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

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-Amended.html

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BILL NUMBER: SB 461	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 1, 2013

INTRODUCED BY   Senator Leno

                        FEBRUARY 21, 2013

   An act to  add Section 6217.9 to the Public Resources Code,
  relating to  natural   coastal 
resources.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 461, as amended, 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   create the Coastal
Adaptation Fund in the State Treasury, and would authorize the
expenditure of moneys in the fund, in an amount not to exceed
$15,000,000 annually, by the Ocean Protection Council, the Department
of Fish and Wildlife, the California Coastal Commission, the State
Coastal Conservancy, and the San Francisco Bay Conservation and
Development Commission, upon appropriation by the Legislature in the
Budget Act, for purposes relating to the preparation, planning, and
implementation of measures, based upon the best available scientific
information, designed to address sea level rise and coastal climate
change, and related impacts  .
   Vote: majority. Appropriation: no. Fiscal committee:  no
  yes  . State-mandated local program: no.


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

   SECTION 1.    Section 6217.9 is added to the 
 Public Resources Code   , to read:  
   6217.9.  The Coastal Adaptation Fund is hereby created in the
State Treasury. Moneys in the fund may be expended, in an amount not
to exceed fifteen million dollars ($15,000,000), by the Ocean
Protection Council, the Department of Fish and Wildlife, the
California Coastal Commission, the State Coastal Conservancy, and the
San Francisco Bay Conservation and Development Commission, upon
appropriation by the Legislature in the Budget Act, for purposes
relating to the preparation, planning, and implementation of
measures, based upon the best available scientific information,
designed to address sea level rise and coastal climate change, and
related impacts.  
  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.