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MO HB1751
Bill
Status
2/15/2012
Primary Sponsor
Darrell Pollock
Click for details
AI Summary
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Creates an annual assessment on electric utilities not to exceed 0.005% of annual intrastate revenues, beginning in 2013
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Establishes the "Agricultural Energy Fund" as a dedicated special fund to receive assessment revenues
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Dedicates fund revenues solely to departmental expenditures for encouraging and developing biomass energy projects in the state
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Allows unspent fund balances to carry forward to the next fiscal year and reduce subsequent utility assessments, rather than reverting to general revenue
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Authorizes the State Treasurer to invest fund moneys and credit all interest earnings back to the fund
Legislative Description
Requires the Department of Natural Resources to annually assess an electric utility in an amount not to exceed .005 of 1% of its annual intrastate operating revenues to encourage biomass energy projects
Last Action
Public Hearing Completed (H)
2/28/2012