BILL NUMBER: SB 87	CHAPTERED  09/24/01

	CHAPTER  327
	FILED WITH SECRETARY OF STATE  SEPTEMBER 24, 2001
	APPROVED BY GOVERNOR  SEPTEMBER 23, 2001
	PASSED THE SENATE  SEPTEMBER 6, 2001
	PASSED THE ASSEMBLY  AUGUST 30, 2001
	AMENDED IN ASSEMBLY  JULY 3, 2001
	AMENDED IN SENATE  MAY 8, 2001
	AMENDED IN SENATE  MARCH 21, 2001

INTRODUCED BY   Senator Soto

                        JANUARY 11, 2001

   An act to add Section 19630.5 to the Welfare and Institutions
Code, relating to blind persons, and making an appropriation
therefor.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 87, Soto.  Blind Vendor Revolving Loan Fund.
   Existing state and federal laws provide for the establishment of
vending facilities to be operated by blind vendors on state and
federal property.  The program is administered by the Director of
Rehabilitation, and requires the director to establish the Business
Enterprises Program for the Blind, and to encourage and establish
these vending facilities.
   This bill would create the Blind Vendor Revolving Loan Fund in the
State Treasury and would continuously appropriate moneys in the fund
to the Department of Rehabilitation, for the purpose of providing
loans for the purchase of inventory and equipment by existing blind
vendors, in accordance with specified criteria.  The bill also would
appropriate $100,000 from the Rehabilitation-Huelsman Trust Special
Deposit Fund to the department for deposit in the Blind Vendor
Revolving Loan Fund.
   Appropriation:  yes.


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


  SECTION 1.  Section 19630.5 is added to the Welfare and
Institutions Code, to read:
   19630.5.  (a) The Blind Vendor Revolving Loan Fund is hereby
created in the State Treasury, and, notwithstanding Section 13340 of
the Government Code, is continuously appropriated without regard to
fiscal years to the department for the purposes specified in
subdivision (c).  The fund shall be interest bearing.
   (b) The Blind Vendor Revolving Loan Fund shall consist of moneys
appropriated to that fund by the Legislature, moneys collected
pursuant to the repayment of loans made pursuant to subdivision (c),
and, notwithstanding Section 16305.7 of the Government Code, all
interest, dividends, and pecuniary gains from investments or deposits
of moneys in the fund.
   (c) (1) Moneys in the fund shall be used by the department for the
purpose of providing loans to existing blind vendors for the
purchase of inventory and equipment.
   (2) An eligible individual may hold only one loan at a time from
the fund.
   (3) The maximum loan amount from the fund shall be ten thousand
dollars ($10,000).
   (4) All loans from the fund shall accrue interest at the rate of
the Pooled Money Investment Account plus 1 percent, as issued
annually by the Department of Finance.
   (d) Pursuant to Sections 19006 and 19016, the department shall
promulgate regulations necessary to implement the requirements of
this section, in consultation with the appropriate stakeholders.
  SEC. 2.  The sum of one hundred thousand dollars ($100,000) is
hereby appropriated from the Rehabilitation-Huelsman Trust Account in
the Special Deposit Fund to the Department of Rehabilitation for
deposit in the Blind Vendor Revolving Loan Fund created pursuant to
Section 19630.5 of the Welfare and Institutions Code.