California Code of Regulations › Title 20 - Public Utilities and Energy › Division 2 - State Energy Resources Conservation and Development Commission › Chapter 12 - Alternative and Renewable Fuel and Vehicle Technology Program Regulations › Article 1 - General Provisions Regarding Project Funding › Section 3108 - Purpose of Investment Plan

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The
				  investment plan shall be subject to commission approval and, as approved, shall
				  determine priorities and opportunities for funding under the program for the
				  ultimate purpose of developing and deploying innovative technologies that will
				  transform the state's fuels and vehicles to help attain the state's climate
				  change policies and achieve the other goals specified in Health and Safety Code
				  Section
				  44272
				  et seq.
(b) The assigned policy
				  committee shall be responsible for the preparation and publication of a draft
				  investment plan or update, taking into consideration recommendations and input
				  from public meetings with the advisory committee.
(c) The draft investment plan or update shall
				  be available for public review and comment no less than 30 days prior to the
				  meeting at which the commission considers approving the proposed investment
				  plan or update. During the period of public review, the assigned policy
				  committee shall hold at least one public workshop on the draft investment plan
				  or update. The assigned policy committee may revise the draft investment plan
				  based on comments received during the public review period. At least 14 days
				  prior to the business meeting at which the investment plan will be considered
				  for approval, the assigned policy committee shall publish a proposed investment
				  plan.
(d) As part of the investment
				  plan, the commission shall identify where existing public and private funding
				  dollars are being invested; determine where public funding can be strategically
				  used to encourage and support identified funding priorities of the investment
				  plan including, but not limited to, consideration of potential for commercial
				  viability, competiveness and production expansion of alternative fuels, assess
				  the need for public funding based on where existing public and private funding
				  dollars are already being invested, and analyze opportunities to leverage
				  additional public or private funding.
(e) All funding decisions made by the
				  commission shall be consistent with the investment plan, which shall be updated
				  as needed annually. The investment plan shall serve to give public notice as to
				  the types of projects that would be eligible to receive funding under the
				  program and to specify the categories of funding allocations.
(f) If the commission determines that
				  adjustments are needed in the allocations made to funding categories, the
				  commission shall submit a report to the advisory committee documenting the
				  conditions that lead to the adjustments.
1. New
					 section filed 4-22-2009; operative 4-22-2009 pursuant to Government Code
					 section
					 11343.4
					 (Register 2009, No. 17).
Note: Authority cited: Sections
						44272(a)
						and
						44272.5(a),
						Health and Safety Code. Reference: Sections
						44272.5(a)
						and
						44272(a)-(d),
						Health and Safety Code.