House File 634 H-1493 Amend House File 634 as follows: 1 1. Page 1, after line 10 by inserting: 2 < Sec. ___. Section 476C.3, subsection 3, Code 2011, 3 is amended to read as follows: 4 3. a. A facility that is not operational within 5 thirty months after issuance of an approval for the 6 facility by the board shall cease to be an eligible 7 renewable energy facility. However, a wind energy 8 conversion facility that is approved as eligible under 9 this section but is not operational within eighteen 10 months due to the unavailability of necessary equipment 11 shall be granted an additional twenty-four months to 12 become operational. 13 b. A facility which notifies the board prior to the 14 expiration of the time periods specified in paragraph 15 “a” that the facility intends to become operational and 16 wishes to preserve its eligibility shall be granted a 17 twelve-month extension. An extension may be renewed 18 for succeeding twelve-month periods if the board is 19 notified prior to the expiration of the extension of 20 the continued intention to become operational during 21 the succeeding period of extension. 22 c. If the owner of a facility discontinues efforts 23 to achieve operational status, the owner shall notify 24 the board within thirty days of such discontinuance 25 that the owner no longer seeks a tax credit pursuant 26 to this chapter. Upon receipt of such notification, 27 the board shall no longer consider the facility as an 28 eligible renewable energy facility under this chapter. 29 d. A facility that is granted and thereafter 30 loses approval may reapply to the board for a new 31 determination. > 32 2. Page 1, after line 31 by inserting: 33 < Sec. ___. Section 476C.4, subsection 5, Code 2011, 34 is amended to read as follows: 35 5. The department shall not issue a tax credit 36 certificate if the facility approved by the board as an 37 eligible renewable energy facility is not operational 38 within eighteen months after the approval is issued , 39 subject to the extension provisions of section 476C.3, 40 subsection 3 . > 41 3. By renumbering as necessary. 42 ______________________________ M. SMITH of Marshall -1- HF634.2162 (1) 84 rn/nh 1/ 1 #1. #2. #3.