Text: S05879 Text: S05881 Text: S05800 - S05899 Text: S Index Bills and Amendments: General Index Bill History: General Index
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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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