SCS/HCS/HB 1837 -This act allows the Missouri Qualified Fuel Ethanol Producer Incentive Fund to be administered on a fiscal year. If ethanol producers fail to receive all grants earned during the 60 consecutive month period of qualification due to lack of appropriations, they shall receive the full amount from the fund for which they were eligible. Producers shall continue to be eligible for up to 24 additional months or until they have received the maximum amount of funding that they were eligible for during the original 60-month period.

This act repeals the law relating to the repurchase of industrial, maintenance, and construction power equipment and outdoor power equipment used for lawn, garden, golf course, landscaping, or grounds maintenance upon cancellation of contracts. The act replaces the term "farm implements" in the definition of inventory with the terms "equipment" and "implements" in the law relating to the repurchase of farm machinery inventory on the termination of a dealership. This act requires wholesalers, manufacturers, or distributors to repurchase equipment, implements, machinery, and attachments at 100% of the net cost and to repurchase repair parts at 95% of the current net price at the termination of a contract, with some exceptions.
SARAH MORROW