Bill Text: CA AB2343 | 2015-2016 | Regular Session | Amended

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Bill Title: Greenhouse Gas Reduction Fund: study.

Sponsorship: Partisan Bill (Democrat 4)

Status: (Failed) 2016-11-30 - From committee without further action. [AB2343 Detail]

Download: California-2015-AB2343-Amended.html

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BILL NUMBER: AB 2343	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 27, 2016
	AMENDED IN ASSEMBLY  APRIL 11, 2016

INTRODUCED BY   Assembly Members Cristina Garcia, Eggman, Eduardo
Garcia, and Gomez

                        FEBRUARY 18, 2016

   An act to amend Section 39720 of the Health and Safety Code,
relating to greenhouse gases.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2343, as amended, Cristina Garcia. Greenhouse Gas Reduction
Fund: study.
   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 to annually submit a report to
the appropriate committees of the Legislature on the status of the
projects funded with moneys in the fund.
   This bill would require the department to include additional data
in that annual report, 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 39720 of the Health and Safety Code is amended
to read:
   39720.  (a) Notwithstanding Section 10231.5 of the Government
Code, the Department of Finance shall submit a report on or before
March 1, 2014, and annually thereafter, to the appropriate committees
of the Legislature on the status and outcomes of projects funded
pursuant to this part.
   (b) (1) The report prepared pursuant to subdivision (a) also shall
include a comparison of all of the following:
   (A) The levels of investment funded pursuant to this part  on
a geographic basis  across the state.
   (B) The greenhouse gas emissions reductions resulting from
investments funded pursuant to this part.
   (C) The economic benefits associated with the investments funded
pursuant to this chapter, including, but not limited to, the jobs
created and salaries and wages associated with those jobs.
   (2) This subdivision shall apply once sufficient data is collected
from the first two market-based compliance mechanism's auctions
conducted in the 2017 calendar year.
   (c) A report submitted pursuant to this section shall be submitted
in compliance with Section 9795 of the Government Code.