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House Bill 1414


 

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House Bill 1414

ARCHIVE (2009)

Latest Information

 
DIGEST OF INTRODUCED BILL

Compressed natural gas incentives. Allows the office of energy and defense development (office) to award grants to certain businesses and local government units that make qualified investments after June 30, 2009, to install and place into service compressed natural gas (CNG) compatible fueling stations in Indiana. Provides that not more than one grant may be awarded for a single location. Provides that the amount of a grant awarded for a location may not exceed the lesser of: (1) the amount of the grant recipient's qualified investment for the location; or (2) $20,000. Provides that the amount of a grant awarded for a location may be less than the amount of the grant recipient's qualified investment for the location. Provides that the total amount of grants awarded for all state fiscal years may not exceed $1,000,000. Establishes the CNG fueling station grant fund to award the grants, and provides that the office shall administer the fund. Allows the office to award grants to certain local government units that make qualified purchases after June 30, 2009, of: (1) one or more CNG vehicles; or (2) one or more CNG conversion kits. Provides that not more than one grant may be awarded to any one unit. Provides that the amount of a grant that may be awarded to a unit is the sum of: (1) $2,000 multiplied by the number of CNG vehicles purchased; plus (2) for each CNG conversion kit purchased, an amount equal to the lesser of $2,000 or the actual cost of the conversion kit. Provides that the office may limit number of CNG vehicles or CNG conversion kits for which a unit may receive a grant. Provides that the total amount of grants awarded for all units may not exceed $1,000,000. Establishes the local unit CNG
Current Status:
 In Committee - first House
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