; or (BB) using natural photosynthesis. (IV) Intellectual property The term intellectual property means— (aa) an invention that is patentable under title 35, United States Code; and (bb) any patent on an invention described in item (aa). (ii) Technology prizes (I) In general Not later than 1 year after the date of enactment of the America's Transportation Infrastructure Act of 2019 , the Administrator, in consultation with the Secretary of Energy, shall establish a program to provide, and shall provide, financial awards on a competitive basis for direct air capture from media in which the concentration of carbon dioxide is dilute. (II) Duties In carrying out this clause, the Administrator shall— (aa) subject to subclause (III), develop specific requirements for— (AA) the competition process; and (BB) the demonstration of performance of approved projects; (bb) offer financial awards for a project designed— (AA) to the maximum extent practicable, to capture more than 10,000 tons of carbon dioxide per year; and (BB) to operate in a manner that would be commercially viable in the foreseeable future (as determined by the Board); and (cc) to the maximum extent practicable, make financial awards to geographically diverse projects, including at least— (AA) 1 project in a coastal State; and (BB) 1 project in a rural State. (III) Public participation In carrying out subclause (II)(aa), the Administrator shall— (aa) provide notice of and, for a period of not less than 60 days, an opportunity for public comment on, any draft or proposed version of the requirements described in subclause (II)(aa); and (bb) take into account public comments received in developing the final version of those requirements. (iii) Direct air capture technology advisory board (I) Establishment There is established an advisory board to be known as the Direct Air Capture Technology Advisory Board . (II) Composition The Board shall be composed of 9 members appointed by the Administrator, who shall provide expertise in— (aa) climate science