HB 454 -- Missouri Qualified Biodiesel Producer Incentive Fund
This bill removes the requirement that the Missouri Qualified
Biodiesel Incentive Fund be funded with moneys other than from
Missouri qualified biodiesel producers are eligible to receive a
monthly production incentive grant from the fund for 60
consecutive months. If the producer fails to receive the full
grant amount during the 60-month period due to lack of
appropriations to the fund, the 60-month eligibility period may
be extended for an additional 24 months or until the producer
receives the full grant amount.
Qualified biodiesel producers receive grants in an amount equal
to 30 cents per gallon for the first 15,000,000 gallons of
biodiesel produced in one fiscal year. The bill provides for a
10 cents per gallon grant on the next 15,000,000 gallons produced
in the same fiscal year.