(a) Availability of grants is limited to:

1. (1) Alternative fuels production and/or facilities located in Arkansas;
2. (2) Alternative fuels production and/or investments made on or after January 1, 2007;
3. (3) Two million dollars ($2,000,000) to any one (1) alternative fuels producer in any one (1) fiscal year;
4. (4) Two million dollars ($2,000,000) to any one (1) feedstock processor in any one (1) fiscal year; and
5. (5) Fifty-thousand dollars ($50,000) for any one (1) alternative fuels distributor at each alternative fuels distributor site in any one (1) fiscal year.

(b)

1. (1) An entity that holds controlling interest in more than one (1) alternative fuels production facility is considered one (1) alternative fuels producer.
2. (2) An entity that holds controlling interest in more than one (1) feedstock processing plant is considered one (1) feedstock processor.
3. (3) Persons or entities who are alternative fuels producers and feedstock processors may apply for and receive grant funds under the act for alternative fuels production and for feedstock processing.