Cal. Sts. & Hy. Code § 2572
Current through the 2023 Legislative Session.
Any person may submit an application to the department for a loan from the fund to purchase a vanpool vehicle for operation by the person as a vanpool operator. Title to the vehicle shall be retained by the department until the loan is repaid in full. The loan shall be repaid over a period of time not to exceed the vehicle's useful life. Once the loan is repaid in full, title to the vehicle shall be transferred to the vanpool operator.
Ca. Sts. and High. Code § 2572