HF 477: Relating to qualified motor fuel storage and dispensing infrastructure, by providing for a program to award financial incentives to store and dispense ethanol and ethanol blended gasoline classified as E-15 or higher, providing for a fund, making appropriations, and providing penalties

What it does

, underground storage tanks) and associated fittings and equipment., motor fuel pumps or tank wagons). The financial awards may also be used to replace or convert qualified infrastructure at retail sites.13). Awards are made to a terminal operator or the owner or operator of a retail site (participating person). The bill imposes caps on the amount that may be awarded to improve a terminal or retail site to the same participating person during any 12-month period. An award to a participating person is based on a five-year cost-share agreement (agreement) executed by the participating person and DALS acting in cooperation with the board.

Lobbying · 2 for, 3 against

For: Iowa Renewable Fuels Association (IRF); Magellan Midstream Partners

Against: Archer Daniels Midland Company; Iowa Renewable Fuels Association (IRF); POET, LLC

In plain words

1. February 11, 2021Filed in the House and sent to the Appropriations committee