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.