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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 firstname.lastname@example.org. BACKGROUND: Since 1998, the Moyer Program has filled a critical niche in California’s 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 California’s 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. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: moyer, ms-mailings.