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(a) The Arkansas Alternative Fuels Development Program shall include a grant incentive program that provides grants to feedstock processors to assist in the construction, modification, alteration, or retrofitting of feedstock processing facilities that are located and operated in Arkansas.
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(b) The Department of Agriculture shall create a grant application process for feedstock processors that shall include:
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(1) An application for a grant under this subchapter that shall include at a minimum:
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(A) A narrative description of the intended use of the grant moneys; and
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(B) Evidence sufficient to satisfy the department that the applicant has the capacity to complete the proposed project;
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(2) Instructions about the grant process;
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(3) Scoring procedures to determine the award of the grants; and
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(4) Other factors that the Secretary of the Department of Agriculture deems necessary.
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(c)
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(1) The department shall prepare an annual progress report on grant assistance made under this section.
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(2) The report shall include:
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(A) The amount of each grant;
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(B) The purpose of each grant;
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(C) How grant funds were expended by the grant recipient; and
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(D) The origin and tonnage of the feedstock that was processed.
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(3) The report for each state fiscal year shall be filed by June 30 of the following fiscal year with the office of the Governor and the Legislative Council.
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(d)
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(1) The department shall not award a grant in an amount that exceeds three million dollars ($3,000,000) or fifty percent (50%) of the project cost, whichever is less, to any one (1) feedstock processor in any one (1) fiscal year.
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(2) An entity that holds a controlling interest in more than one (1) feedstock processing plant is considered one (1) feedstock processor under this section.
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(e) Nothing in this section shall limit a grant recipient under this section from applying for or receiving a production incentive for alternative fuels producers under § 15-13-302.
