House Journal: Page 1477: Monday, April 28, 2003
43 fuel which is a mixture of diesel fuel and processed
44 soybean oil, if at least twenty two percent of the
45 mixed fuel by volume is processed soybean oil which
46 meets American society for testing and materials
47 standards.
48 Sec. 6. Section 159A.3, subsection 3, paragraph b,
49 Code 2003, is amended to read as follows:
50 b. The office shall promote the production and
Page 5
1 consumption of soydiesel biodiesel-blended fuel in
2 this state.
3 Sec. 7. Section 307.20, subsection 1, Code 2003,
4 is amended to read as follows:
5 1. a. A biodiesel biodiesel-blended fuel
6 revolving fund is created in the state treasury. The
7 biodiesel biodiesel-blended fuel revolving fund shall
8 be administered by the department and shall consist of
9 moneys received from the sale of EPAct credits banked
10 by the department on April 19, 2001, moneys
11 appropriated by the general assembly, and any other
12 moneys obtained or accepted by the department for
13 deposit in the fund.
14 b. Moneys in the fund are appropriated to and
15 shall be used by the department for the purchase of
16 biodiesel biodiesel-blended fuel for use in department
17 vehicles. The department shall submit an annual
18 report not later than January 31 to the members of the
19 general assembly and the legislative fiscal bureau, of
20 the expenditures made from the fund during the
21 preceding fiscal year.
22 c. Section 8.33 does not apply to any moneys in
23 the fund and, notwithstanding section 12C.7,
24 subsection 2, earnings or interest on moneys deposited
25 in the fund shall be credited to the fund.
26 Sec. 8. Section 307.20, subsection 3, paragraph a,
27 Code 2003, is amended to read as follows:
28 a. "Biodiesel "Biodiesel-blended fuel" means
29 soydiesel fuel the same as defined in section 159A.2.
30 Sec. 9. ELIGIBILITY FOR BIODIESEL EQUIPMENT
31 ACQUISITION PROGRAM. The department may provide
32 financing to a person who is a marine or pipeline
33 terminal or marketer of special fuels under the
34 biodiesel equipment acquisition program as provided in
35 section 15E.113, and who is otherwise eligible to
36 participate in the program if the person has acquired
37 equipment or completed redesign planning on or after
38 January 1, 2002, but prior to the effective date of
39 this Act.
40 Sec. 10. DIRECTIONS TO CODE EDITOR. The Code
41 editor is directed to transfer section 15E.110 as
© 2003 Cornell College and
League of Women Voters of Iowa
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