What's New List Serve Post Display

What's New List Serve Post Display

Below is the List Serve Post you selected to display.
newsrel -- Five Million in Loans for Clean Tug-boats, Ferries, Fishing Boats and Excursion Boats in California

Posted: 16 Mar 2012 09:37:53
One-time loan assistance available only until July 31, 2012. 

Release #:12-11

ARB PIO: (916) 322-2990
Cassandra Hockenson

Five Million in Loans for Clean Tug-boats, Ferries, Fishing Boats
and Excursion Boats in California

One-time loan assistance available only until July 31, 2012

SACRAMENTO - The California Air Resources Board has received $5
million in American Recovery and Reinvestment Act Funds to help
clean up a variety of boats and vessels that operate in
California’s ports and harbors.

These funds are designed to reduce emissions from a variety of
marine vessels that use diesel engines, such as charter fishing
boats, commercial fishing boats, crew and supply vessels, ferry
and excursion boats, pilot vessels, tow boats, tug-boats and work
boats.  The funds will be used to guarantee loans for small
businesses who wish to upgrade to cleaner operating boats, but
may not meet today’s stringent borrowing standards.

“This one-time influx of federal funds makes it possible for
small business owners to qualify for a loan to upgrade their
boats, even if they have less than stellar credit,” said ARB
Chairman Mary D. Nichols.  “This will help continue our efforts
to clean up the air in California’s ports and harbor

To be eligible a company owning one of these vessels must have
fewer than 500 employees, and conduct the majority of their
business in California or regulated California waters.  In
addition, the company must meet a participating lender’s
underwriting standards.  A list of these lenders is available at:
These funds will be available through July 31, 2012. Funds are
also still available through this program for off-road vehicles.
For more information on that, go to:

Diesel exhaust contains a variety of harmful gases and over 40
other known cancer causing compounds.  California identified
diesel particulate matter as a toxic air contaminant based on its
potential to cause cancer, premature death and other health
problems.  ARB’s Commercial Harbor Craft regulation is designed
to substantially reduce these dangerous emissions and these funds
are designed to help advance that.

Additional information is available at:
http://www.arb.ca.gov/ports/marinevess/marinevess.htm.  You can
also call ARB’s Commercial Harbor Craft Hotline at (888) 442-7238
or email harborcraft@arb.ca.gov.

ARB's mission is to promote and protect public health, welfare,
and ecological resources through effective reduction of air
pollutants while recognizing and considering effects on the
economy. The ARB oversees all air pollution control efforts in
California to attain and maintain health based air quality

Office of Communications 1001 I Street, Sacramento CA 95814. Ph:
(916) 322-2990

ARB What's New