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 the 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. Requires non-Federal cooperators in such projects to contribute at least 50 percent of the cost of the plant facilities for the project.

Authorizes the appropriation of $7,500,000 annually for the five fiscal years beginning with fiscal year 1980.

Requires the Secretary to make brief annual reports to Congress on the accomplishments of such projects.