Bill Text: IA SF414 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A bill for an act relating to alternate energy by extending renewable energy tax credit eligibility dates, expanding membership of the Iowa energy center advisory council, and establishing specified grant and loan funds. (Formerly SSB 1211.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2013-12-31 - END OF 2013 ACTIONS [SF414 Detail]
Download: Iowa-2013-SF414-Introduced.html
Senate
File
414
-
Introduced
SENATE
FILE
414
BY
COMMITTEE
ON
NATURAL
RESOURCES
AND
ENVIRONMENT
(SUCCESSOR
TO
SSB
1211)
A
BILL
FOR
An
Act
relating
to
alternate
energy
by
extending
renewable
1
energy
tax
credit
eligibility
dates,
expanding
membership
of
2
the
Iowa
energy
center
advisory
council,
and
establishing
3
specified
grant
and
loan
funds.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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Section
1.
Section
266.39C,
subsection
2,
paragraph
a,
Code
1
2013,
is
amended
by
adding
the
following
new
subparagraph:
2
NEW
SUBPARAGRAPH
.
(13)
Two
representatives
of
the
wind
3
energy
manufacturing,
service,
and
production
industries,
one
4
representing
a
large-scale
wind
energy
producer,
appointed
5
by
the
Iowa
wind
energy
association,
and
one
representing
a
6
small-scale
wind
energy
producer,
appointed
by
the
Iowa
wind
7
energy
association.
8
Sec.
2.
NEW
SECTION
.
473.21
Small
wind
innovation
zone
9
assistance
fund.
10
1.
A
small
wind
innovation
zone
assistance
fund
is
created
11
in
the
state
treasury
under
the
control
of
the
Iowa
energy
12
center
established
in
section
266.39C.
All
moneys
deposited
or
13
paid
into
the
fund
are
appropriated
and
made
available
to
the
14
Iowa
energy
center
to
be
used
for
small
wind
innovation
zone
15
grants
or
loans
as
provided
in
subsection
2.
The
fund
shall
16
consist
of
any
moneys
appropriated
by
the
general
assembly
17
and
payments
on
loans
made
under
this
section.
Moneys
in
the
18
fund
are
not
subject
to
section
8.33.
Notwithstanding
section
19
12C.7,
subsection
2,
interest
or
earnings
on
moneys
deposited
20
in
the
fund
shall
be
credited
to
the
fund.
21
2.
Moneys
in
the
small
wind
innovation
zone
assistance
fund
22
shall
be
used
to
provide
grants
and
loans
for
the
construction
23
of
small
wind
energy
systems
as
defined
in
section
476.48
for
24
the
applicant’s
own
use
of
electricity
within
a
small
wind
25
innovation
zone
designated
pursuant
to
section
476.48.
26
3.
A
minimum
of
fifty
percent
of
the
moneys
in
the
fund
27
which
are
distributed
or
awarded
each
year
to
applicants
shall
28
be
in
the
form
of
loans.
29
4.
Eligibility
criteria
and
loan
qualifications
and
terms
30
shall
be
determined
by
the
authority
by
rule
in
coordination
31
with
the
Iowa
energy
center
advisory
board.
32
Sec.
3.
NEW
SECTION
.
473.22
Homegrown
wind
energy
and
solar
33
energy
assistance
fund.
34
1.
A
homegrown
wind
energy
and
solar
energy
assistance
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fund
is
created
in
the
state
treasury
under
the
control
of
the
1
Iowa
energy
center
established
in
section
266.39C.
All
moneys
2
deposited
or
paid
into
the
fund
are
appropriated
and
made
3
available
to
the
Iowa
energy
center
to
be
used
for
wind
energy
4
or
solar
energy
grants
or
loans
as
provided
in
subsection
5
2.
The
fund
shall
consist
of
any
moneys
appropriated
by
6
the
general
assembly
and
payments
on
loans
made
under
this
7
section.
Moneys
in
the
fund
are
not
subject
to
section
8.33.
8
Notwithstanding
section
12C.7,
subsection
2,
interest
or
9
earnings
on
moneys
deposited
in
the
fund
shall
be
credited
to
10
the
fund.
11
2.
Moneys
in
the
homegrown
wind
energy
and
solar
energy
12
assistance
fund
shall
be
used
to
provide
grants
or
loans
13
for
the
construction
of
wind
energy
systems
or
solar
energy
14
systems
by
a
private
college
or
university,
community
college,
15
institution
under
the
control
of
the
state
board
of
regents,
16
public
or
accredited
nonpublic
elementary
or
secondary
school,
17
or
public
hospital
as
defined
in
section
249J.3
for
the
18
applicant’s
own
use
of
electricity.
Eligible
projects
shall
19
not
exceed
one-half
megawatt
of
nameplate
generating
capacity.
20
3.
A
minimum
of
seventy-five
percent
of
moneys
in
the
21
fund
shall
be
utilized
each
year
for
wind
energy
projects.
A
22
minimum
of
fifty
percent
of
the
moneys
in
the
fund
which
are
23
distributed
or
awarded
each
year
to
applicants
shall
be
in
the
24
form
of
loans.
25
4.
Eligibility
criteria
and
loan
qualifications
and
terms
26
shall
be
determined
by
the
authority
by
rule
in
coordination
27
with
the
Iowa
energy
center
advisory
board.
28
Sec.
4.
NEW
SECTION
.
473.23
Powering
agriculture
wind
and
29
solar
energy
assistance
fund.
30
1.
A
powering
agriculture
wind
and
solar
energy
assistance
31
fund
is
created
in
the
state
treasury
under
the
control
of
32
the
Iowa
energy
center
established
in
section
266.39C.
All
33
moneys
deposited
or
paid
into
the
fund
are
appropriated
34
and
made
available
to
the
Iowa
energy
center
to
be
used
for
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agricultural
wind
energy
or
solar
energy
grants
or
loans
as
1
provided
in
subsection
2.
The
fund
shall
consist
of
any
moneys
2
appropriated
by
the
general
assembly
and
payments
on
loans
3
made
under
this
section.
Moneys
in
the
fund
are
not
subject
4
to
section
8.33.
Notwithstanding
section
12C.7,
subsection
2,
5
interest
or
earnings
on
moneys
deposited
in
the
fund
shall
be
6
credited
to
the
fund.
7
2.
Moneys
in
the
powering
agriculture
wind
energy
and
solar
8
energy
assistance
fund
shall
be
used
to
provide
grants
or
loans
9
for
the
construction
of
wind
energy
systems
or
solar
energy
10
systems
at
farms
located
in
the
state
for
the
applicant’s
11
own
use
of
electricity.
Eligible
projects
shall
not
exceed
12
one-half
megawatt
of
nameplate
generating
capacity.
13
3.
A
minimum
of
seventy-five
percent
of
moneys
in
the
14
fund
shall
be
utilized
each
year
for
wind
energy
projects.
A
15
minimum
of
fifty
percent
of
the
moneys
in
the
fund
which
are
16
distributed
or
awarded
each
year
to
applicants
shall
be
in
the
17
form
of
loans.
18
4.
Eligibility
criteria
and
loan
qualifications
and
terms
19
shall
be
determined
by
the
authority
by
rule
in
coordination
20
with
the
Iowa
energy
center
advisory
board.
21
Sec.
5.
Section
476C.1,
subsection
6,
paragraph
d,
Code
22
2013,
is
amended
to
read
as
follows:
23
d.
Was
initially
placed
into
service
on
or
after
July
1,
24
2005,
and
before
January
1,
2015
2018
.
25
Sec.
6.
Section
476C.5,
Code
2013,
is
amended
to
read
as
26
follows:
27
476C.5
Certificate
issuance
period.
28
A
producer
or
purchaser
of
renewable
energy
may
receive
29
renewable
energy
tax
credit
certificates
for
a
ten-year
period
30
for
each
eligible
renewable
energy
facility
under
this
chapter
.
31
The
ten-year
period
for
issuance
of
the
tax
credit
certificates
32
begins
with
the
date
the
purchaser
of
renewable
energy
first
33
purchases
electricity,
hydrogen
fuel,
methane
gas
or
other
34
biogas
used
to
generate
electricity,
or
heat
for
commercial
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purposes
from
the
eligible
renewable
energy
facility
for
1
which
a
tax
credit
is
issued
under
this
chapter
,
or
the
date
2
the
producer
of
the
renewable
energy
first
uses
the
energy
3
produced
by
the
eligible
renewable
energy
facility
for
on-site
4
consumption.
Renewable
energy
tax
credit
certificates
shall
5
not
be
issued
for
renewable
energy
purchased
or
produced
for
6
on-site
consumption
after
December
31,
2024
2027
.
7
EXPLANATION
8
This
bill
relates
to
alternate
energy
by
extending
renewable
9
energy
tax
credit
eligibility
dates,
expanding
membership
of
10
the
Iowa
energy
center
advisory
council,
and
establishing
11
specified
grant
and
loan
funds.
12
The
bill
adds
two
new
members
to
the
council
who
shall
be
13
representatives
of
the
wind
energy
manufacturing,
service,
and
14
production
industries.
The
bill
provides
that
one
member
shall
15
represent
a
large-scale
wind
energy
producer,
and
one
member
16
shall
represent
a
small-scale
wind
energy
producer.
Both
17
members
shall
be
appointed
by
the
Iowa
wind
energy
association.
18
The
bill
establishes
three
new
grant
and
loan
funds,
one
19
relating
exclusively
to
wind
energy
projects,
and
the
other
20
two
encompassing
solar
energy
projects
in
addition
to
wind.
21
Each
grant
and
loan
fund
is
structured
similarly.
The
funds
22
are
created
in
the
state
treasury
under
the
control
of
the
23
Iowa
energy
center
established
in
Code
section
266.39C
and
24
all
moneys
deposited
or
paid
into
the
funds
are
appropriated
25
and
made
available
to
the
Iowa
energy
center
to
be
used
for
26
their
specified
purposes.
Each
fund
shall
consist
of
moneys
27
appropriated
by
the
general
assembly,
if
such
an
appropriation
28
is
made,
and
loan
repayments.
The
bill
specifies
that
moneys
29
in
the
funds
are
not
subject
to
reversion
to
the
general
fund,
30
and
interest
or
earnings
on
moneys
deposited
in
the
funds
31
shall
be
credited
to
the
funds.
Further,
the
bill
states
that
32
eligibility
criteria
and
loan
qualifications
and
terms
shall
be
33
determined
by
the
authority
by
rule
in
coordination
with
the
34
Iowa
energy
center
advisory
board.
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The
bill
creates
a
small
wind
innovation
zone
assistance
1
fund
and
provides
that
moneys
in
the
fund
shall
be
used
to
2
provide
grants
and
loans
for
the
construction
of
small
wind
3
energy
systems
as
defined
in
Code
section
476.48
for
the
4
applicant’s
own
use
of
electricity
within
a
designated
small
5
wind
innovation
zone,
with
a
minimum
of
50
percent
of
the
6
moneys
in
the
fund
which
are
annually
distributed
or
awarded
to
7
applicants
taking
the
form
of
loans.
8
The
bill
creates
a
homegrown
wind
energy
and
solar
energy
9
assistance
fund
and
provides
that
moneys
in
the
fund
shall
10
be
used
to
provide
grants
or
loans
for
the
construction
of
11
wind
energy
systems
or
solar
energy
systems
by
a
private
12
college
or
university,
community
college,
institution
under
the
13
control
of
the
state
board
of
regents,
public
or
accredited
14
nonpublic
elementary
or
secondary
school,
or
public
hospital
as
15
defined
in
Code
section
249J.3
for
the
applicant’s
own
use
of
16
electricity.
The
bill
specifies
that
eligible
projects
shall
17
not
exceed
one-half
megawatt
of
nameplate
generating
capacity,
18
that
a
minimum
of
75
percent
of
moneys
in
the
fund
shall
be
19
utilized
annually
for
wind
energy
projects,
and
that
a
minimum
20
of
50
percent
of
the
moneys
in
the
fund
which
are
distributed
21
or
awarded
to
applicants
annually
taking
the
form
of
loans.
22
The
bill
creates
a
powering
agriculture
wind
energy
and
23
solar
energy
assistance
fund
and
provides
that
moneys
in
24
the
fund
shall
be
used
to
provide
grants
or
loans
for
the
25
construction
of
wind
energy
systems
or
solar
energy
systems
26
at
farms
located
in
the
state
for
the
applicant’s
own
use
of
27
electricity.
The
bill
states
that
eligible
projects
shall
not
28
exceed
one-half
megawatt
of
nameplate
generating
capacity,
that
29
a
minimum
of
75
percent
of
moneys
in
the
fund
shall
be
utilized
30
for
wind
energy
projects,
and
that
a
minimum
of
50
percent
of
31
the
moneys
in
the
fund
which
are
distributed
or
awarded
to
32
applicants
annually
taking
the
form
of
loans.
33
Additionally,
the
bill
extends
by
three
years
the
time
34
period
during
which
an
eligible
renewable
energy
facility
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seeking
to
qualify
for
the
renewable
energy
tax
credit
pursuant
1
to
Code
chapter
476C
shall
have
been
placed
in
service
to
2
before
January
1,
2018.
The
bill
correspondingly
extends
3
the
time
period
after
which
renewable
energy
tax
credit
4
certificates
shall
not
be
issued
to
December
31,
2027.
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