The term, ethanol blender pump, refers to a mechanism provided by the retail dealer for the dispensing at retail of ethanol blend as defined in § 10-47B-3 so that the end user may select the ratio of ethanol to gasoline to be dispensed. The pump shall be the type that:
(1) Dispenses at retail a blend of gasoline and ethanol in the ratio selected by the purchaser;(2) Is manufactured to an industry standard and carries a warranty for compatibility with dispenser components and storage and piping systems;(3) Has at least four hoses and dispenses the following: (a) Either a blend of ten percent ethanol or the minimum blend percentage approved for all vehicles by the United States Environmental Protection Agency;(b) A blend of at least fifteen percent ethanol; and(4) Complies with all alternative fuel, biofuel, and flexible fuel requirements established by law.