1. Except as otherwise provided in subsections 2 and 4, any advertising medium, pump or dispenser that advertises or dispenses ethanol flex fuel, biodiesel or a biodiesel blend must identify on the advertising medium, pump or dispenser, as applicable:
(a) Ethanol flex fuel as “Ethanol Flex Fuel” or “EXX Flex Fuel.”
(b) Biodiesel as “Biodiesel” with the designation “B100” or “B99.”
(c) A biodiesel blend as “Biodiesel Blend.”
2. The State Board of Agriculture may adopt regulations to establish alternative identifications for ethanol flex fuel, biodiesel or a biodiesel blend to be used on an advertising medium, pump or dispenser. Such identifications may be used in lieu of the identifications set forth in subsection 1.
3. Each pump or dispenser for ethanol flex fuel, biodiesel or a biodiesel blend must post the automotive fuel rating of the ethanol flex fuel, biodiesel or biodiesel blend in accordance with the requirements of 16 C.F.R. Part 306.
4. The provisions of this section do not apply to a biodiesel blend that contains less than or equal to 5 percent by volume of biodiesel that is sold or offered for sale as diesel fuel.