1.The industrial commission may:
a.Make grants or loans, and provide other forms of financial assistance as
necessary or appropriate, to qualified persons for funding research, development,
marketing, and educational projects or activities, feasibility studies, applied
research and demonstrations, venture capital investments, and low-interest loans
and loan buydowns to foster the development of renewable energy, including
wind, biofuels, biomass, solar, hydroelectric, geothermal, and hydrogen, that is
produced from the foregoing renewable energy sources. Any financial assistance
that the commission awards to a project must not be the project's sole support.
Any financial assistance the commission awards must be conditioned on the
assurance that the applicant or a third party will support
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1. The industrial commission may:
a. Make grants or loans, and provide other forms of financial assistance as
necessary or appropriate, to qualified persons for funding research, development,
marketing, and educational projects or activities, feasibility studies, applied
research and demonstrations, venture capital investments, and low-interest loans
and loan buydowns to foster the development of renewable energy, including
wind, biofuels, biomass, solar, hydroelectric, geothermal, and hydrogen, that is
produced from the foregoing renewable energy sources. Any financial assistance
that the commission awards to a project must not be the project's sole support.
Any financial assistance the commission awards must be conditioned on the
assurance that the applicant or a third party will support the project by either
monetary or nonmonetary means. The amount of this additional support is at the
commission's discretion.
b. Provide incentives for multifeed facilities to process corn ethanol, cellulosic
ethanol, canola biodiesel, and soy biodiesel.
c. Provide incentives for scaleable technologies.
d. Provide incentives to increase research and utilization of renewable energy
coproduct utilization for livestock feed, human food products, and industrial use
technologies.
e. Execute contracts and all other instruments necessary or convenient for the
performance of its powers and functions under this chapter.
f. Accept aid, grants, or contributions of money or other things of value from any
source, to be held, used, and applied to carry out this chapter, subject to the
conditions upon which the aid, grants, or contributions are made, including aid,
grants, or contributions from any department, agency, or instrumentality of the
United States for any purpose consistent with this chapter.
g. Establish interest buydown programs for equipment needed for production,
harvest, storage, and transport under the special private lands open to sportsmen
pilot program for native grass stands.
h. Fund technical assistance from the university system and private entities to
producers.
i. Establish incentive programs that have as their purpose demonstrating to the
agriculture community the commercial feasibility of producing, harvesting, storing,
and delivering biomass feedstock. The program may include providing funds to
producers of perennial biomass crops, including native grasses, so that such
producers have an income during the time needed for these plants to mature and
become ready for harvest.
j. Provide incentives to support research and demonstration projects and obtain
matching grants for projects involving advanced biofuels and sugar-based
biofuels.
2. The industrial commission may contract with the department of commerce to provide
technical assistance to the renewable energy council and the industrial commission to
carry out and effectuate the purposes of this chapter, including pursuit of aid, grants, or
contributions of money or other things of value from any source for any purpose
consistent with this chapter. The department may contract with a public or private third
party to provide any or all of the technical assistance necessary to implement the
purposes of this chapter.