Bill Text: CA SB709 | 2015-2016 | Regular Session | Introduced

California Senate Bill 709 (Prior Session Legislation)

Introduced

Bill Title: Natural disaster resilience projects.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2016-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB709 Detail]

Download: California-2015-SB709-Introduced.html

BILL NUMBER: SB 709	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Pavley

                        FEBRUARY 27, 2015

   An act relating to natural disasters.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 709, as introduced, Pavley. Natural disaster resilience
projects.
   Existing law requires the California Alternative Energy and
Advanced Transportation Financing Authority to establish a Property
Assessed Clean Energy (PACE) Reserve program to assist local
jurisdictions in financing certain energy and efficiency projects by
providing a state-funded guarantee for a percentage of local
jurisdiction issues of PACE bonds. Existing law authorizes a city,
county, or city or county to establish, by ordinance, building
seismic retrofit standards applicable to the seismic retrofit of any
buildings identified, as specified, by the city, city and county, or
county as being hazardous to life if an earthquake occurs.
   This bill would state the intent of the Legislature to enact
legislation that would enhance private financing of natural disaster
resilience projects using state and local authorities
   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 enhance private financing of natural disaster
resilience projects using state and local authorities.