Air Resources Board. The Contractor is required to maintain all equipment, including equipment required to comply with the Public Fleet Rule, according to manufacturer’s recommended guidelines.
Air Resources Board. The CARB logo is a visual representation of our air environment. The arcs represent: the different elements that make up the air we breathe, the protection of our atmosphere and the efforts we take to protect the health of Californians, the collaboration of multiple stakeholders all moving in the same direction together, and innovation with the arcs all growing and changing. Finally, when preparing flyers, brochures, or other handout material that will be used to promote Clean Mobility in Schools Pilot Project as one of CARB’s Low Carbon Transportation Investment projects, the Grantee will incorporate the Moving California typeset and branding, as appropriate. Moving California is the branding of CARB’s suite of Low Carbon Investment projects, including both light- and heavy-duty projects. The Moving California typeset is displayed below and branding materials will be provided by the CARB Project Liaison. MOVING CALIFORNIA cleaner transportation for all communities
Air Resources Board. ARB is responsible for the following:
a. Setting interest rate and buy-down caps for financing assistance programs as follows:
i. Loan loss reserve account-premiums up to twenty (20) percent of the loan amount on the first $300,000 in enrolled loans, at that point contributions can be reduced to up to ten (10) percent. The application must define proposed premiums up to the amounts listed.
ii. For all financing pilot project types the maximum interest rate a lender may charge is fifteen (15) percent annual percentage rate (APR).
iii. For price buy-down for non-profit organizations, the funding maximums are as follows:
1. For a hybrid electric vehicle, 8 year old or newer with combined fuel economy rating of at least 20 miles per gallon of fuel or more depending on the model year as described in Table 1, a maximum price buy-down of $2,500.
2. For a plug-in hybrid and zero emission vehicles, a maximum price buy-down of $5,000 is allowed. Alterations may be required to the loan loss reserve premiums, interest rate, and price buy-down caps, at ARB’s sole discretion.
b. Designating advanced technology vehicles eligible for this Financing Assistance Pilot Project funding.
c. Determining Financing Assistance interest rate cap and price buy-down caps based of vehicle type.
d. Determining eligible lower income consumer criteria.
e. Participating in discussions with the Grantee to guide pilot project implementation and pilot project refinements.
f. Reviewing and approving pilot project elements provided by the Grantee, such as the type of financial assistance, educational curriculum, outreach, and quarterly and final reports.
g. Review and approve all Grant Disbursement Request Forms (Exhibit C) and distribute Financing Assistance Pilot Project funds to the Grantee.
h. Providing pilot project oversight and accountability (in conjunction with the Grantee).
