SB 0444 Incentive Grants for Missouri Soy Diesel Fuel Producers
Committee:AGRILR Number:S1493.01I
Last Action:03/08/95 - Voted Do Pass S Agriculture & Local Government Committee
Effective Date:August 28, 1995
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Current Bill Summary

SB 444 - This act provides for an incentive grant of 10 cents per gallon of soy diesel fuel produced to a qualified producer, defined in the act as a producer of soy diesel fuel whose principal place of business and facility for production of soy diesel fuel is in Missouri and who has satisfied the other requirements of the act.

The act provides for up to five hundred thousand dollars of funding per year for grants, which is equivalent to 5 million gallons of soy diesel. Grants shall be paid from the Missouri Qualified Soy Diesel Fuel Producer Incentive Fund, created in the act. Up to two hundred and fifty thousand dollars may be deposited annually in the fund from the Missouri Soybean Merchandising Council, up to one hundred and fifty thousand dollars may be transferred to the fund from General Revenue and up to one hundred thousand dollars may be transferred to the fund from petroleum violation overcharge funds.

The act requires producers to be licensed and to apply monthly for grants based upon expected production. The act terminates the program after the third year from when grants are first provided.