The House initially fully funded the State Ethanol Incentive Fund – a program designed to encourage the corn-based fuel’s production. But State Senators then took the full funding out of the Agriculture Appropriations bill. Now, a conference committee has put full funding plus back payments to ethanol makers back into the proposal. Representative Steve Hobbs of Mexico says with ethanol costing only about a $1.25 a gallon to produce, consumers would see a eight to 10 cent reduction in the cost of a gallon of 10-percent ethanol gasoline. Hobbs admits there’s a lot of time between now and Friday’s budget deadline and anything could happen to put the fund back into jeopardy. But he has assurances from legislative leaders that won’t happen.
You are here: / / Conferees Put Full Ethanol Funding Back Into Budget