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Synopsis As Introduced Amends the Illinois Renewable Fuels Development Program Act and State Finance Act. Provides that the Department of Commerce and Economic Opportunity shall create and operate an E85 Vehicle Encouragement Program that provides pro rata grant moneys from the E85 Vehicle Encouragement Fund to purchasers of flexible fuel vehicles. Provides that Program grants shall not exceed 10% of the purchase price of the vehicle and that only one Program grant shall be made to the owner of any vehicle during the life of that vehicle. Creates the E85 Vehicle Encouragement Fund. Makes other changes. Effective immediately.
House Committee Amendment No. 1 Deletes everything after the enacting clause. Amends the Illinois Renewable Fuels Development Program Act and State Finance Act. Provides that the Department of Commerce and Economic Opportunity shall create and operate an E85 Vehicle Encouragement Fund to distribute coupons towards the purchase of E85 blended fuel to purchasers of flexible fuel vehicles. Sets forth provisions for the operation of the program. Creates the E85 Vehicle Encouragement Fund. Makes other changes. Effective immediately.
Fiscal Note (H-AM 1) (Dept of Commerce and Economic Opportunity)
House Bill 471 (H-AM 1) is estimated to have a fiscal impact of at least $80,000 on the Department of Commerce and Economic Opportunity for a minimum of one (1) headcount and associated resources to administer the requirements of this legislation. This fiscal impact could increase based upon the amount of program funding provided by the General Assembly, which is unknown at this time.
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