Sub. H.B. 440

126th General Assembly

(S. Environment and Natural Resources)

Defines "FutureGen project" to mean the buildings, equipment, and real property and functionally related buildings, equipment, and real property designated by the United States Department of Energy and the FutureGen Industrial Alliance, Inc., as the coal-fueled, zero-emissions power plant designed to prove the technical and economic feasibility of producing electricity and hydrogen from coal and nearly eliminating carbon dioxide emissions through capture and permanent storage.

Revises the changes in the definition of "air quality facility" added by the bill by requiring that the Director of the Ohio Coal Development Office determine whether any property or portion of it that is used for the collection, storage, treatment, utilization, processing, or final disposal of a by-product resulting from a coal research and development project as defined in the Coal Research and Development Law or from the use of clean coal technology qualifies as an air quality facility, and specifically excludes any property or portion of it that is used primarily for other subsequent commercial purposes.

Creates the FutureGen Initiative Fund consisting of money appropriated to it and money from private donations, grants, gifts, bequests, and other sources, and requires money in the Fund to be used to make grants for the drilling of a test well to assist the state's efforts to secure the FutureGen initiative.

Appropriates $1.25 million to be used to make grants for the drilling of a test well to assist the state's efforts to secure the FutureGen initiative.

H0440-126.doc/ar 3/24/2006