Bill Text: CA SB461 | 2013-2014 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: State tide and submerged lands: mineral extraction leases: revenues.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2013-08-30 - Set, second hearing. Held in committee and under submission. [SB461 Detail]

Download: California-2013-SB461-Introduced.html

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BILL NUMBER: SB 461	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Leno

                        FEBRUARY 21, 2013

   An act to relating to natural resources.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 461, as introduced, Leno. State tide and submerged lands:
mineral extraction leases: revenues.
   Existing law authorizes the State Lands Commission to lease tide
and submerged lands and beds of navigable rivers and lakes for the
extraction of oil and gas, as specified. Existing law, with specified
exceptions, generally requires the State Lands Commission, on and
after July 1, 2006, to deposit all revenue, money, and remittances,
derived from mineral extraction leases on state tide and submerged
lands into the General Fund, to be available upon appropriation by
the Legislature for specified purposes.
   This bill would state the intent of the Legislature to enact
legislation that would establish the Coastal Trust Fund through the
reallocation of revenues from mineral extraction leases on state tide
and submerged lands.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation that would establish the Coastal Trust Fund through
reallocation of revenues from mineral extraction leases on state tide
and submerged lands.