Alternative Fuel Vehicle (AFV) and Fueling Infrastructure Loans

The Finance Authority of Maine (Authority) manages the Clean Fuel Vehicle Fund, a non-lapsing revolving loan fund, which may be used for direct loans and grants to support production, distribution and consumption of clean fuels and biofuels. The Authority may also insure up to 100% of a loan for a clean fuel or biofuel project. The total amount of all loans insured may not exceed $5,000,000. Clean fuel is defined as compressed natural gas, liquefied natural gas, propane, hydrogen, alcohol fuels containing at least 85% alcohol by volume, electricity, or any other transportation fuel that results in lower emissions of oxides of nitrogen, volatile organic compounds, carbon monoxide, and/or particulates than gasoline or diesel fuel. Biofuel is defined as ethanol, biodiesel, hydrogen, methanol, or any other transportation fuel derived from agricultural crops or residues, or from forest products or byproducts. The Clean Fuel Vehicle Fund requires funding by the Maine Legislature.(Reference Maine Revised Statutes Title 10, Sections 963-A, 1023-K, and 1026-A, and Title 36, Section 5219-X)