2019 -- S 0558 | |
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LC001674 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2019 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - STATE FLEET REPLACEMENT | |
REVOLVING LOAN FUND | |
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Introduced By: Senators Seveney, DiPalma, Euer, and Coyne | |
Date Introduced: March 14, 2019 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 42-11-2.4 of the General Laws in Chapter 42-11 entitled |
2 | "Department of Administration" is hereby amended to read as follows: |
3 | 42-11-2.4. State Fleet Replacement Revolving Loan Fund. |
4 | (a) There is hereby created as a separate fund within the treasury to be known as the state |
5 | fleet replacement revolving loan fund which shall be administered by the general treasurer in |
6 | accordance with the same laws and fiscal procedures as the general funds of the state. This fund, |
7 | hereafter referred to as the "revolving loan fund", shall consist of such sums as the state may from |
8 | time to time appropriate, as well as money received from the disposal of used vehicles, loan, |
9 | interest and service charge payments from benefiting state agencies, as well as interest earnings, |
10 | money received from the federal government, gifts, bequests, donations, or otherwise from any |
11 | public or private source. |
12 | (b) This fund shall be used for the purpose of acquiring motor vehicles, both new and |
13 | used, and vehicle-related equipment and attachments for state departments and agencies. |
14 | (c) The proceeds from the repayment of any loans made for the purposes authorized |
15 | under this chapter shall be deposited in and returned to the revolving loan fund in order to |
16 | constitute a continuing revolving fund for the purposes listed above. |
17 | (d) The office of state fleet operations of the Rhode Island department of administration |
18 | shall adopt rules and regulations consistent with the purposes of this chapter and chapter 35 of |
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1 | title 42, in order to provide for the orderly and equitable disbursement and repayment of funds |
2 | from the revolving loan fund. |
3 | (e) Provided; however, a total of four million two hundred thousand dollars ($4,200,000) |
4 | shall be made available as a direct grant from the revolving loan fund for the required twenty |
5 | percent (20%) match for the Public Transit Authority to obtain federal funds to purchase buses |
6 | through FY 2017. Any such sums need not be repaid to the revolving loan fund. |
7 | (f) For the purposes of this section, a "zero emission vehicle", shall mean a battery |
8 | electric vehicle, a plug-in hybrid electric vehicle, or a fuel cell vehicle. For fiscal year 2020, the |
9 | department of administration will ensure that not less than fifteen percent (15%) of all vehicle |
10 | purchases are zero emission vehicles. For fiscal year 2021, the department of administration will |
11 | ensure that not less than twenty percent (20%) of all vehicle purchases are zero emission vehicles. |
12 | For fiscal year 2022, the department of administration will ensure that not less than twenty-five |
13 | percent (25%) of all vehicle purchases are zero emission vehicles. For fiscal year 2023, the |
14 | department of administration will ensure that not less than thirty percent (30%) of all vehicle |
15 | purchases are zero emission vehicles. For fiscal year 2024, the department of administration will |
16 | ensure that not less than thirty-five percent (35%) of all vehicle purchases are zero emission |
17 | vehicles. For fiscal year 2025, the department of administration will ensure that not less than forty |
18 | percent (40%) of all vehicle purchases are zero emission vehicles. For fiscal year 2026, the |
19 | department of administration will ensure that not less than forty-five percent (45%) of all vehicle |
20 | purchases are zero emission vehicles. For fiscal year 2027, the department of administration will |
21 | ensure that not less than fifty percent (50%) of all vehicle purchases are zero emission vehicles. |
22 | SECTION 2. This act shall take effect upon passage. |
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LC001674 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - STATE FLEET REPLACEMENT | |
REVOLVING LOAN FUND | |
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1 | This act would require that the state use funds from the state fleet replacement revolving |
2 | loan fund to require that a minimum percentage of its fleet vehicle purchases are made of zero |
3 | emission vehicles which mean, battery electric, plug-in hybrid electric, or fuel cell vehicles. The |
4 | required percentage purchase would start at twenty-percent (20%) for fiscal years 2020, and |
5 | gradually increase until fiscal years 2027, when the funds would be used to make fifty percent |
6 | (50%) of its purchases for zero emission vehicles. |
7 | This act would take effect upon passage. |
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LC001674 | |
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