The Iowa Legislature has voted to approve another year of funding for the state’s Renewable Fuels Infrastructure Program (RFIP).
House File 643, which the Iowa Legislature passed last Thursday, includes $3mn of RFIP funding for the fiscal year 2018, ending 30 June 2018, as part of the Rebuild Iowa Infrastructure Fund.
The RFIP program, which offers cost-share grants to Iowa retailers wishing to upgrade fueling infrastructure to offer E15, E85 and/or biodiesel blends, reimburses retailers up to 70pc of installation costs, or up to a maximum of $50,000 per project, with a five-year commitment to sell E15, E85 or biodiesel blends.
The program has played an imperative role in expanding consumer access to higher ethanol and biodiesel blends in the state according to Iowa Renewable Fuels Association (IRFA) Policy Director Grant Menke.
“Demand for renewable fuels has more momentum now than ever. In a tough budget year, we are very grateful to Governor Branstad and the Transportation, Infrastructure, and Capitals Appropriations Subcommittee for making this successful program a priority,” Menke added.
The bill now goes to Iowa Governor Terry Branstad for final approval.