Section 24-38.5-504 - Community access to electric bicycles rebate program - eligibility - reimbursement(1) The office shall establish the community access to electric bicycles rebate program to provide rebates for purchases of electric bicycles and equipment made by eligible individuals, businesses, and nonprofit organizations. In establishing the rebate program, the office shall determine: (a) Eligibility for participation in the rebate program, which eligibility must include a requirement that: (I) An eligible individual resides in a low- or moderate-income household, which income thresholds the office shall determine;(II) An eligible business or nonprofit organization uses electric bicycles to conduct its business activities;(III) To qualify for a rebate, the purchase must be of an electric bicycle and equipment that: (A) Are used primarily for commuting or other nonrecreational purpose; and(B) Cost less than a maximum threshold price set by the office; and(IV) To qualify for a rebate, a business or nonprofit organization that purchases an electric bicycle must use the electric bicycle primarily to conduct its business activities, including making last-mile deliveries, and for other nonrecreational purposes;(b) Rebate amounts and any criteria used in determining rebate amounts; and(c) The mechanism for issuing a rebate, which mechanism may include:(I) A requirement that rebate program participants attest to their eligibility for a rebate; and(II) Vendor payments made to bicycle shops that sell a qualifying electric bicycle and equipment at a discount to an individual, business, or nonprofit organization that is eligible to participate under the rebate program.(2) The office may use up to nine percent of the money in the fund to cover its direct and indirect costs incurred in administering the rebate program.Added by 2022 Ch. 300,§2, eff. 6/2/2022.