BILL ANALYSIS Ó AB 2408 Page 1 Date of Hearing: April 25, 2012 ASSEMBLY COMMITTEE ON APPROPRIATIONS Felipe Fuentes, Chair AB 2408 (Skinner) - As Introduced: February 24, 2012 Policy Committee: Natural ResourcesVote:6-3 Urgency: No State Mandated Local Program: No Reimbursable: No SUMMARY This bill deletes the requirement in current law that the Energy Commissions AB 758 Program be funded from nonstate funds. FISCAL EFFECT 1)No direct state costs. 2)Cost pressure of an unknown amount, but potentially in the millions of dollars, to fund AB 758 Program activities from state funds. COMMENTS 1)Rationale. The author intends this bill to allow the AB 758 Program to be funded from sources other than federal sources, such as the American Recovery and Reinvestment Act. 2)Background. Recently enacted legislation (Chapter 470, Statutes of 2009 (AB 758, Skinner)) required the Energy Commission to develop an energy efficiency program for existing residential and commercial buildings. The statute limited program funding to ARRA and other non-state funds. As AB 758 was chaptered, the author submitted a letter indicating her intent that Chapter 470 be an ongoing program funded by any available source. Analysis Prepared by : Jay Dickenson / APPR. / (916) 319-2081 AB 2408 Page 2