Biofuels Production Fund and Incentive Grant Program; created. (HB1423)

Introduced By

Del. William Barlow (D-Smithfield) with support from co-patron Sen. Frank Ruff (R-Clarksville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Biofuels Production Fund and Grant Incentive Program; established. Establishes the Biofuels Production Fund (the Fund) and the Biofuels Production Grant Incentive Program (the Program) to administer the Fund. The Program offers grants to producers of neat biofuels, which are defined as either biodiesel fuels or ethanol fuels that are not mixed with traditional fuels such as gasoline or diesel fuel. To be eligible for a grant the producer must produce in excess of 10 million gallons of neat biofuels within the Commonwealth in a calendar year using feedstock originating domestically within the United States. Producers that qualify for a grant under the program may be granted $0.20 per gallon of neat biofuel produced in the given calendar year at a 50% cost share of up to 80 million gallons. Therefore a producer meeting the maximum production limit under the program of 80 million gallons would be eligible for an $8,000,000 grant. The Program and Fund would expire on December 31, 2016. This bill is incorporated into HB 680 (Wittman). Read the Bill »


Bill Has Failed


01/16/2006Presented and ordered printed 060165224
01/16/2006Referred to Committee on Science and Technology
01/23/2006Fiscal impact statement from DPB (HB1423)
01/30/2006Reported from Science and Technology with substitute (20-Y 1-N)
01/30/2006Referred to Committee on Appropriations
01/31/2006Committee substitute printed 060171224-H1
02/01/2006Fiscal impact statement from DPB (HB1423H1)
02/02/2006Assigned App. sub: Commerce, Agriculture, and Natural Resources
02/10/2006Incorporated by Appropriations (HB680-Wittman)