§ 490.703. Biodiesel fuel use credit allocation.
167 words·~1 min read·
/us/cfr/t10/s§ 490.703·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)DOE shall allocate to a fleet or covered person one credit for each qualifying volume of the biodiesel component of a fuel that contains at least 20 percent biodiesel by volume if:
(1)Each qualifying volume of the biodiesel component of a fuel was purchased after November 13, 1998;
(2)The biodiesel component of fuel is used in vehicles owned or operated by the fleet or covered person; and
(3)The biodiesel component of the fuel is used in vehicles weighing more than 8,500 pounds gross vehicle weight rating.
(b)No credit shall be allocated under this subpart for a purchase of the biodiesel component of a fuel if the fuel is:
(1)For use in alternative fueled vehicles which have been used to satisfy the alternative fueled vehicle acquisition requirements under Titles III and V of the Energy Policy Act of 1992; or
(2)Required by Federal or State law. [64 FR 27174, May 19, 1999, as amended at 66 FR 2210, Jan. 11, 2001]