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HF 2574 House Long Description

hf2574 SECOND ENGROSSMENT Biodiesel fuel use incentives provided. Sec. 1: Definitions of "renewable energy" modified to include biodiesel fuel; definition of "biodiesel fuel" clarified. Sec. 2: 85 percent biodiesel fuel use rquired. Sec. 3: Credit for use of biodiesel provided. Sec. 4: Definition of "eligible energy technology" modified to include biodiesel fuel. Sec. 5: Electric utility credit for use of biodiesel fuel provided. Sec. 4: Definitions of "qualified biodiesel generation facility" and "biodiesel fuel" modified. Sec. 5: Incentive payment regulations expanded to include owners or operators of qualified biodiesel generation facilities. Sec. 6: Incentive payment eligibility window provided. Sec. 7: Incentive payment period provided. AE