Bill Text: CA SB151 | 2021-2022 | Regular Session | Amended
Bill Title: Economic development.
Spectrum: Committee Bill
Status: (Passed) 2021-07-12 - Chaptered by Secretary of State. Chapter 74, Statutes of 2021. [SB151 Detail]
Download: California-2021-SB151-Amended.html
Amended
IN
Assembly
June 28, 2021 |
Introduced by Committee on Budget and Fiscal Review |
January 08, 2021 |
LEGISLATIVE COUNSEL'S DIGEST
This bill would express the intent of the Legislature to enact statutory changes relating to the Budget Act of 2021.
Digest Key
Vote: MAJORITY Appropriation:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Article 4.4 (commencing with Section 12096.6) is added to Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code, to read:Article 4.4. California Competes Grant Program
12096.6.
For purposes of this article, all of the following definitions apply:12096.6.1.
(a) Upon appropriation by the Legislature, GO-Biz shall establish the California Competes Grant Program pursuant to this article.12096.6.2.
(a) A grant may be recaptured, in whole or in part, if the qualified grantee fails to fulfill the terms and conditions of the written agreement entered into pursuant to Section 12096.6.1.12096.6.4.
(a) GO-Biz shall do all of the following:12096.6.5.
(a) The Franchise Tax Board and GO-Biz may prescribe regulations as necessary or appropriate to carry out the purposes of this article.12096.6.6.
This article shall be repealed on January 1, 2030.SEC. 2.
Section 12099 of the Government Code is repealed.The Legislature finds and declares all of the following:
(a)Job creation through rapid technology commercialization is a vital part of the state’s economic well-being, as identified in a January 2012 symposium held by the Brookings Institute.
(b)Innovation and tech-driven entrepreneurial activity coupled with venture investment creates small business startups and expansions at an accelerated rate, which leads to significant employment opportunities that contribute to the state’s financial health and economic competitiveness.
(c)In order to maintain a healthy state economy and to aid
communities, entrepreneurship and technology-based small businesses must be stimulated and supported.
(d)The Innovation Hubs (iHubs) are operated in California through a cooperative agreement between the Governor’s Office of Business and Economic Development (GO-Biz) and geographically distinct regions, all of which are partnered with public universities, community college districts, local governments, research institutions, industry, angel and venture capital networks, and traditional financial institutions. The iHubs are California’s premier resource for facilitating the success of entrepreneurial and small technology startups that can grow California’s economy by assisting business owners in creating and retaining jobs, increasing sales and profits, securing business financing, and creating a successful new business climate in the state.
(e)The iHubs’ economic impact in
fostering entrepreneurial business activity leads to job creation and an innovation in the economy by establishing a formal partnership between the office and the iHub program.
(f)It is necessary to establish a fund that would enable the office to obtain funding from private sources, for appropriation to state designated iHubs, iHub partner organizations, and within state iHub-designated regions for the purpose of establishing, promoting, and enhancing California’s innovation and entrepreneurship ecosystem.
SEC. 3.
Section 12099.1 of the Government Code is amended to read:12099.1.
(a) The California Inclusive Innovation Hub Program is hereby created within theSEC. 4.
Section 12099.2 of the Government Code is amended to read:12099.2.
For purposes of this article, the following terms shall be defined as follows:(b)
(c)
SEC. 5.
Section 12099.3 of the Government Code is amended to read:12099.3.
(a) The office shall issue a request for proposals for the California Inclusive Innovation Hub Program.SEC. 6.
Section 12099.4 of the Government Code is amended to read:12099.4.
A designated iHub2 shall include at least one major university or research center or institute, one economic development organization, and consist of at least four of the following:SEC. 7.
Section 12099.5 of the Government Code is amended to read:12099.5.
Before an official designation as anSEC. 8.
Section 12099.6 of the Government Code is amended to read:12099.6.
(a) An iHub2 may do all of, but shall not be limited to, the following:(2)Provide expert advice to entrepreneurs on starting a business, including legal requirements for starting a business and access to financing opportunities.
(3)
(4)
(b)The iHubs shall, to the extent feasible, do all of the following:
(1)
(2)Coordinate activities with the Employment Training Panel, the California Workforce Investment Board, the Office of the Chancellor of the California Community Colleges, the University of California, the California State University, and other state economic and workforce development programs.
SEC. 9.
Section 12099.7 of the Government Code is amended to read:12099.7.
The Inclusive Innovation Accelerator Account is hereby created within the California Economic Development Fund in the State Treasury. Subject to the approval of the Department of Finance, all moneys collected and received by the office or the Governor’s Office of Business and Economic Development on the office’s behalf for California Inclusive Innovation Initiatives from gifts, bequests, or donations shall be deposited in the Inclusive Innovation Accelerator Account. Notwithstanding Section 13340, the moneys in the account are continuously appropriated to the office to be used for California Inclusive Innovation Initiatives pursuant to the terms of the gift, bequest, or donation.SEC. 10.
Section 12100.61 of the Government Code is amended to read:12100.61.
The Legislature finds and declares all of the following:SEC. 11.
Section 12100.62 of the Government Code is amended to read:12100.62.
Unless the context otherwise requires, the following definitions in this section shall govern the construction of this article:(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n)
(o)
(p)
(q)
(r)
(s)
(t)
SEC. 12.
Section 12100.63 of the Government Code is amended to read:12100.63.
(a) The California Small Business Technical Assistance Expansion Program is hereby created within theSEC. 13.
Section 12100.65 of the Government Code is amended to read:12100.65.
Upon appropriation of funds by the Legislature for the purpose of implementing this article, the office shall make grants toSEC. 14.
Section 12100.67 of the Government Code is amended to read:12100.67.
(a) Upon approval of an award to aSEC. 15.
Section 12100.83 of the Government Code is amended to read:12100.83.
(a) The California Small Business COVID-19 Relief Grant Program is hereby created within CalOSBA.SEC. 16.
Section 12100.83.5 is added to the Government Code, to read:12100.83.5.
(a) The California Venues Grant Program is hereby created within CalOSBA.SEC. 17.
Section 12100.83.6 is added to the Government Code, to read:12100.83.6.
(a) The California Nonprofit Performing Arts Grant Program is hereby created within CalOSBA.SEC. 18.
Article 9 (commencing with Section 12100.90) is added to Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code, to read:Article 9. California Microbusiness COVID-19 Relief Grant Program
12100.90.
For purposes of this article, all of the following shall apply:12100.91.
Subject to appropriation by the Legislature, the following shall apply:12100.92.
The office shall do all of the following:12100.93.
(a) Subject to appropriation by the Legislature, a grantmaking entity that receives an allocation shall administer a county program that includes all of the following:12100.94.
The office may adopt regulations to implement this article. The rulemaking provisions of the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1) shall not apply to any regulation, standard, criterion, procedure, determination, rule, notice, guideline, or any other guidance established or issued by the office pursuant to this article.12100.95.
This article shall remain in effect only until December 31, 2022, and as of that date is repealed.SEC. 19.
Section 13995.44 of the Government Code is amended to read:13995.44.
(a) (1) The commission shall annually provide to all assessedSEC. 20.
Section 17158.1 is added to the Revenue and Taxation Code, to read:17158.1.
For taxable years beginning on or after January 1, 2020, and before January 1, 2023, gross income does not include grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program that is administered by the Office of Small Business Advocate pursuant to Article 9 (commencing with Section 12100.90) of Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code.SEC. 21.
Section 18410.2 of the Revenue and Taxation Code is amended to read:18410.2.
(a) The California Competes Tax Credit Committee is hereby established. The committee shall consist of the Treasurer, the Director of Finance, and the Director of the Governor’s Office of Business and Economic Development, who shall serve as chair of the committee, or their designated representatives, and one appointee each by the Speaker of the Assembly and the Senate Committee on Rules. A Member of the Legislature shall not be appointed.SEC. 22.
Article 8 (commencing with Section 19292) is added to Chapter 5 of Part 10.2 of Division 2 of the Revenue and Taxation Code, to read:Article 8. Collection of Recaptured California Competes Grants
19292.
For purposes of this article, all of the following definitions apply:19293.
(a) GO-Biz shall provide to the Franchise Tax Board a list of qualified grantees and their respective recaptured grant amounts as approved, in whole or in part, by the committee pursuant to Section 18410.2 for collection.19294.
(a) The Franchise Tax Board and GO-Biz may prescribe regulations as necessary or appropriate to carry out the purposes of this article.SEC. 23.
The Legislature finds and declares that Section 12 of this act, which amends Section 12100.63 of, and Section 18 of this act, which adds Section 12100.93 to, the Government Code, imposes a limitation on the public’s right of access to the meetings of public bodies or the writings of public officials and agencies within the meaning of Section 3 of Article I of the California Constitution. Pursuant to that constitutional provision, the Legislature makes the following findings to demonstrate the interest protected by this limitation and the need for protecting that interest:SEC. 24.
No reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because the only costs that may be incurred by a local agency or school district will be incurred because this act creates a new crime or infraction, eliminates a crime or infraction, or changes the penalty for a crime or infraction, within the meaning of Section 17556 of the Government Code, or changes the definition of a crime within the meaning of Section 6 of Article XIII B of the California Constitution.SEC. 25.
The provisions of this act are severable. If any provision of this act or its application is held invalid, that invalidity shall not affect other provisions or applications that can be given effect without the invalid provision or application.SEC. 26.
This act is a bill providing for appropriations related to the Budget Bill within the meaning of subdivision (e) of Section 12 of Article IV of the California Constitution, has been identified as related to the budget in the Budget Bill, and shall take effect immediately.It is the intent of the Legislature to enact statutory changes relating to the Budget Act of 2021.