Bill Text: CA AB1943 | 2013-2014 | Regular Session | Chaptered

California Assembly Bill 1943 (Prior Session Legislation)

CA State Legislature page for AB1943

Bill Title: Tidelands: City of Eureka.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Passed) 2014-09-30 - Chaptered by Secretary of State - Chapter 891, Statutes of 2014. [AB1943 Detail]

Download: California-2013-AB1943-Chaptered.html

BILL NUMBER: AB 1943	CHAPTERED
	BILL TEXT

	CHAPTER  891
	FILED WITH SECRETARY OF STATE  SEPTEMBER 30, 2014
	APPROVED BY GOVERNOR  SEPTEMBER 30, 2014
	PASSED THE SENATE  AUGUST 19, 2014
	PASSED THE ASSEMBLY  AUGUST 21, 2014
	AMENDED IN SENATE  JUNE 30, 2014
	AMENDED IN ASSEMBLY  MARCH 24, 2014

INTRODUCED BY   Assembly Member Chesbro

                        FEBRUARY 19, 2014

   An act to amend Section 3 of Chapter 1086 of the Statutes of 1970,
relating to tidelands and submerged lands of the City of Eureka, and
making an appropriation therefor.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1943, Chesbro. Tidelands: City of Eureka.
   Existing law grants to the City of Eureka all the right, title,
and interest of the state in and to certain tidelands and submerged
lands located in Humboldt Bay in trust for certain purposes. Existing
law requires the City of Eureka to establish the Humboldt Bay Fund
and to deposit in the fund all moneys received directly from, or
indirectly attributable to, those trust lands.
    Existing law requires the City of Eureka, prior to June 30 of
each year, to pay to the Controller a specified amount of the money
deposited by the city into the Humboldt Bay Fund during the preceding
fiscal year in lieu of all obligations incurred by the city, as
specified. Existing law requires that the city submit to the
commission, on or before September 30 of each year for the preceding
fiscal year, an annual statement of financial condition and
operations.
   This bill would instead require that the annual statement of
financial condition and operations be submitted to the commission on
or before December 31 of each year for the preceding fiscal year.
   Existing law, the Kapiloff Land Bank Act, creates the Land Bank
Fund, and continuously appropriates moneys in the fund, subject to a
statutory trust, to the State Lands Commission, acting as the Land
Bank Trustee, to acquire real property or any interest in real
property for the purposes of public trust title settlements.
   This bill would delete the requirement that the City of Eureka pay
to the Controller a specified amount of the money deposited by the
city into the Humboldt Bay Fund during the preceding fiscal year and
would instead require, on June 30, 2015, and at the end of every
fiscal year thereafter, that 4% of all gross revenues generated from
the trust lands be transmitted to the commission and deposited in the
Land Bank Fund for expenditure by the commission pursuant to the
act, thereby making an appropriation.
   Appropriation: yes.


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

  SECTION 1.  Section 3 of Chapter 1086 of the Statutes of 1970, as
amended by Section 1 of Chapter 1068 of the Statutes of 1982, is
amended to read:
  Sec. 3.  (a) The city shall establish the Humboldt Bay Fund in the
manner as may be approved by the State Lands Commission, and the city
shall deposit therein all moneys received directly from, or
indirectly attributable to, the tide and submerged lands granted to
the city. An annual statement of financial condition and operations,
to conform with those requirements as the State Lands Commission may
prescribe, shall be submitted to the State Lands Commission by the
city on or before December 31 of each year for the preceding fiscal
year. In furtherance of its management and administration over
granted tide and submerged lands, the State Lands Commission shall
audit, or cause to be audited, the operations and all books and
records of the city. Further, the city shall prepare and submit to
the State Lands Commission, for its review and approval, an annual
budget with respect to all revenues and expenditures regarding tide
and submerged lands granted to the city. All moneys received from the
Controller pursuant to Section 18 of this act shall be deposited in
the Humboldt Bay Fund and may be used by the city for the purposes
for which revenues accruing from or out of the use of the granted
tidelands may be used pursuant to the provisions of this act.
   (b) On June 30, 2015, and at the end of every fiscal year
thereafter, 4 percent of all gross revenue generated from the trust
lands described in subdivision (a) shall be transmitted to the State
Lands Commission and deposited in the Kapiloff Land Bank Fund for
expenditure by the commission pursuant to Division 7 (commencing with
Section 8600) of the Public Resources Code for management of the
commission's granted lands program.