notwithstanding any 
                        other provision of this Act, during the period 
                        beginning on the date of enactment of this 
                        paragraph and ending on December 31, 2011, the 
                        Secretary shall guarantee up to 90 percent of a 
                        business and industry loan in an amount of up 
                        to $10,000,000 that is a high priority project, 
                        as determined based on published criteria of 
                        the Secretary that includes rural economic 
                        factors.
                            ``(ii) Subsequent fiscal years.--
                        Notwithstanding any other provision of this 
                        Act, beginning on January 1, 2012, the 
                        Secretary may guarantee up to 80 or 90 percent 
                        (as determined by the Secretary) of a business 
                        and industry loan in an amount of up to 
                        $10,000,000 that is a high priority project, as 
                        determined based on criteria described in 
                        clause (i).
                    ``(B) Line-of-credit loans.--In guaranteeing 
                business and industry loans, the Secretary shall 
                guarantee line-of-credit loans in accordance with 
                section 316(c).
                    ``(C) Refinancing.--
                            ``(i) In general.--A business and industry 
                        loan may be used by a small business to 
                        refinance debt in existence as of the day 
                        before the date on which the loan was made or 
                        guaranteed, if--
                                    ``(I) the project for which the 
                                debt was incurred is viable and will 
                                create or save jobs, as determined by 
                                the Secretary; and
                                    ``(II) as of the date of 
                                application for refinancing--
                                            ``(aa) the underlying loan 
                                        has been current for at least 1 
                                        year; and
                                            ``(bb) the lender is 
                                        providing better rates and 
                                        longer terms than under the 
                                        original loan.
                            ``(ii) Subordinated owner debt.--
                        Subordinated owner debt shall not be eligible 
                        for inclusion in debt described in clause (i).
                    ``(D) Audit standards.--Notwithstanding any other 
                provision of law, the Secretary--
                            ``(i) shall not require audited financial 
                        statements consistent with generally accepted 
                        accounting principles for business and industry 
                        loans of less than $1,000,000; and
                            ``(ii) may waive any requirement for 
                        audited financial statements consistent with 
                        generally accepted accounting principles for 
                        business and industry loans of at least 
                        $1,000,000.
                    ``(E) Calculation of delinquency rates.--To allow 
                accurate comparison of delinquency rates among Federal 
                agencies, in calculating the delinquency rate for 
                business and industry loans, the Secretary shall use 
                the calculation method used by the Administrator of the 
                Small Business Administration.''.
    (c) Sense of Congress Relating to the Rural Microentrepreneur 
Assistance Program.--It is the sense of Congress that in allocating 
discretionary funds of the Secretary of Agriculture, the Secretary of 
Agriculture should give priority to the rural microentrepreneur 
assistance program established under section 379E of the Consolidated 
Farm and Rural Development Act (7 U.S.C. 2008s).
    (d) Budgetary Effects.--The budgetary effects of this Act, for the 
purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, 
shall be determined by reference to the latest statement titled 
``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for 
printing in the Congressional Record by the Chairman of the Senate 
Budget Committee, provided that such statement has been submitted prior 
to the vote on passage.
[A]: Rural Access to Credit Act of 2010 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture (USDA) to use commercial lending standards in determining equity requirements for rural entity direct or guaranteed loans.

Directs the Secretary, through December 31, 2011, to guarantee up to 90% of high priority business and industry loans up to $10 million. Authorizes the Secretary, beginning on January 1, 2012, to guarantee up to 80% or 90% of high priority business and industry loans up to $10 million. Directs the Secretary to guarantee related line-of-credit loans.

Authorizes business and industry loans to be used for refinancing.

Waives audit requirements for business and industry loans under $1 million. Authorizes audit waiver for loans of at least $1 million.

Directs the Secretary to use the Small Business Administration (SBA) calculation method in calculating the delinquency rate for business and industry loans.

Expresses the sense of Congress that in allocating discretionary funds the Secretary should give priority to the rural microentrepreneur assistance program.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Plastics Recycling Act of 2009''.

SEC. 2. PRODUCTION TAX CREDIT FOR CERTAIN RECYCLING ACTIVITIES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by adding at the end the following new section:

``SEC. 45R. OIL PRODUCED FROM CERTAIN RECYCLING ACTIVITIES.

    ``(a) General Rule.--For purposes of section 38, the waste plastic 
recycling credit for any taxable year is an amount equal to the product 
of--
            ``(1) 60 cents, multiplied by
            ``(2) the number of gallons of qualified synthetic oil--
                    ``(A) produced by the taxpayer from qualified 
                feedstock at a qualified small conversion process 
                recycling facility during the 10-year period beginning 
                on the date the facility was originally placed in 
                service, and
                    ``(B) used or sold by the taxpayer in a trade or 
                business to an unrelated person during the taxable 
                year.
    ``(b) Exception for De Minimis Percentage of Non-Qualifying 
Feedstock.--In the case that a producer uses non-qualified feedstock to 
produce a gallon (or part thereof) of qualified synthetic oil, the 
amount of the credit determined under subsection (a) with respect to 
such gallon--
            ``(1) shall be reduced by an amount equal to the amount of 
        the credit (determined without regard to this subsection) 
        multiplied by the percentage of non-qualifying feedstock used 
        in the production of such gallon, and
            ``(2) if the percentage of non-qualifying feedstock so used 
        is greater than 15 percent, the credit determined under 
        subsection (a) with respect to such gallon shall be zero.
    ``(c) Definitions.--For purposes of this section--
            ``(1) Qualified synthetic oil.--The term `qualified 
        synthetic oil' means oil derived from eligible feedstocks and 
        which has a minimum market value of 90 percent of crude oil, 
        represented by the New York Mercantile Exchange front-month 
        contract quoted at the time of sale.
            ``(2) Qualified small conversion process recycling 
        facility.--The term `qualified small conversion process 
        recycling facility' means any facility which--
                    ``(A) is owned by the taxpayer,
                    ``(B) is originally placed in service after the 
                date of the enactment of this section and before 
                January 1, 2015, and
                    ``(C) has a maximum daily production capacity of 
                not more than 2,000 barrels of qualified synthetic oil.
            ``(3) Eligible feedstock.--The term `eligible feedstock' 
        means post-consumer and post-industrial waste plastics.
            ``(4) Plastic.--The term `plastic' means any material that 
        is derived from one or more of the categories of materials in 
        the resin identification system developed by the Society of the 
        Plastics Industry (SPI) in 1988.
    ``(d) Applicable Rules.--For purposes of this section, rules 
similar to the rules of paragraphs (1), (3), (4), and (5) of section 
45(e) shall apply.
    ``(e) Denial of Double Benefit.--A credit shall not be allowed 
under section 40, 40A, or 6426 with respect to any fuel for which a 
credit is allowed under this section.
    ``(f) Coordination With Department of Treasury Grants.--In the case 
of any taxpayer with respect to whom the Secretary makes a grant under 
section 3 of the Plastics Recycling Act of 2009 with respect to any 
oil--
            ``(1) Denial of credits.--No credit with respect to such 
        oil shall be determined under this section or section 40, 40A, 
        or 6426 for the taxable year in which such grant is made or any 
        subsequent taxable year.
            ``(2) Recapture of credits made before grant.--If a credit 
        was determined under this section with respect to such oil for 
        any taxable year ending before such grant is made--
                    ``(A) the tax imposed under subtitle A on the 
                taxpayer for the taxable year in which such grant is 
                made shall be increased by so much of such credit as 
                was allowed under section 38,
                    ``(B) the general business carryforwards under 
                section 39 shall be adjusted so as to recapture the 
                portion of such credit which was not so allowed, and
                    ``(C) the amount of such grant shall be determined 
                without regard to any reduction in the basis of such 
                property by reason of such credit.
            ``(3) Treatment of grants.--Any such grant shall not be 
        includible in the gross income of the taxpayer.''.
    (b) Credit Allowed as Part of General Business Credit.--Section 
38(b) of such Code (defining current year business credit) is amended 
by striking ``plus'' at the end of paragraph (34), by striking the 
period at the end of paragraph (35) and inserting ``, plus'', and by 
adding at the end the following new paragraph:
            ``(36) the waste plastic recycling credit determined under 
        section 45R(a).''.
    (c) Conforming Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

``Sec. 45R. Oil produced from certain recycling activities.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to oil produced after the date of enactment of this Act.

SEC. 3. GRANTS FOR OIL PRODUCED FROM CERTAIN RECYCLING ACTIVITIES IN 
              LIEU OF TAX CREDITS.

    (a) In General.--Upon application, the Secretary of the Treasury 
(or the Secretary's delegate) shall make a grant to each person to whom 
the waste plastic recycling credit determined under section 45R of the 
Internal Revenue Code of 1986 is allowable for the taxable year in 
which the grant is made.
    (b) Grant Determination.--The grant under subsection (a) shall be 
determined in the same manner as the credit is determined under section 
45R of the Internal Revenue Code of 1986 (determined without regard to 
section 38(c) of such Code) for the taxable year in which the grant is 
made.
    (c) Exception for Certain Non-Taxpayers.--The Secretary of the 
Treasury shall not make any grant under this section to--
            (1) any Federal, State, or local government (or any 
        political subdivision, agency, or instrumentality thereof),
            (2) any organization described in section 501(c) of the 
        Internal Revenue Code of 1986 and exempt from tax under section 
        501(a) of such Code,
            (3) any entity referred to in paragraph (4) of section 
        54(j) of such Code, or
            (4) any partnership or other pass-thru entity any partner 
        (or other holder of an equity or profits interest) of which is 
        described in paragraph (1), (2) or (3).
    (d) Appropriations.--For purposes of section 1324(b) of title 31, 
United States Code, a grant under this section shall be treated as a 
credit provision described in paragraph (2) of such section.
[A]:
Plastics Recycling Act of 2009 - Amends the Internal Revenue Code to allow a business-related tax credit equal to 60 cents per gallon of qualified synthetic oil produced from recycled waste plastics. Defines "qualified synthetic oil" as oil derived from post-consumer and post-industrial waste plastics and which has a minimum market value of 90% of crude oil.

Directs the Secretary of the Treasury to make grants to persons eligible for the waste plastic recycling tax credit provided by this Act in lieu of such credit.