The Air Quality Improvement Program (AQIP) supports the development and commercialization of advanced technologies that are necessary to meet California’s long-term air quality and climate goals. The funding plan for fiscal year 2014-15 totals $222 million, including $200 million from the State’s share of auction proceeds under ARB’s cap-and-trade program for low-carbon transportation projects that reduce greenhouse gas emissions. Of this, $10 million is allocated for continued funding of the Truck Loan Assistance Program, which helps smaller truck fleets that have difficulty obtaining loans to upgrade their trucks. It provides enhanced credit assurance so small fleets can access loans for trucks with clean-diesel technologies.
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