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arbcombo -- Approved 2013 Revision to the Carl Moyer Cost-Effectiveness Limit

Posted: 28 Mar 2013 13:55:24
Approved revisions to the 2011 Carl Moyer Program
cost-effectiveness limit and capital recovery factors are now
available.   

In order to receive Carl Moyer Program (Moyer Program) funding,
each project must fall below the specified maximum
cost-effectiveness limit.  Cost-effectiveness is a measure of the
dollars provided to a project for each ton of covered emissions
reduced.  To calculate Carl Moyer Program cost-effectiveness, the
project grant amount is annualized utilizing a capital recovery
factor.  Per statute, the Air Resources Board (ARB or the Board)
updates the cost-effectiveness limit and capital recovery factors
annually to account for inflation and recent interest rates.  

 
Mail Out #MSC13-09 announces this change to Appendix G of the
Moyer Program Guidelines. 
http://www.arb.ca.gov/msprog/mailouts/mouts_13.htm


The cost-effectiveness limit is updated to $17,460.  The capital
recovery factors have changed based on a discount rate of 1
percent.  The updated cost effectiveness limit and capital
recovery factors can be used by air districts for contracts
executed beginning April 1, 2013, and must be used for any
contracts executed beginning July 1, 2013.

All approved revisions are incorporated into the latest 2011 Carl
Moyer Program Guidelines and can be found at: 
http://www.arb.ca.gov/msprog/moyer/guidelines/current.htm 

If you have questions regarding these changes, please contact
Nancy Noble, Air Pollution Specialist, at (626) 459-4495 or
nnoble@arb.ca.gov.


BACKGROUND:
Since 1998, the Moyer Program has filled a critical niche in
Californiaís strategy to achieve clean air.  The Moyer Program
provides grant funding for the incremental cost of
cleaner-than-required engines, equipment, and emission reduction
technologies.  The Carl Moyer Program complements Californiaís
regulatory program by funding emission reductions that are
surplus, i.e., early and/or in excess of what is required by
regulation.  State law authorizes ARB to revise the Carl Moyer
Program Guidelines when necessary to improve the ability of the
program to achieve its goals.  In particular, as required by
statute, the Board updates the cost-effectiveness limit and
capital recovery factors annually.


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