HB 1445 -- Biodiesel Fuel

Sponsor:  Whorton

This bill requires that, by January 1, 2008, that all diesel fuel
sold at the terminal or offered for sale in Missouri for use in
internal combustion engines contain at least 2% biodiesel fuel
oil by volume.

The Director of the Department of Agriculture may exempt certain
diesel fuel uses and rescind the exemptions, waive certain areas
of the state and rescind the waivers, and require specific
procedures and specifications for the blending of biodiesel fuel
with diesel.

Biodiesel fuel oil is required to be blended with diesel fuel at
Missouri terminals only, unless the director approves a terminal
in another state.

If the biodiesel fuel content requirement is repealed within five
years of enactment, any terminal which made capital expenditures
necessary to comply with the requirement will be eligible for
partial reimbursement of the unrecovered associated costs.  If
the requirement is repealed within two years of enactment, the
reimbursement will be 80% of the associated costs.  The
reimbursement will decrease 20% each year with a 20%
reimbursement in the fifth and final year.

The bill creates the Biodiesel Investment Assurance Fund for the
partial repayment of capital expenditures incurred by a terminal
directly attributable to compliance with the biodiesel content
requirement.  The fund will contain moneys appropriated from
general revenue for the sole purpose of contingent reimbursement
of compliance with the diesel fuel requirements of the bill.  At
the end of five years after enactment, any unused moneys and the
interest will be transferred into the General Revenue Fund.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am