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2020 California Code
Streets and Highways Code - SHC
DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS
CHAPTER 15.5 - Vanpool Financing
Section 2572.
Universal Citation: CA St & Hwy Code § 2572 (2020)
2572.
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.
(Added by Stats. 1989, Ch. 799, Sec. 2. Effective September 26, 1989.)
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