California – Bill to Provide Grants for Renewable Energy and Biofuel Research Programs

1/23/2013

SALT Report 2073– The California General Assembly introduced a bill that provides grants for research and development projects that lead to the develop of the Salton Sea’s natural resources.

Specifically, the bill provides grants to eligible research institutions and commercial enterprises for research and demonstration projects that lead to the commercial development of the Salton Sea’s renewable energy and biofuel resources.

The Program’s goal is to increase the amount of electricity generated by renewable resources so that the amount equals at least 33% of the total retail sales of electricity in California by December 31, 2020. The requirements of the Bill are as follows:

(e) A commercial enterprise, to be eligible for a grant shall meet all of the following requirements:

(1) Be incorporated as a business authorized to do business in the state.

(2) Provide matching funds for the proposed project.

(3) Certify use of state funds solely for the proposed project sited within the state.

(4) Demonstrate the proposed project will have substantial environmental and economic benefits to the Salton Sea basin region.

(5) Identify a customer or customers for the product to be developed.

(6) Agree to a royalty or other revenue sharing arrangement ensuring the state’s ongoing financial participation in commercially viable operations.

(f) A research institution, to be eligible for a grant for a research and development project, shall meet all of the following requirements:

(1) Be a nonprofit or educational research institution or consortium.

(2) Provide matching funds for the proposed project.

(3) Certify use of state funds solely for the proposed project sited within the state.

(4) Demonstrate how the proposed project will help lead to the commercial development of the Salton Sea’s vast renewable energy and biofuel resources.

(5) Demonstrate the proposed project will have substantial environmental and economic benefits to the Salton Sea basin region.

The Bill also provides a list of requirements that participants must be able to demonstrate.

For Further Information

California General Assembly – Assembly Bill 148