Gov. Mike Beebe and state officials on Friday announced the Compressed Natural Gas Conversion Rebate Program funded by the federal stimulus. The program is open to state agencies, higher education institutions, cities counties, school district and private fleets with at least 10 vehicles.

Recipients can receive up to $25,000 per vehicle with a limit of 20% of the rebate fund per entity. The rebates are available until December or until the fund is depleted.

Beebe also announced that $470,000 from state funds will go toward the development of 2 compressed natural gas refueling stations around the state.

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