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Section 2575 Of Chapter 15.5. Vanpool Financing From California Streets And Highways Code >> Division 3. >> Chapter 15.5.
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 a new vanpool vehicle or vehicles.
(b) A vanpool operator who receives a purchase grant shall operate the vanpool vehicle as a vanpool for the useful life of the vehicle. The vanpool operator's failure to do so shall result in a forfeiture of the grant, the return of the vanpool vehicle to the department, and forfeiture of the operator's contribution toward the purchase price of the vehicle.
(c) Title to the vanpool vehicle shall be retained by the department until the expiration of the vehicle's useful life. Once the vanpool vehicle's useful life has been reached, title to the vehicle shall be transferred to the vanpool operator.
(b) A vanpool operator who receives a purchase grant shall operate the vanpool vehicle as a vanpool for the useful life of the vehicle. The vanpool operator's failure to do so shall result in a forfeiture of the grant, the return of the vanpool vehicle to the department, and forfeiture of the operator's contribution toward the purchase price of the vehicle.
(c) Title to the vanpool vehicle shall be retained by the department until the expiration of the vehicle's useful life. Once the vanpool vehicle's useful life has been reached, title to the vehicle shall be transferred to the vanpool operator.
