BILL ANALYSIS Ó AB 1842 Page 1 ASSEMBLY THIRD READING AB 1842 (Monning) As Amended May 10, 2012 Majority vote Veterans Affairs 8-0 APPROPRIATIONS 17-0 ----------------------------------------------------------------- |Ayes:|Cook, Pan, Atkins, Block, |Ayes:|Fuentes, Harkey, | | |Gorell, Nielsen, | |Blumenfield, Bradford, | | |Williams, Yamada | |Charles Calderon, Campos, | | | | |Davis, Donnelly, Gatto, | | | | |Hall, Hill, Lara, | | | | |Mitchell, Nielsen, Norby, | | | | |Solorio, Wagner | ----------------------------------------------------------------- SUMMARY : Authorizes the California Department of Veterans Affairs (Department) to use any moneys received from the State Veterans Cemetery (Cemetery) Grant Program (Grant) that are transferred to the California Central Coast State Veterans Cemetery at Fort Ord Endowment Fund (Fund) for the reimbursement of those specified costs to reimburse any cash advances made to the Fund used for those costs to the extent allowed by grant requirements. Specifically, this bill : 1)Authorizes the Department to enter into financial agreements to receive cash advances into the Fund. 2)Requires that any such financial agreements: a) Must make no obligations of repayment for the state; and, b) Must be reviewed and performed in consultation with the Department of Finance. 3)Authorizes the Department to use money received from the Grant that is transferred to the Fund for the reimbursement of the costs of developing and submitting the Grant application, to reimburse any cash advances made to the Fund, to the extent allowed by Grant requirements, once it is determined by the Department and certified by the Controller's office that sufficient funds remain in the Fund to cover ongoing maintenance and operating costs. FISCAL EFFECT : According to the Assembly Appropriations Committee, AB 1842 Page 2 there is no direct state cost. COMMENTS : The former Fort Ord site is the subject of reuse and redevelopment plans by the Fort Ord Reuse Authority. One portion of the former site is planned as the Cemetery and has been so dedicated for approximately 10 years, however, little progress has been made. In order to get the Cemetery started, private donations must fully fund the Cemetery design and planning costs in the form of the Fund. This bill provides an additional mechanism for the Fund to meet the threshold necessary to apply for federal funding of the Cemetery. The bill provides for review of any financial agreements by Department of Finance in addition to review by the Department. The bill requires that no obligations of repayment are made to the state. Analysis Prepared by : John Spangler / V. A. / (916) 319-3550 FN: 0003621