44800.
For purposes of this division, the following definitions apply:(a) “Administering agency” means ____.
(b) “Financing tools” includes, but is not limited to, any of the following:
(1) Capital instruments, which are financing instruments that increase access to capital or other resources or reduce the cost of capital, or both.
(2) Risk reduction instruments, which are financing instruments that reduce exposure to risk or uncertainty.
(3) Cost smoothing instruments, which are financing instruments that reduce and
smooth up-front or recurrent costs, or both.
(c) “Large fleet” means a fleet of medium- or heavy-duty vehicles, or both, under the control or ownership of one operator that has more than 500 vehicles.
(d) “Microfleet” means a fleet of medium- or heavy-duty vehicles, or both, under the control or ownership of one operator that has up to five vehicles.
(e) “Nonfinancial supports” means technical support, such as supports for technical management of electric medium- and heavy-duty vehicles and technical assistance for financing approaches, or policy action, such as policy measures to enable financing and encourage fleet transitions.
(f) “Priority population” means a community identified as disadvantaged pursuant to Section 39711, or a low-income household
or a low-income community, as defined in Section 39713.
(g) “Small fleet” means a fleet of medium- or heavy-duty vehicles, or both, under the control or ownership of one operator that has less than 20 vehicles but more than 5 vehicles.
(h) “Underserved community” means a community that meets one of the following criteria:
(1) Is a “disadvantaged community” as defined by subdivision (g) of Section 75005 of the Public Resources Code.
(2) Is included within the definition of “low-income communities” as defined by paragraph (2) of subdivision (d) of Section 39713.
(3) Is within an area identified as among the most disadvantaged 25 percent in the state according to the California Environmental
Protection Agency and based on the most recent California Communities Environmental Health Screening Tool, also known as CalEnviroScreen.
(4) Is a community in which at least 75 percent of public school students in the project area are eligible to receive free or reduced-price meals under the National School Lunch Program.
(5) Is a community located on lands belonging to a federally recognized California Native American tribe.
44804.
In developing and implementing the program established pursuant to Section 44802, the administering agency shall do all of the following:(a) Seek input from environmental justice organizations, the operators of medium- and heavy-duty vehicle fleets of diverse sizes and types, financiers, original truck equipment manufacturers, transportation, logistics, and fleet management companies, nongovernmental organizations, and other relevant stakeholders on all of the following topics:
(1) Which medium- and heavy-duty fleets should be designated as high-priority fleets pursuant to subdivision (d), taking into consideration the implications for climate change, pollution and environmental justice, state policy
regarding clean air and transportation, and post-COVID economic recovery.
(2) The critical barriers that impede operators of medium- and heavy-duty fleets in different sectors and of different fleet sizes from transitioning to zero-emission vehicles.
(3) The financing tools and nonfinancial supports that should be used to help overcome the critical barriers identified pursuant to paragraph (2).
(4) How to determine whether the program is successful in meeting its goals.
(b) Develop and design, in consultation with other relevant state agencies and building on the input received pursuant to subdivision (a), financing tools and nonfinancial supports that are most appropriate for different sizes and sectors of medium- and heavy-duty vehicle fleets.
(c) Ensure that a minimum of 75 percent of financing products offered under the program are directed towards operators of medium- and heavy-duty fleets whose fleets directly impact, or operate ____ percent of the time in, an underserved community or priority population, or both.
(d) Designate which medium- and heavy-duty fleets are the high-priority fleets that will have access to the program first based on a consideration of state transportation policy and the input received pursuant to subdivision (a). The administering agency shall designate port and drayage truck fleets as one of the high-priority fleets.
(e) Provide financing tools to operators of small and microfleets that include, but are not limited to, direct assistance, such as incentives, grants, and vouchers, that increase access to capital and reduce
exposure to market risks or uncertainties.
(f) Provide financing tools to operators of large fleets that are designed to increase access to private capital.
(g) Facilitate the decommissioning of high-polluting medium- and heavy-duty vehicles in accordance with the state’s clean air targets and goals.
(h) (1) Establish deadlines for the program that align with milestones established in Executive Order N-79-20 and the proposed revisions to Title 13 (commencing with Section 1900) of the California Code of Regulations known as the Proposed Advanced Clean Trucks Regulation, which were approved by the State Air Resources Board on June 25, 2020.
(2) The administering agency shall do both of the following:
(A) Establish penetration targets for deployment of financing tools and nonfinancial supports to operators whose fleets directly impact, or operate ____ percent of the time in, underserved communities and priority populations for each milestone specified in paragraph (1).
(B) Compile data and information about the deployment of financing tools and nonfinancial supports provided pursuant to the program to operators whose fleets directly impact, or operate ____ percent of the time in, underserved communities and priority populations.
(i) Create, in coordination with other state agencies that administer similar programs, a “one-stop shop” that provides information to operators of medium- and heavy-duty fleets about all of the potential financing and grant options and other technical assistance available to help obtain
financing for zero-emission medium- and heavy-duty vehicles.
(j) Coordinate with the State Air Resources Board, the Public Utilities Commission, and the State Energy Resources Conservation and Development Commission to provide marketing, education, and outreach to underserved communities and priority populations regarding the program.
(k) Ensure the financing tools and nonfinancial supports designed and developed pursuant to this section are available to operators of medium- and heavy-duty fleet operators by January 1, 2023.