Bill Text: CA AB1046 | 2019-2020 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Air Quality Improvement Program: Clean Vehicle Rebate Project.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2019-08-30 - In committee: Held under submission. [AB1046 Detail]
Download: California-2019-AB1046-Amended.html
44274.8. California Electric Vehicle Initiative. Clean Vehicle Rebate Project established as part of the Air Quality Improvement Program. The continuous funding plan may include, but need not be limited to, taxpayer-neutral financing options to derive immediate value for
point-of-sale rebates from a cashflow stream of current and future funding sources.
Bill Title: Air Quality Improvement Program: Clean Vehicle Rebate Project.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2019-08-30 - In committee: Held under submission. [AB1046 Detail]
Download: California-2019-AB1046-Amended.html
|
Amended
IN
Senate
July 05, 2019 |
|
Amended
IN
Senate
June 20, 2019 |
|
Amended
IN
Assembly
April 30, 2019 |
|
Amended
IN
Assembly
April 08, 2019 |
CALIFORNIA LEGISLATURE—
2019–2020 REGULAR SESSION
Assembly Bill
No. 1046
| Introduced by Assembly Member Ting |
February 21, 2019 |
An act to add Section 44274.8 to the Health and Safety Code, relating to vehicular air pollution.
LEGISLATIVE COUNSEL'S DIGEST
AB 1046, as amended, Ting.
Air Quality Improvement Program: California Electric Vehicle Initiative. Clean Vehicle Rebate Project.
Existing law establishes the Air Quality Improvement Program that is administered by the State Air Resources Board for the purposes of funding projects related to, among other things, the reduction of criteria air pollutants and improvement of air quality. Pursuant to its existing statutory authority, the state board has established the Clean Vehicle Rebate Project, as a part of the Air Quality Improvement Program, to promote the use of zero-emission vehicles by providing rebates for the purchase of new zero-emission vehicles.
This bill would establish the California Electric Vehicle Initiative to be administered by the state board to provide financial incentives to the market to achieve a statewide deployment of 5,000,000 electric vehicles by December 2030. The bill
would require the state board to develop a plan to provide for the continuous funding of the California Electric Vehicle Initiative, Clean Vehicle Rebate Project, as specified. The bill would authorize the Treasurer, upon request by the state board and following approval from the Director of Finance, to securitize revenues for which the state board has existing authority to establish a continuous funding source for the California Electric Vehicle Initiative,
Clean Vehicle Rebate Project, as specified.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 44274.8 is added to the Health and Safety Code, to read:(a)The California Electric Vehicle Initiative is hereby established as part of the Air Quality Improvement Program to be administered by the state board to provide financial incentives to the market to achieve a statewide deployment of 5,000,000 electric vehicles by December 2030.
(b)(1)
44274.8.
(a) (1) The state board shall develop a plan to provide for the continuous funding of the(2) The continuous funding plan shall not include moneys recovered from ratepayers by electrical or gas corporations.
(c)
(b) (1) Upon request by the state board and following approval from the Director of Finance, the Treasurer may securitize revenues for which the state board has existing authority to establish a continuous funding source for the California Electric Vehicle Initiative.
Clean Vehicle Rebate Project established as part of the Air Quality Improvement Program.
(2) Prior to the required approval from the Director of Finance pursuant to paragraph (1), the state board shall provide the director all of the following:
(A) A rebate structure, which shall include a plan that gradually reduces the rebate dollar level per vehicle to zero over a set of steps of increasing vehicle volume, designed to achieve support the deployment of 5,000,000 zero-emission vehicles in the state by December 2030.
(B) A starting
rebate level for all battery electric vehicles and hydrogen fuel cell vehicles, designated as the benchmark rebate level, in an amount that does not exceed seven thousand five hundred dollars ($7,500) per vehicle.
(C) Rebate levels, if any, for plug-in hybrid electric vehicles that reflect, relative to the benchmark rebate level, those vehicles’ contribution to achieving the state’s greenhouse gas and air pollution emissions reduction goals.
(D) An estimate of the total amount of money to be paid as rebates between July 1, 2020, and the date at which 5,000,000 zero-emission vehicles have been are expected to be
deployed.
(3) The Department of Finance shall specify a funding plan to maintain funding levels for any program impacted by this subdivision.
(d)
(c) This section does not provide the state board new authority to establish new revenue sources.
