42660.
(a) The Recycled Materials Innovation Grant Program is hereby established to be administered by the department, in collaboration with the Office of Planning and Research, to offer competitive grants to create innovative uses for recyclable materials that have not historically been recycled domestically.(b) (1) The department shall award no more than five grants of twenty million dollars ($20,000,000) each.
(2) Moneys from the General Fund shall be available upon appropriation by the Legislature for the purposes of this section.
(c) Qualified applicants for a grant shall include all of the following:
(1) For-profit businesses.
(2) Nonprofit organizations described in Section 501(c)(3) of the Internal Revenue Code (26 U.S.C. Sec. 501(c)(3)) that are exempt from taxation under Section 501(a) of that code (26 U.S.C. Sec. 501(a)).
(d) When awarding a grant, the department shall consider all of the following:
(1) The extent to which an applicant’s project will lead to a clear, measurable impact on the waste stream through prevention, reuse, and recycling.
(2) The extent to which an applicant’s project would address a specific waste prevention, reuse, or recycling infrastructure or market need in the state.
(3) The extent to which an applicant’s project is economically viable and sustainable after grant funding is exhausted.
(4) The extent to which an applicant shows sufficient business planning and management experience to ensure that the project is likely to succeed.
(e) Eligible uses for a grant shall include all of the following:
(1) Operation costs.
(2) Equipment.
(3) Capital improvements.
(f) The department shall develop administrative guidelines and other requirements for the administration of the program.