Wood Residue Utilization Act

Wood Residue Utilization Act - Authorizes the Secretary of Agriculture to establish pilot projects to develop and to test and demonstrate practical application of existing technology for the utilization of wood residues. Permits the Secretary, in implementation of this Act, to: (1) enter into contracts, cooperative agreements, and other arrangements; (2) provide technical, financial, and related assistance to Federal, State, and other governmental agencies, public or private institutions, universities, and organizations, business entities, and individuals in the United States; and (3) sell or otherwise dispose of wood residues.

Establishes in the Treasury of the United States a special fund to carry out the purposes of this Act, into which $15,000,000 from National Forest Fund receipts not otherwise appropriated shall be deposited at the end of each fiscal year from 1979 through 1984.

Requires the Secretary to make brief annual reports of such pilot projects to the appropriate committees of Congress.