A bill to provide additional assistance to the Energy Research and Development Administration for biomass demonstration facilities.

Amends the Federal Nonnuclear Energy Research and Development Act of 1974 to authorize the Administrator of the Energy Research and Development Administration to guarantee loan obligations issued for the purpose of financing the construction and operational costs of demonstration facilities for: (1) the conversion of biomass into synthetic fuels; and (2) the generation of desirable forms of energy (including synthetic fuels) in commercial quantities from bioconversion.

Stipulates that the outstanding indebtedness guaranteed or committed under this Act shall at no time exceed $300,000,000. Prohibits the Administrator from making new commitments beyond fiscal year 1984 and from furnishing guarantees beyond fiscal year 1988.

Requires the concurrence of the Secretary of the Treasury with respect to the conditions of any such guarantee. Details conditions under which the Administrator may guarantee an obligation.

Establishes procedures for consultation with affected States, localities and Indian tribes. Prohibits the making of Federal commitments where the Governor of the affected State is opposed unless there is an overriding national interest favoring such Federal action.

Specifies procedures in the event of a default on any guarantee under this Act.

Authorizes the Administrator to make financial payments to affected States, localities, and Indian tribes for the financing of essential community development, and planning resulting from the construction of any facilities assisted by this Act.

Requires full reports to Congressional committees on proposed Federal actions under this Act. Directs the Administrator to submit a comprehensive plan for energy production and conservation demonstration programs to the Congress.

Establishes a separate fund in the Treasury to finance the programs authorized by this Act. Makes funds from the Geothermal Resources Development Fund available for loan guarantees for geothermal resource development and demonstration projects.

Requires employees and officials in policymaking positions within the Energy Research and Development Administration to file annual reports with the Administrator with respect to any financial interest in any property or business receiving financial assistance under this Act to which they may have knowledge. Imposes a fine of $2,500 and/or imprisonment of up to one year for violation of this Act by any employee or official of the Administration.