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2005 LAWS OF MARYLAND
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Ch. 332
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application or a claim is not subject to public disclosure; providing for certain
funding to implement the production credits; defining certain terms; and
generally relating to production credits for certain ethanol and biodiesel
products.
BY adding to
Article - Agriculture
Section 10-1501 through 10-1507, inclusive, to be under the new subtitle
"Subtitle 15. Production Credits for Renewable Fuels"
Annotated Code of Maryland
(1999 Replacement Volume and 2004 Supplement)
BY repealing and reenacting, without amendments,
Article - State Government
Section 10-616(a)
Annotated Code of Maryland
(2004 Replacement Volume)
BY adding to
Article — State Government
Section 10-616(t)
Annotated Code of Maryland
(2004 Replacement Volume)
Preamble
WHEREAS, The United States imports more than 62% of its oil and this
percentage is expected to grow to more than 77% by the year 2025; and
WHEREAS, The use and production of clean burning, domestically produced
renewable fuels, such as ethanol and biodiesel, will reduce the United States'
dependence on foreign oil; and
WHEREAS, Ethanol production has doubled nationally in the last ten years, to
a level where 84 plants in 20 states have a capacity to produce 3.4 billion gallons
annually, mostly in states that have offered production credits and other incentives;
and
WHEREAS, Biodiesel production is anticipated to grow from its current 30
million gallons annually to 150 million gallons annually, due in part to the increased
demand for a clean-burning alternative to sulphur in diesel fuel; and
WHEREAS, The construction of ethanol and biodiesel production facilities will
provide expanded market opportunities for farmers and a value added enterprise that
will promote economic development in rural areas; and
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- 1648 -
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