(a) The Arkansas Alternative Fuels Development Program shall include a grant incentive program that provides grants to feedstock processors to assist in the construction, modification, alteration, or retrofitting of feedstock processing facilities that are located and operated in Arkansas.
(b) The Department of Agriculture shall create a grant application process for feedstock processors that shall include:
(1) An application for a grant under this subchapter that shall include at a minimum:
(A) A narrative description of the intended use of the grant moneys; and
(B) Evidence sufficient to satisfy the department that the applicant has the capacity to complete the proposed project;
(2) Instructions about the grant process;
(3) Scoring procedures to determine the award of the grants; and
(4) Other factors that the Secretary of the Department of Agriculture deems necessary.
(c)
(1) The department shall prepare an annual progress report on grant assistance made under this section.
(2) The report shall include:
(A) The amount of each grant;
(B) The purpose of each grant;
(C) How grant funds were expended by the grant recipient; and
(D) The origin and tonnage of the feedstock that was processed.
(3) The report for each state fiscal year shall be filed by June 30 of the following fiscal year with the office of the Governor and the Legislative Council.
(d)
(1) The department shall not award a grant in an amount that exceeds three million dollars ($3,000,000) or fifty percent (50%) of the project cost, whichever is less, to any one (1) feedstock processor in any one (1) fiscal year.
(2) An entity that holds a controlling interest in more than one (1) feedstock processing plant is considered one (1) feedstock processor under this section.
(e) Nothing in this section shall limit a grant recipient under this section from applying for or receiving a production incentive for alternative fuels producers under § 15-13-302.