Text: S05879 Text: S05881 Text: S05800 - S05899 Text: S Index Bills and Amendments: General Index Bill History: General Index
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PAG LIN 1 1 Amend the House amendment, S-5818, to Senate File 1 2 2370, as amended, passed, and reprinted by the Senate, 1 3 as follows: 1 4 #1. Page 1, by inserting after line 31, the 1 5 following: 1 6 "# . Page 11, by inserting before line 24, the 1 7 following: 1 8 "Sec. 100. NEW SECTION. 476.46 ALTERNATE ENERGY 1 9 REVOLVING LOAN PROGRAM. 1 10 1. The Iowa energy center created under section 1 11 266.39C shall establish and administer an alternate 1 12 energy revolving loan program to encourage the 1 13 development of alternate energy production facilities 1 14 and small hydro facilities within the state. 1 15 2. An alternate energy revolving loan fund is 1 16 created in the office of the treasurer of state to be 1 17 administered by the Iowa energy center. The fund 1 18 shall include moneys remitted to the fund pursuant to 1 19 subsection 3 and any other moneys appropriated or 1 20 otherwise directed to the fund. Moneys in the fund 1 21 shall be used to provide loans for the construction of 1 22 alternate energy production facilities or small hydro 1 23 facilities as defined in section 476.42. A gas or 1 24 electric utility which is not required to be rate- 1 25 regulated shall not be eligible for a loan under this 1 26 section. A facility shall be eligible for no more 1 27 than two hundred fifty thousand dollars in loans 1 28 outstanding at any time under this program. Each loan 1 29 shall be for a period not to exceed twenty years, 1 30 shall bear no interest, and shall be repayable to the 1 31 fund created under this section in installments as 1 32 determined by the Iowa energy center. The interest 1 33 rate upon delinquent payments shall accelerate 1 34 immediately to the current legal usury limit. Any 1 35 loan made pursuant to this program shall become due 1 36 for payment upon sale of the facility for which the 1 37 loan was made. Interest on the fund shall be 1 38 deposited in the fund. Section 8.33 shall not apply 1 39 to the moneys in the fund. 1 40 3. The board shall direct all gas and electric 1 41 utilities required to be rate-regulated to remit to 1 42 the treasurer of state by July 1, 1996, eighty-five 1 43 one-thousandths of one percent of the total gross 1 44 operating revenues during calendar year 1995 derived 1 45 from their intrastate public utility operations, by 1 46 July 1, 1997, eighty-five one-thousandths of one 1 47 percent of the total gross operating revenues during 1 48 calendar year 1996 derived from their intrastate 1 49 public utility operations and by July 1, 1998, eighty- 1 50 five one-thousandths of one percent of the total gross 2 1 operating revenues during calendar year 1997 derived 2 2 from their intrastate public lottery operations. The 2 3 amounts collected pursuant to this section shall be in 2 4 addition to the amounts permitted to be assessed 2 5 pursuant to section 476.10 and the amounts assessed 2 6 pursuant to section 476.10A. The board shall allow 2 7 inclusion of these amounts in the budgets approved by 2 8 the board pursuant to section 476.6, subsection 19, 2 9 paragraph "a"."" 2 10 #2. Page 1, by inserting after line 35, the 2 11 following: 2 12 "# . Page 14, by inserting before line 4 the 2 13 following: 2 14 "Sec. . Notwithstanding the restrictions 2 15 contained in section 28F.1, third and fourth 2 16 unnumbered paragraphs, and section 28F.7, a municipal 2 17 utility may enter into an agreement with a public 2 18 agency which has received for this purpose before the 2 19 effective date of this Act a commitment for a United 2 20 States department of energy grant, to jointly finance 2 21 one wind turbine alternate energy production facility 2 22 as defined in section 476.42 of not more than twenty 2 23 megawatts nameplate-rated capacity, and to provide the 2 24 municipal utility and other public or private agencies 2 25 with electricity from the facility. An electric 2 26 utility shall not be required to purchase electricity 2 27 from such an alternate energy production facility 2 28 pursuant to sections 476.43 and 476.44." 2 29 # . Page 14, by inserting after line 5, the 2 30 following: 2 31 "Sec. . Section 100 of this Act being deemed of 2 32 immediate importance, takes effect upon enactment."" 2 33 2 34 2 35 2 36 MICHAEL E. GRONSTAL 2 37 BILL FINK 2 38 SF 2370.341 76 2 39 js/cf
Text: S05879 Text: S05881 Text: S05800 - S05899 Text: S Index Bills and Amendments: General Index Bill History: General Index
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