City Council

15. PROJECT FUNDING FOR ASSEMBLY BILL 2766 (MOTOR VEHICLE REGISTRATION SUBVENTION) FUNDING PROGRAM The City Council authorizes the use of the City’s disbursement of Assembly Bill 2766 funds to offset costs for vehicle emission reduction programs implemented by the City of Tustin. This year, the City Council is requested to allocate the projected Assembly Bill 2766 disbursements for Fiscal Years 2024-2025 and 2025-2026 to fund the Main Street Capital Improvement Project. Recommendation: That the City Council authorize the use of the City’s projected Assembly Bill 2766 disbursements for Fiscal Years 2024-25 and 2025-26 to fund the Main Street Capital Improvement Project by minute order. Fiscal Impact: Since 1991, Assembly Bill 2766 funds have been made available to local governments for use in offsetting State mandated vehicle emissions reduction programs. The use of these funds reduces General Fund responsibility to fund State mandated emission reduction programs. Funds are disbursed to cities on a quarterly basis. In addition to $121,895.86 in available funds from prior funding periods, a total of $78,541.15 has been disbursed in the 2024-25 Fiscal Year, with an estimated final disbursement of $25,000 by June 30, 2025. Approximately $100,000 is expected to be disbursed for the 2025-26 Fiscal Year, for a total of approximately $325,437.01 being available by the end of 2026. Agenda Report