California Health and Safety Code

§ 44299.80

HSC § 44299.80 Effective Jan 1, 2004Div. 26 · Part 5 · Ch. 9.8

Statute text

As used in this chapter, the following terms have the following meanings:

(a)“Advanced introduction cost” means the cost of a project less a baseline cost that would otherwise be incurred by the applicant in the normal course of business based on the actual age and turnover rates of trucks used at ports, and may include, but is not limited to, any of the following: incremental engine costs, re-engine or retrofit costs, additional operational costs, incremental fuel costs, facility modifications, and scrappage costs to eliminate operation on highways in the state.

(b)“Cost-effectiveness” means the funds provided to a project for each ton of particulate matter reduction attributed to a project or to the program as a whole. In calculating cost-effectiveness, a one-time grant of funds made at the beginning of a project shall be annualized using a time value of public funds or discount rate determined for each project. Cost-effectiveness shall be calculated by dividing annualized costs by local emissions reductions of PM.

…

Legislative history

Amended by Stats. 2003, Ch. 62, Sec. 187. Effective January 1, 2004.