The purpose of this notice is to inform potential applicants that the Department of Commerce is providing financial assistance in calendar year 2012 for U. S. manufacturers of certain worsted wool fabrics.
Section 4002(c)(6)(A) of the Miscellaneous Trade and Technical Corrections Act of 2004
credit:
(Public Law 108-429, 118 Stat.
2603) (the "Act") as amended by the Emergency Economic Stabilization Act of 2008 (Pub.
L.
110-343, 122 Stat.3765), authorizes the Secretary of Commerce to provide grants to persons (including firms, corporations, or other legal entities) who were, during calendar years 1999, 2000, and 2001, manufacturers of two categories of worsted wool fabrics.
The first category are manufacturers of worsted wool fabrics, containing 85 percent or more by weight of wool, with average fiber diameters greater than 1 8. 5 micron (Harmonized Tariff Schedule of the United States (HTS) heading 990 2. 5 1. 11); the total amount of available funds is $2,666,000, to be allocated among such manufacturers on the basis of the percentage of each manufacturers' production of worsted wool fabric included in HTS 990 2. 5 1. 1 1. The second category are manufacturers of worsted wool fabrics, containing 85 percent or more by weight of wool, with average fiber diameters of 1 8. 5 micron or less (HTS heading 990 2. 5 1. 15, previously HTS heading 990 2. 5 1. 12); the total amount of available funds is $2,666,000, to be allocated among such manufacturers on the basis of the percentage of each manufacturers' production of worsted wool fabric included in HTS 990 2. 5 1. 1 5. Funding for the worsted wool fabrics grant program will be provided by the Department of the Treasury from amounts in the Wool Apparel Manufacturers Trust Fund (the "Trust Fund").
The total amount of grants to manufacturers of worsted wool fabrics described in HTS 990 2. 5 1. 11 shall be $2,666,000 in calendar year 201 2. The total amount of grants to manufacturers of worsted wool fabrics described in HTS 990 2. 5 1. 15 shall also be $2,666,000 in calendar year 201 2.