Bill Text: CA AB1555 | 2015-2016 | Regular Session | Introduced

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

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Bill Title: Greenhouse Gas Reduction Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-11-30 - From committee without further action. [AB1555 Detail]

Download: California-2015-AB1555-Introduced.html

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BILL NUMBER: AB 1555	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Gomez

                        JANUARY 4, 2016

   An act relating to greenhouse gases.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1555, as introduced, Gomez. Greenhouse Gas Reduction Fund.
   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 state board is required to adopt a statewide greenhouse gas
emissions limit equivalent to the statewide greenhouse gas emissions
level in 1990 to be achieved by 2020. 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 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.
   This bill would state the intent of the Legislature to enact
future legislation that would appropriate $1,700,000,000 from the
Greenhouse Gas Reduction Fund for the 2015-16 fiscal year that would
be allocated to different entities in amounts to be determined in the
future legislation for purposes including low carbon transportation
and infrastructure, clean energy communities, and community climate
improvements, wetland and watershed restoration, and carbon
sequestration.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact future
legislation that would appropriate one billion seven hundred million
dollars ($1,700,000,000) from the Greenhouse Gas Reduction Fund,
created pursuant to Section 16428.8 of the Government Code, to be
allocated, in amounts to be determined in that future legislation as
follows:
   (a) For low carbon transportation and infrastructure, as follows:
   (1) The amount of ____ dollars ($____) to the California Air
Resources Board for low carbon transportation and infrastructure
programs.
   (2) The amount of ____ dollars ($____) for Active Transportation
and transit pass investments.
   (b) For clean energy communities, as follows:
   (1) The amount of ____ dollars ($____) to the Community Service
Department and the California Conservation Corps for weatherization
and low-income solar rooftop programs, with at least ____ dollars
($____) of those moneys for integrated solarization and
weatherization programs or projects in disadvantaged communities.
   (2) The amount of ____ dollars ($____) to the California Energy
Commission and the Department of Water Resources for replacement
programs, including turf and toilet replacement.
   (3) The amount of ____ dollars ($____) to the Department of Water
Resources for energy efficient ground water pump replacement grant
programs.
   (4) The amount of ____ dollars ($____) to develop low-carbon
microgrids for public buildings and universities.
   (5) The amount of ____ dollars ($____) to the Department of Food
and Agriculture, and the amount of ____ dollars ($____) to
CalRecycle, to provide incentive programs for waste diversion, biogas
development, and compost programs, including grants to agriculture
and urban waste organic diversion facilities.
   (6) The amount of ____ dollars ($____) to the Department of Food
and Agriculture for on-farm energy and water efficiency programs.
   (c) For community climate improvements, wetland and watershed
restoration, and carbon sequestration, as follows:
   (1) The amount of ____ dollars ($____) to the Department of Fish
and Wildlife for wetland development, rehabilitation, and
enhancement.
   (2) The amount of ____ dollars ($____) to the Wildlife
Conservation Board for allocation to state and regional conservancies
for watershed restoration.
   (3) The amount of ____ dollars ($____) to the Natural Resources
Agency for riparian and revegetation programs.
   (4) The amount of ____ dollars ($____) for
local-climate-beneficial projects for urban greening, urban canopies,
urban brownfield conversion, and other related projects.
   (5) The amount of ____ dollars ($____) for agricultural and
rangeland carbon sequestration programs.
   (6) The amount of ____ dollars ($____) to the Department of
Forestry and Fire Protection for urban forestry.
   (d) For opportunity investments in amounts to be determined.