The Legislature further finds and declares all of the following:
(a) Advanced transportation technologies hold the promise of conserving energy, reducing pollution, lowering traffic congestion, and promoting economic development and jobs in California.
(b) There is a pressing need to provide business assistance to California companies engaged in producing and commercializing advanced transportation technologies.
(c) It is the policy of the state to provide financial assistance to California companies, particularly small businesses, that are engaged in commercial efforts in the field of advanced transportation technologies.
(Added by Stats. 1994, Ch. 1218, Sec. 1. Effective January 1, 1995.)
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