A bill to amend section 102 of the Energy Policy and Conservation Act to provide for more effective implementation of the incentives under that section for development of coal mines.

Amends the Energy Policy and Conservation Act to redefine the term "low sulfur coal" to mean coal whose sulfur content is equal to or less than the maximum sulfur content permitted by any applicable Federal, State, or local environmental requirement or implementation plan for the area in which the coal will be burned.

Allows the Administrator of the Federal Energy Administration to guarantee loans to eligible persons for the development of new coal mines if such person has obtained a contract, the duration of which meets requirements which the Secretary of Energy shall prescribe, for the sale or resale of coal to be produced from such mine.