Amendment S-5178 to HF 2687
Relating to renewable fuel infrastructure, including by providing for a financing program, and including effective date provisions
Withdrawn · April 18, 2024
Filed April 17, 2024 in the Senate by Sen. Adrian Dickey (R), Sen. Brad Zaun (R)
What it changes
- Page 3, line 35, by striking “This” and inserting “Except as otherwise provided in this Act, this”
- Page 4, after line 6 by inserting: “Sec. ___. APPLICATION AMENDMENT FOR CORRECTIVE AMOUNT.
- If on or after January 1, 2022, but before the effective date of this Act, a retail dealer was awarded standard financial incentives under section 159A.14 to improve a retail motor fuel site, based on the cost of installing, replacing, or converting infrastructure capable of storing and dispensing ethanol blended gasoline classified as E-85, the retail dealer may file an amendment to the application for a corrective amount with the department of agriculture and land stewardship for decision by the renewable fuel infrastructure board. The department shall assign the retail dealer’s application amendment priority status for decision by the renewable fuel infrastructure board.
- A retail dealer shall not be eligible to file an application amendment under subsection 1 if any of the following apply: a. The retail dealer was awarded the standard financial incentives to construct a new retail motor fuel site. b. The retail dealer files the application amendment after December 31,
- A retail dealer must complete the improvement of a retail motor fuel site using the standard financial incentives awarded under subsection 1 according to rules adopted by the department.
- The application amendment’s corrective amount shall be determined according to the following: a. By calculating the base amount, which is the difference between the amount incurred by the retail dealer in improving a retail motor fuel site by installing, replacing, or converting infrastructure capable of storing and dispensing ethanol blended gasoline classified as E-85 and the amount that was awarded to the retail dealer in standard financial incentives under section 159A.14, subsection 6, to make the same improvement. b. The base amount calculated under paragraph “a” shall be adjusted to not exceed the following: (1) For a tier I site, ninety percent of the actual cost of making the improvement or one hundred thousand dollars, whichever is less. (2) For a tier II site, seventy-five percent of the actual cost of making the improvement or one hundred thousand dollars, whichever is less. (3) For a tier III site, seventy percent of the actual cost of making the improvement or one hundred thousand dollars, whichever is less.
- A retail dealer shall not be awarded a corrective amount under this section and financial incentives under section 159A.14 to improve the same infrastructure.”
- By renumbering as necessary.