Bill Text: CA SB1447 | 2019-2020 | Regular Session | Introduced
Bill Title: Income tax: sales and use tax: credit: small business.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Passed) 2020-09-09 - Chaptered by Secretary of State. Chapter 41, Statutes of 2020. [SB1447 Detail]
Download: California-2019-SB1447-Introduced.html
Introduced by Senator Bradford |
February 21, 2020 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 25471 of the Public Resources Code is amended to read:25471.
(a) There is hereby created in the State Treasury the Energy Efficient State Property Revolving Fund for the purpose of implementing this chapter. Notwithstanding Section 13340 of the Government Code, the money in this fund is continuously appropriated to the department, without regard to fiscal years, for loans for projects on state-owned buildings and facilities to achieve greater, long-term energy efficiency, energy conservation, and energy cost and use avoidance.(c)For the 2009–10 fiscal year, the sum of twenty-five million
dollars ($25,000,000) shall be transferred into the Energy Efficient State Property Revolving Fund from money received by the commission pursuant to the act to be used for purposes of the federal State Energy Program.
(d)(1)For the 2011–12 and 2012–13 fiscal years, the commission may transfer up to fifty million dollars ($50,000,000), in total, as the commission determines to be appropriate, into the Energy Efficient State Property Revolving Fund from money received by the commission pursuant to the act to be used for the purposes of the federal State Energy Program.
(2)The commission shall provide written notice to the Controller on the amount and timing of the transfer of moneys into the fund.
(3)Subject to the limitations of paragraph (1), the commission may make multiple transfers to
allow for reallocating available funds from project cancellations and project savings.
(4)Notwithstanding Section 9795 of the Government Code, the commission shall notify, in writing, the Joint Legislative Budget Committee when a transfer is made pursuant to this subdivision.
(e)
(f)
(g)