10/29/2024 | Press release | Distributed by Public on 10/29/2024 09:22
Indiana VW Trust Fund Committee Convenes Final Meeting, Marks $45M in Clean Air Projects
INDIANAPOLIS- After awarding more than $45 million in grant funding for clean air projects across the state, the Indiana Volkswagen Environmental Mitigation Trust Fund Committee met for the final time on Tuesday, Oct. 29.Under an executive order, Governor Eric Holcomb formed the 11-member committee to manage and allocate Indiana's portion of a settlement between the U.S. Department of Justice and the Volkswagen Corporation for federal Clean Air Act violations. The Indiana Department of Environmental Management (IDEM) was named the beneficiary and administrative agency for the trust fund.
"I am incredibly thankful for the leadership and commitment of the Hoosiers serving on the committee," Governor Holcomb said. "Their stewardship has helped lay the groundwork for a clean transportation infrastructure that will result in a healthier environment and economic future for Indiana."
Since its formation in October 2017, the committee has awarded 152 grants to public and private entities totaling approximately $45 million to fund clean air projects that significantly reduce diesel emissions across Indiana. Cumulatively, the projects are estimated to reduce lifetime NOx emissions by 810 tons, reduce particulate matter (PM2.5) by 35 tons, and account for 5.1 million gallons of fuel saved. Notable projects include:
"The VW Trust Fund Committee has made a lasting impact to help protect Hoosiers' health and the environment," said IDEM Commissioner Brian Rockensuess. "The projects they reviewed and funded have measurably resulted in cleaner air and improved quality of life for Indiana citizens."
Since the initial appointment, 8 committee members remained serving at the time of the final meeting:
As one of their final acts, the committee delegated IDEM to oversee the disbursement of any remaining funds not previously allocated or accrued through interest. The agency plans to distribute the remaining money, estimated at $1 million, to current projects needing additional funding or to qualifying projects that were not previously funded.
About the Committee:The Indiana Volkswagen Environmental Mitigation Trust Fund Committee was formed under an executive order issued by Gov. Eric Holcomb on Oct. 4, 2017. The committee plays a vital role in the disbursement of Indiana's share of funds from the Environmental Mitigation Trust created as part of Volkswagen's settlement of Clean Air Act violations regarding diesel emissions from their vehicles. Indiana received approximately $41 million under the terms of the consent decree.About IDEM:IDEM (idem.IN.gov) implements federal and state regulations regarding the environment. Through compliance assistance, incentive programs, and educational outreach, the agency encourages and aids businesses and citizens in protecting Hoosiers and our environment.-30-
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