California Streets and Highways Code CHAPTER 15.5 - Vanpool Financing
- Section 2570.
For purposes of this chapter, the following terms have the meanings given in this section:(a) “Vanpool operator” means any person who files an application and who...
- Section 2571.
The Ridesharing Vanpool Revolving Loan and Grant Fund is hereby created in the State Treasury. The fund shall be administered by the department for purposes...
- Section 2572.
Any person may submit an application to the department for a loan from the fund to purchase a vanpool vehicle for operation by the person...
- Section 2573.
The department shall charge a rate of interest for loans made under this chapter reasonably calculated to ultimately keep the fund at a constant level...
- Section 2574.
The vanpool grant program shall be administered by the department. From funds appropriated to the department for the purpose, the department shall make grants to...
- Section 2575.
(a) Any person may submit an application to the department for a grant of not more than 70 percent of the cost to purchase or lease...
- Section 2576.
A vanpool operator who receives a lease grant shall operate the vanpool vehicle as a vanpool for the duration of the lease. The vanpool operator’s...
- Section 2577.
All money received by the department under this chapter shall be deposited in the Ridesharing Vanpool Revolving Loan and Grant Fund.(Added by Stats. 1989, Ch....
- Section 2578.
(a) The department shall adopt guidelines for the making of loans and for the purchase and lease of vanpool vehicles. The guidelines shall, in the case...
- Section 2579.
A vanpool operator is not eligible for any California income tax deduction or credit applicable to vanpooling with respect to the amount of any grant...
- Section 2580.
(a) The Department of Transportation may make loans to other state agencies for the purpose of purchasing vanpool vehicles, as defined by subdivision (b) of Section...
Last modified: October 22, 2018