Volkswagen (VW) Settlement Allocation
The New Jersey Department of Environmental Protection (NJDEP) must approve the allocation of any funds the State receives from the VW Environmental Mitigation Trust. Any funds received from the Trust are deposited in a non-lapsing VW Environmental Mitigation Fund. NJDEP and the Director of the Division of Budget and Accounting will ensure that the funds are distributed in alignment with the purpose of the VW Mitigation Trust Agreement. NJDEP will approve criteria for grants awarded on a competitive basis.
Funding is available for projects that convert diesel trucks, buses, port equipment, marine vessels, and trains to electric power and for electric vehicle charging infrastructure projects. For more information, including how to apply and a list of eligible projects, visit the NJDEP Drive Green website.
(Reference Senate Bill 2019, 2018)
Jurisdiction: New Jersey
Type: Laws and Regulations
Enacted: Jul 1, 2018
See all New Jersey Laws and Incentives.