BILL NUMBER: AB 1333	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Hagman

                        FEBRUARY 27, 2009

   An act to amend Section 384 of the Public Utilities Code, relating
to public utilities.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1333, as introduced, Hagman. Energy Commission: public interest
research.
   Existing law establishes the Public Interest Research,
Development, and Demonstration Fund in the State Treasury for
purposes of public interest research, development, and demonstration.

   This bill would make technical, nonsubstantive changes to these
provisions.
   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.  Section 384 of the Public Utilities Code is amended to
read:
   384.  (a) Funds transferred to the  State Energy Resources
Conservation and Development Commission   Energy
Commission  pursuant to this article for purposes of public
interest research, development, and demonstration shall be
transferred to the Public Interest Research, Development, and
Demonstration Fund, which is hereby created in the State Treasury.
The fund is a trust fund and shall contain money from all interest,
repayments, disencumbrances, royalties, and any other proceeds
appropriated, transferred, or otherwise received for purposes
pertaining to public interest research, development, and
demonstration. Any appropriations that are made from the fund shall
have an encumbrance period of not longer than two years, and a
liquidation period of not longer than four years.
   (b) Funds deposited in the Public Interest Research, Development,
and Demonstration Fund may be expended for projects that serve the
energy needs of both stationary and transportation purposes if the
research provides an electricity ratepayer benefit.
   (c) The  State Energy Resources Conservation and
Development Commission   Energy Commission  shall
report annually to the appropriate budget committees of the
Legislature on any encumbrances or liquidations that are outstanding
at the time the commission's budget is submitted to the Legislature
for review.