(a) The Arkansas Alternative Fuels Development Program is established and shall be developed and administered by the Arkansas Agriculture Department.
(b) The program shall include four (4) types of incentives:
(1) Capital and operation production incentives for alternative fuels producers;
(2) Production incentives for feedstock processors;
(3) Distribution incentives for alternative fuels distributors; and
(4) Rebate incentives for the:
(A) Differential costs; and
(B) Costs of converting a diesel-powered or gasoline-powered motor vehicle into a:
(i) Dedicated compressed natural gas motor vehicle;
(ii) Bi-fuel compressed natural gas motor vehicle;
(iii) Dedicated propane gas motor vehicle; or
(iv) Bi-fuel propane gas motor vehicle.
(c) The incentives under this subchapter are available only for the following after July 1, 2013:
(1) Capital investments in alternative fuels production facilities, feedstock processing facilities, or distribution facilities;
(2) The production of alternative fuels;
(3) The processing of feedstock; or
(4) The conversion of a diesel-powered or gasoline-powered motor vehicle into a:
(A) Dedicated compressed natural gas motor vehicle;
(B) Bi-fuel compressed natural gas motor vehicle;
(C) Dedicated propane gas motor vehicle; or
(D) Bi-fuel propane gas motor vehicle.
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