Brandstad signs bill that includes biofuel infrastructure funding

By Erin Voegele | May 17, 2017

On May 12, Iowa Gov. Terry Branstad signed legislation that provides $3 million of funding for the state’s Renewable Fuels Infrastructure Fund. The legislation is known as the Rebuild Iowa Infrastructure Bill, or HF 643.

Administered by the Iowa Department of Agriculture, the Iowa Renewable Fuels Infrastructure Program helps fuel retailers upgrade their equipment to allow for the expanded use of renewable fuels, including E15, E85 and biodiesel.

Those awarded funding under the program can be reimbursed for up to 50 percent of the costs for specific components of a project. A three-year commitment to sell certain renewable fuels is required. According to the program’s details, a 70 percent reimbursement for specific equipment and installation costs is available with a five-year commitment to sell renewable fuels and install certain equipment.

Additional information on the program is available on the Iowa Department of Agriculture website.