Bill Text: CA SB1447 | 2019-2020 | Regular Session | Amended
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-Amended.html
Amended
IN
Senate
May 05, 2020 |
Introduced by Senator Bradford |
February 21, 2020 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law establishes the Energy Efficient State Property Revolving Fund and continuously appropriates moneys in the fund to the Department of General Services 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. Existing law transfers into the fund $25,000,000 from moneys received under federal American Recovery and Reinvestment Act of 2009. Existing law authorizes the State Energy Resources Conservation and Development Commission, for the 2011–12 and 2012–13 fiscal years, to transfer up to $50,000,000, in total, into the fund from moneys received by the commission under federal American Recovery and Reinvestment Act of 2009.
This bill would repeal those obsolete provisions relating to the transfer of moneys into the
fund.
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 6106.3 of the Business and Professions Code is amended to read:6106.3.
(b)This section shall become operative on January 1, 2017.
SEC. 2.
Section 2945 of the Civil Code is amended to read:2945.
(a) The Legislature finds and declares that homeowners whose residences are at imminent risk of foreclosure or are in foreclosure are subject to fraud, deception, harassment, and unfair dealing by foreclosure consultants from the time an economic crisis threatens the ability of a homeowner to afford their mortgage payments, through the time a Notice of Default is recorded pursuant to Section 2924 and until the time surplus funds from any foreclosure sale are distributed to the homeowner orSEC. 3.
Section 2945.1 of the Civil Code is amended to read:2945.1.
The following definitions apply to this chapter:(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
SEC. 4.
Section 2924.15 of the Civil Code is amended to read:2924.15.
Unless otherwise provided, paragraph (5) of subdivision (a) of Section 2924, and Sections 2923.5, 2923.55, 2923.6, 2923.7, 2924.9, 2924.10, 2924.11, and 2924.18 shall apply only to first lien mortgages or deeds of trust that meet either of the following conditions:SEC. 5.
Section 2924.15 is added to the Civil Code, to read:2924.15.
(a) Unless otherwise provided, paragraph (5) of subdivision (a) of Section 2924, and Sections 2923.5, 2923.55, 2923.6, 2923.7, 2924.9, 2924.10, 2924.11, and 2924.18 shall apply only to first lien mortgages or deeds of trust that are secured by owner-occupied residential real property containing no more than four dwelling units. For these purposes, “owner-occupied” means that the property is the principal residence of the borrower and is security for a loan made for personal, family, or household purposes.(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.
(b)The fund shall be administered by the department. The department may use other funding sources to leverage project loans.
(c)The Controller shall disburse moneys in the fund for the purposes of this chapter, as authorized by the department.
(d)Moneys in the fund, including all interest earnings, shall be clearly delineated and distinctly accounted for in accordance with the requirements of the act.
(e)Pursuant to subdivision (d) of Section 25422 and subdivision (h) of Section 25464, the commission shall transfer to the Energy Efficient State Property Revolving Fund repayments of, and all accrued interest on, loans funded by the federal American Recovery and Reinvestment Act of 2009 (Public Law 111-5).