MS HB288

Creates the Mississippi Alternative Fuels Conversion Act and establishes a revolving fund in the State Treasury for the Department of Finance and Administration to reimburse conversion costs for state, county, municipal, and school vehicles to operate on alternative fuels including CNG, LPG, LNG, ethanol, methanol, biodiesel, and electric power.

Allows government and school vehicles converted to alternative fuels to receive reimbursement up to $10,000 per vehicle and $300,000 per fill or charge station installation, with a maximum fund balance of $5,000,000, provided entities can repay costs within 7 years.

Establishes a surcharge on alternative fuels sold to reimbursement recipients equivalent to their per-gallon fuel cost savings, with the surcharge collected by the Department of Revenue and apportioned monthly to the Conversion Fund; surcharge suspends when alternative fuel prices equal or exceed displaced fuel prices.

Requires converted government and school vehicles to use alternative fuels when fill or charge stations are within a 5-mile radius and prices are comparable to conventional fuels, and prohibits sale or transfer of converted vehicles before full cost reimbursement unless equipment is transferred to another government or school vehicle.

Brings forward and maintains existing energy planning provisions under Mississippi Code sections 57-39-1, 57-39-9, 57-39-11, and 25-1-77 regarding state energy coordination and fleet management, requiring at least 75% of state-held vehicles achieve 40+ miles per gallon by July 1, 2014; effective July 1, 2013.