SB 6238 - DIGEST |
(SEE ALSO PROPOSED 1ST SUB) |
Supports the development of commercial-scale aviation biofuels production facilities in the state by facilitating and streamlining the permitting process for new facilities and the expansion of existing facilities and providing access to low-cost financing through the issuance of revenue bonds. |
Requires the housing finance commission to: (1) Issue bonds for financing project costs of facilities; |
(2) Make or purchase loans for financing the facilities; or |
(3) Enter into financing documents relating to the repayment of those loans or the provision of, or security for, debt service on the bonds. |
Requires Innovate Washington to convene a sustainable aviation biofuels work group. |
Terminates the work group on June 30, 2015. |