House Journal: Page 1474: Monday, April 28, 2003
46 equipment and the redesign planning at one business
47 location.
48 b. A marketer of special fuels other than a marine
49 or pipeline terminal. The amount of the financing
50 shall not exceed eighty percent of the cost of
Page 2
1 acquiring the equipment and redesign planning as
2 estimated by the department or eighty percent of the
3 actual cost of acquiring the equipment and redesign
4 planning, whichever is less. However, the marketer
5 shall not receive more than fifty thousand dollars in
6 financing for the acquisition of equipment and the
7 redesign planning at one business location.
8 3. In order to qualify for financing all of the
9 following must apply:
10 a. The eligible person must be issued a license to
11 blend special fuels by the department of revenue and
12 finance if the person is required to be issued the
13 license pursuant to section 452A.6.
14 b. The eligible person has technical expertise
15 necessary to produce biodiesel-blended fuel.
16 4. a. An eligible person who receives financing
17 under this section shall prepare and deliver an annual
18 report to the administrative unit of the department of
19 natural resources designated by the department to
20 analyze issues relating to energy. A copy of the
21 report shall be delivered to the department of
22 economic development.
23 b. The report shall at least include the total
24 volume of biodiesel-blended fuel produced and sold
25 during the last year by the eligible person at each
26 business location installed with equipment financed
27 under this section. For each gallon of biodiesel-
28 blended fuel produced and sold, the report shall
29 indicate its percentage of biodiesel stock as required
30 by the department.
31 Sec. 3. NEW SECTION. 15E.113A BIODIESEL STOCK
32 PROCESSING PROGRAM.
33 1. The department shall establish a biodiesel
34 stock processing program. The purpose of the program
35 is to provide financing to eligible persons engaged in
36 the processing of soybean oil into biodiesel stock to
37 be used for the production of biodiesel-blended fuel.
38 This section does not require that a person eligible
39 to receive financing obtain a license to blend special
40 fuels as required by the department of revenue and
41 finance pursuant to section 452A.6.
42 2. A person is eligible to receive financing under
43 the biodiesel stock processing program if all of the
44 following apply:
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League of Women Voters of Iowa
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