Public, Legislative and Regulation Activity
The VW settlement continues to move forward with the establishment of October 2, 2017 as the “Trust Effective Date.” States now have 60 days to file for beneficiary status under the settlement. The $3 billion Mitigation Trust Fund (MTF) will provide grant funding for diesel emission reduction projects.
Under the eligibility criteria for the MTF approved by the court, school bus companies under contract to local school districts are considered to be governmental agencies and are eligible for up to 100% of the cost of a new vehicle or engine for qualifying vehicles. If you are interested in applying for state funds, it is imperative that you monitor your state’s activities and ideally get involved on a state level. Further information about your state’s preparations to receive its settlement funds can be found here and additional information can also be found at www.vwclearinghouse.org.