b'NEWSWIREPaycheck Protection Program Remains OpenFUNDING OPPORTUNITY FOR for New Applications Until August 8 CALIFORNIA FERRY OPERATORSThe federal governments Paycheck ProtectionPVA members in California (both public Program (PPP) will continue to receive new applica- agencies and private businesses) that operate tions until August 8.ferries may wish to consider an opportunity Congress renewed and extended the PPP, and thefrom the states Volkswagen Environmental President signed it into law at the beginning of July. TheTrust funding program.authority to issue new PPP loans expired at the end ofThe California Air Resources Board (CARB) June, but now the program has a few weeks of life in it for anyone thatis soliciting proposals to scrap existing engines did not apply previously.on ferries and repower the vessels with new PVA members have asked if a company that previously receivedzero-emission battery-electric or fuel cell tech-PPP assistance and that is on the verge of using up its proceeds will benologies.This is a competitive program.In eligible to apply for a second round of assistance. Unfortunately, thethis round of funding, $35 million will be dis-new law does not permit this. However, several Senators of both partiestributed.are attempting to enact legislation later this month that would allow atAn application must be submitted online no least some previous PPP recipients to become eligible to apply a secondlater than August 31.time. PVA supports this effort, which has yet to be enacted into law. The purpose of the VW Environmental PVA has previously made available videos that explain PPP andMitigation Trust is to mitigate the excess discuss how a PPP recipient can obtain forgiveness of some or all ofnitrogen oxide emissions caused by VWs use the loan. Keep in mind that an applicant must submit a PPP through aof illegal defeat devices during automobile participating fi nancial institution. emissions testing. nPPP video links:Understand and Apply for SBA Emergency Assistance Programs More detailed information, including the application form, is available at Joan Renner PPP Loan Program 2nd Update n www.californiavwtrust.orgZF Propulsion System Technology.For the dependable, on-time serviceEXCEED GLOBAL EMISSIONS STANDARDSyou provide. Operate a lightweight vessel equipped with hybrid or electric engines. Reduce ZFs line of propulsion technologyfrom transmissions and thrusters, to propellers and controlsprovides the optimalyour operating and maintenance costs. solution for passenger ferry applications worldwide. We offerMinimize your environmental impact. the control, reliability and performance youre looking for, resulting in a turnkey propulsion system designed to meet yourBUILD A CARBON FIBER FERRYneeds. ZF is ready to help keep you on-schedule.zfmarinepropulsion.comLearn about Americas only carbon T- and K-Class ferry builder:www.ARCADIA-ALLIANCE.comJULY 2020FOGHORN 35'