§ 490.703 - Biodiesel fuel use credit allocation.

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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:

Each qualifying volume of the biodiesel component of a fuel was purchased after November 13, 1998;

The biodiesel component of fuel is used in vehicles owned or operated by the fleet or covered person; and

The biodiesel component of the fuel is used in vehicles weighing more than 8,500 pounds gross vehicle weight rating.

No credit shall be allocated under this subpart for a purchase of the biodiesel component of a fuel if the fuel is:

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

Required by Federal or State law.