State senators are one step closer to passing a bill that would grant loans for constructing compressed natural gas filling stations.
Senators in the chamber’s Minerals, Business and Economic Development Committee gave the bill its seal of approval on Friday.
The legislation would grant loans of up to $1 million to state or private entities. There’s $5 million available for the program. The bill initially abated interest payments for the loan recipient for the first two years. Senate lawmakers amended the bill to require the state collect interest payments.
Many observers think the amendment will take away incentives for companies to invest.
Still, lawmakers on the committee see the bill as the only way to spur the construction of more natural gas filling stations in the state.
“I see this distinctly as an investment,” said Sen. Jim Anderson, R-Glenrock.