Bill Text: CA AB1087 | 2015-2016 | Regular Session | Introduced
Bill Title: Greenhouse Gas Reduction Fund: high-speed rail.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2016-02-01 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB1087 Detail]
Download: California-2015-AB1087-Introduced.html
BILL NUMBER: AB 1087 INTRODUCED
BILL TEXT
INTRODUCED BY Assembly Member Grove
FEBRUARY 27, 2015
An act to amend Sections 39719 and 39719.1 of the Health and
Safety Code, relating to high-speed rail.
LEGISLATIVE COUNSEL'S DIGEST
AB 1087, as introduced, Grove. Greenhouse Gas Reduction Fund:
high-speed rail.
Existing law requires all moneys, except for fines and penalties,
collected by the State Air Resources Board from the auction or sale
of allowances as part of a market-based compliance mechanism to be
deposited in the Greenhouse Gas Reduction Fund and to be available
upon appropriation. Existing law continuously appropriates 25% of the
annual proceeds of the fund to the High-Speed Rail Authority for
specified components of the initial operating segment and Phase I
blended system, as described in the authority's 2012 business plan.
This bill would provide that the continuous appropriations from
the fund to the High-Speed Rail Authority are for specified
components of the initial operating segment and Phase I blended
system, as described in the authority's 2012 business plan, of the
high-speed train system that shall be constructed as specified.
Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 39719 of the Health and Safety Code is amended
to read:
39719. (a) The Legislature shall appropriate the annual proceeds
of the fund for the purpose of reducing greenhouse gas emissions in
this state in accordance with the requirements of Section 39712.
(b) To carry out a portion of the requirements of subdivision (a),
annual proceeds are continuously appropriated for the following:
(1) Beginning in the 2015-16 fiscal year, and notwithstanding
Section 13340 of the Government Code, 35 percent of annual proceeds
are continuously appropriated, without regard to fiscal years, for
transit, affordable housing, and sustainable communities programs as
following:
(A) Ten percent of the annual proceeds of the fund is hereby
continuously appropriated to the Transportation Agency for the
Transit and Intercity Rail Capital Program created by Part 2
(commencing with Section 75220) of Division 44 of the Public
Resources Code.
(B) Five percent of the annual proceeds of the fund is hereby
continuously appropriated to the Low Carbon Transit Operations
Program created by Part 3 (commencing with Section 75230) of Division
44 of the Public Resources Code. Funds
Moneys shall be allocated by the Controller, according to
requirements of the program, and pursuant to the distribution formula
in subdivision (b) or (c) of Section 99312 of, and Sections 99313
and 99314 of, the Public Utilities Code.
(C) Twenty percent of the annual proceeds of the fund is hereby
continuously appropriated to the Strategic Growth Council for the
Affordable Housing and Sustainable Communities Program created by
Part 1 (commencing with Section 75200) of Division 44 of the Public
Resources Code. Of the amount appropriated in this subparagraph, no
less than 10 percent of the annual proceeds,
proceeds shall be expended for affordable housing, consistent
with the provisions of that program.
(2) Beginning in the 2015-16 fiscal year, notwithstanding Section
13340 of the Government Code, 25 percent of the annual proceeds of
the fund is hereby continuously appropriated to the High-Speed Rail
Authority for the following components of the initial operating
segment and Phase I Blended System System,
as described in the 2012 business plan adopted pursuant to
Section 185033 of the Public Utilities Code:
Code, of the high-speed train system that shall be constructed
pursuant to Chapter 20 (commencing with Section 2704) of Division 3
of the Streets and Highways Code:
(A) Acquisition and construction costs of the project.
(B) Environmental review and design costs of the project.
(C) Other capital costs of the project.
(D) Repayment of any loans made to the authority to fund the
project.
(c) In determining the amount of annual proceeds of the fund for
purposes of the calculation in subdivision (b), the funds
moneys subject to Section 39719.1 shall not be
included.
SEC. 2. Section 39719.1 of the Health and Safety Code is amended
to read:
39719.1. (a) Of the amount loaned from the fund to the General
Fund pursuant to Item 3900-011-3228 of Section 2.00 of the Budget Act
of 2013, four hundred million dollars ($400,000,000) shall be
available to the High-Speed Rail Authority pursuant to subdivision
(b).
(b) The portion of the loan from the fund to the General Fund
described in subdivision (a) shall be repaid to the fund as necessary
based on the financial needs of the high-speed rail project.
Beginning in the 2015-16 fiscal year, and in order to carry out the
goals of the fund in accordance with the requirements of Section
39712, the amounts of all the loan repayments, notwithstanding
Section 13340 of the Government Code, are continuously appropriated
from the fund to the High-Speed Rail Authority for the following
components of the initial operating segment and Phase I Blended
System System, as described in the 2012
business plan adopted pursuant to Section 185033 of the Public
Utilities Code: Code, of the high-speed train
system, that shall be constructed pursuant to Chapter 20 (commencing
with Section 2704) of Division 3 of the Streets and Highways Code:
(1) Acquisition and construction costs of the project.
(2) Environmental review and design costs of the project.
(3) Other capital costs of the project.
(4) Repayment of any loans made to the authority to fund
for the project.
