BILL NUMBER: SB 535	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator De León

                        FEBRUARY 17, 2011

   An act relating to climate change.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 535, as introduced, De León. California Climate Change
Community Benefits Fund.
   The California Global Warming Solutions Act of 2006 requires the
State Air Resources Board to adopt regulations to require the
reporting and verification of emissions of greenhouse gases and to
monitor and enforce compliance with the reporting and verification
program, and requires the state board to adopt a statewide greenhouse
gas emissions limit equivalent to the statewide greenhouse gas
emissions level in 1990 to be achieved by 2020. The act requires the
state board to adopt rules and regulations in an open public process
to achieve the maximum technologically feasible and cost-effective
greenhouse gas emission reductions. The act authorizes the state
board to include the use of market-based compliance mechanisms.
   This bill would state the intent of the Legislature to enact
legislation to establish the California Climate Change Community
Benefits Fund, and require a certain percentage of revenues generated
for the state each year from the state sale of compliance
instruments for market-based compliance mechanisms pursuant to the
act to be deposited into that fund. The bill would also state the
intent of the Legislature that moneys in the fund would be used, upon
appropriation by the Legislature, in the most impacted and
disadvantaged communities to fund programs or projects that reduce
greenhouse gas emissions or mitigate direct health or environmental
impacts of climate change through competitive grants, loans, or other
funding mechanisms.
   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 to do all the following:
   (a) Establish in the State Treasury the California Climate Change
Community Benefits Fund.
   (b) Require a certain percentage of revenues generated for the
state each year from the state sale of compliance instruments for
market-based compliance mechanisms pursuant to Section 38570 of the
Health and Safety Code to be deposited into the fund.
   (c) Require moneys in the fund to be used, upon appropriation by
the Legislature, solely in the most impacted and disadvantaged
communities to fund programs or projects that reduce greenhouse gas
emissions or mitigate direct health or environmental impacts of
climate change through competitive grants, loans, or other funding
mechanisms.