Bill Text: CA AB1550 | 2015-2016 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Greenhouse gases: investment plan: disadvantaged communities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2016-09-14 - Chaptered by Secretary of State - Chapter 369, Statutes of 2016. [AB1550 Detail]

Download: California-2015-AB1550-Amended.html

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BILL NUMBER: AB 1550	AMENDED
	BILL TEXT

	AMENDED IN SENATE  AUGUST 23, 2016
	AMENDED IN SENATE  AUGUST 18, 2016
	AMENDED IN SENATE  AUGUST 16, 2016
	AMENDED IN SENATE  AUGUST 2, 2016
	AMENDED IN ASSEMBLY  MAY 31, 2016
	AMENDED IN ASSEMBLY  APRIL 11, 2016
	AMENDED IN ASSEMBLY  MARCH 28, 2016

INTRODUCED BY   Assembly Member Gomez

                        JANUARY 4, 2016

   An act to amend Section 39713 of the Health and Safety Code,
relating to greenhouse gases.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1550, as amended, Gomez. Greenhouse gases: investment plan:
disadvantaged communities.
   The California Global Warming Solutions Act of 2006 designates the
State Air Resources Board as the state agency charged with
monitoring and regulating sources of emissions of greenhouse gases.
The act authorizes the state board to include the use of market-based
compliance mechanisms. Existing law requires all moneys, except for
fines and penalties, collected by the state board 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 requires the Department of Finance, in consultation with the
state board and any other relevant state agency, to develop, as
specified, a 3-year investment plan for the moneys deposited in the
fund. Existing law requires the investment plan to allocate a minimum
of 25% of the available moneys in the fund to projects that provide
benefits to disadvantaged communities, as defined, and a minimum of
10% to projects located in those disadvantaged communities. Existing
law authorizes the allocation of 10% for projects located in
disadvantaged communities to be used for projects included in the
minimum allocation of 25% for projects that provide benefits to
disadvantaged communities.
   This bill would instead require the investment plan to allocate
 (1)  a minimum of 25% of the available moneys in the fund
to projects located within, and benefiting individuals living in,
disadvantaged communities,  as described, and  
(2)  an additional minimum of 5% to projects that benefit
low-income households or to projects located within, and benefiting
individuals living in, low-income  communities, as defined.
  communities located anywhere in the state, and (3) an
additional minimum of 5% either to projects that benefit low-income
households that are outside of, but within a   1/2 
 mile of, disadvantaged communities, or to projects located
within the boundaries of, and benefiting individuals living in,
low-income communities that are outside of, but within a  
1/2   mile of,   disadvantaged communities. 
   The bill would become  operational  
operative  only if AB 1613 of the 2015-16 Regular Session is
enacted and becomes effective on or before January 1, 2017.
   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 39713 of the Health and Safety Code is amended
to read:
   39713.  (a) The investment plan developed and submitted to the
Legislature pursuant to Section 39716 shall allocate a minimum of 25
percent of the available moneys in the fund to projects located
within the boundaries of, and benefiting individuals living in,
communities described in Section 39711.
   (b)  (1)    The investment plan
shall allocate a minimum of 5 percent of the available moneys in the
fund to projects that benefit low-income households or to projects
located within the boundaries of, and benefiting individuals living
in, low-income communities.   communities
located anywhere in the state.  
   (c) The investment plan shall allocate a minimum of 5 percent of
the available moneys in the fund either to projects that benefit
low-income households that are outside of, but within a 1/2 mile of,
communities described in Section 39711, or to projects located within
the boundaries of, and benefiting individuals living in, low-income
communities that are outside of, but within a 1/2 mile of,
communities described in Section 39711.  
   (2) 
    (d)  For purposes of this subdivision, the following
definitions shall apply: 
   (A) 
    (1)  "Low-income households" are those with household
incomes at or below 80 percent of the statewide median income or with
household incomes at or below the threshold designated as low income
by the Department of Housing and Community Development's list of
state income limits adopted pursuant to Section 50093. 
   (B) 
    (2)  "Low-income communities" are census tracts with
median household incomes at or below 80 percent of the statewide
median income or with median household incomes at or below the
threshold designated as low income by the Department of Housing and
Community Development's list of state income limits adopted pursuant
to Section 50093. 
   (c) 
    (e)  Moneys  spent   allocated
 pursuant to  one  subdivision  (a) 
 of this section  shall not count toward the minimum
 requirement described in subdivision (b), and moneys spent
pursuant to subdivision (b) shall not count toward the minimum
requirement described in subdivision (a).   requirements
of any other subdivision of this section. 
  SEC. 2.  This act shall become operative only if Assembly Bill 1613
of the 2015-16 Regular Session is enacted and becomes effective on
or before January 1, 2017.