Illinois’ Overall Goals for Use of the Funds Sample Clauses

Illinois’ Overall Goals for Use of the Funds. Illinois will use the Trust funds to support projects that will: • Reduce NOx emissions in areas where the affected Volkswagen vehicles are registered while taking into consideration areas that bear a disproportionate share of the air pollution burden, including environmental justice areas; • Maximize emission reductions; and • Maximize and leverage funding. Illinois intends on prioritizing areas of the State for funding as discussed below in Section IV(E). Illinois will prioritize and select projects that are the most cost-effective and that yield the largest amount of NOx emission reductions, utilizing U.S. EPA’s Diesel Emissions Quantifier (“DEQ”) tool, the Alternative Fuel Life-Cycle Environmental and Economic Transportation (“AFLEET”) tool and/or other appropriate methodologies, though Illinois may consider other criteria in selecting projects. The Agency intends on having a minimum of 3 application funding periods. More information regarding the application process will be provided on the Agency’s Volkswagen Settlement webpage as it becomes available (xxxx://xxx.xxx.xxxxxxxx.xxx/topics/air- quality/vw-settlement/index). To spread out the Trust funds as much as possible, Illinois will require the following cost shares. For non-government applicants, Illinois will require a cost share of at least 50 percent, or a higher cost share where specified by the Trust Agreement or DERA (where the DERA option is utilized). For government applicants, Illinois will require a cost share of at least 25 percent, or a higher cost share where specified by DERA (where the DERA option is utilized). Federal agencies will be treated as non-government applicants consistent with the definition of “government” in the Trust Agreement. Given the $2 billion XXX investment component of the Volkswagen Settlement that provides for electric charging infrastructure, of which Illinois and Chicago have been identified to receive priority funding, the purpose of the Trust Agreement and Illinois’ corresponding goal to reduce emissions of NOx, Illinois proposes to fund electric charging infrastructure within individual EMAs where charging infrastructure is needed. This approach supplements the XXX investment component of the Volkswagen Settlement further promoting electric vehicle infrastructure and ensures against stranded electric vehicles or infrastructure.
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Related to Illinois’ Overall Goals for Use of the Funds

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