2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Biofuels Production Fund

Item 101 #1s

Item 101 #1s

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Economic Development Incentive Payments FY2015 $1,500,000 FY2016 $1,500,000 GF

Page 79, line 39, strike "$59,321,491" and insert "$60,821,491".
Page 79, line 39, strike "$77,274,499" and insert "$78,774,499".
Page 79, line 42, strike "$59,071,491" and insert "$60,571,491".
Page 79, line 42, strike "$77,024,499" and insert "$78,524,499".
Page 83, after line 6, insert:
"N.1.  Out of this appropriation, $1,500,000 the first year and $1,500,000 the second year from the general fund shall be transferred to the Department of Mines, Minerals and Energy for deposit to the Biofuels Production Fund established pursuant to § 45.1-393, Code of Virginia, to be used solely for the purposes of providing grants to certain producers of biofuels as provided for in House Bill 1025, as adopted by the 2014 Session of the General Assembly.  With the exception of the provisions of paragraphs N.3. of this Item, grant payments from the Fund shall be made in accordance with the provisions of § 45.1-394, Code of Virginia.
2.  The Secretary of Agriculture and Forestry shall assist any producer that commences qualifying sales of neat biofuels in identifying potential producers of agricultural feedstock sources within 100 miles of the primary biofuels production site and shall examine the feasibility of establishing a cooperative association to meet the feedstock requirements of any such producer.  The Secretary of Agriculture and Forestry and the Secretary of Natural Resources shall work within the structure of existing funding for agricultural best management practices from the Water Quality Improvement Fund to develop additional incentives to encourage farmers to produce winter cover crops utilized in biofuels production.
3.  As part of the certification process required pursuant to § 45.1-394 D., Code of Virginia, to be eligible for a grant pursuant to this appropriation, the producer shall also provide evidence that feedstock used in the production of the qualifying neat biofuels was derived from Virginia-grown agricultural products to the greatest extent such feedstock materials are available from Virginia sources."

(This amendment provides funding and guidance for performance-based grant payments for qualifying producers from the Biofuels Production Fund.)