Bill Text: CA AB1967 | 2017-2018 | Regular Session | Amended
Bill Title: Zero net energy project budget requests.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-04-11 - In committee: Set, first hearing. Hearing canceled at the request of author. [AB1967 Detail]
Download: California-2017-AB1967-Amended.html
Amended
IN
Assembly
April 05, 2018 |
Assembly Bill | No. 1967 |
Introduced by Assembly Member Patterson |
January 31, 2018 |
LEGISLATIVE COUNSEL'S DIGEST
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 13327 is added to the Government Code, to read:13327.
(a) For purposes of this section, the following terms have the following meanings:(2)Evaluation of the time value of money that applies a reasonable discount rate that takes into account that future dollars are generally worth less than present-day dollars.
(3)
(4)
(5)Sensitivity calculations where there may be significant uncertainty based on a reasonable range of key assumptions, such as future energy costs.
(6)Identification of cobenefits that are not reflected in the economic costs and benefits of a project, including where the proposed ZNE project is a demonstration project designed to evaluate whether a new technology works effectively or is intended to provide valuable information to the building industry on the feasibility of implementing the technology.
(d)Only those
projects where a cost–benefit analysis demonstrates that the benefits outweigh the costs may be approved.