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The Committee on Environmental Preservation and Conservation

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(Saunders) recommended the following amendment to amendment

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(223658):

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     Senate Amendment

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     Between line(s) 969-970

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insert:

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4. The business project is located in this state; and

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     5. The jobs created by the business project pay an

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estimated annual average wage that equals at least 130 percent of

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the average private sector wage. The average wage requirement

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may be waived if the office and the commission determine that the

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merits of the individual project or the specific circumstances

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warrant such action; and

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     6. The business project meets one of the following

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criteria:

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     a. Results in the creation of at least 35 direct, new jobs

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at the business; or

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     b. Has an activity or product that uses feedstock or other

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raw materials grown or produced in this state; or

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     c. Has a cumulative investment of at least $50 million

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within a 5-year period.

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d. The project shall address technical feasibility of the

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technology, and the extent to which the proposed project has been

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demonstrated to be technically feasible based on pilot project

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demonstrations, laboratory testing, scientific modeling, or

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engineering or chemical theory that supports the proposal.

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     e. The project shall include innovative technology and the

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degree to which the project or business incorporates an

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innovative new technology or an innovative application of an

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existing technology.

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f. The project shall include production potential and the

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degree to which a project or business generates thermal,

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mechanical, or electrical energy by means of a renewable energy

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resource that has substantial long-term production potential.

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The project must, to the extent possible, quantify annual

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production potential in megawatts or kilowatts.

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g. The project shall include and address energy efficiency

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and the degree to which a project demonstrates efficient use of

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energy, water, and material resources.

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h. The project shall include project management and the

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ability of management to administer a complete the business

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project.

3/19/2008  8:39:00 AM     EP.EP.05333