On page
5,
between lines 19 and 20 of the House State Affairs Committee engrossed bill, insert:
"
Section 10. That chapter
10-47B
be amended by adding thereto a NEW SECTION to read as
follows:
The Department of Legislative Audit shall annually review the financial records of each ethanol
producer that receives any production incentive payment from the ethanol fuel fund and shall report
such findings to the Legislature. The financial records and information collected by the department
and reported to the Legislature is not considered a public record and is exempt from disclosure. If
the gross profit of the facility exceeds twenty percent, the ethanol producer shall return one-fourth
of the production incentive payment received in the previous fiscal year to the state. Such return shall
be made within ninety days of notification by the department.".