BILL NUMBER: SB 679	AMENDED
	BILL TEXT

	AMENDED IN SENATE  MAY 31, 2011

INTRODUCED BY   Senator Pavley

                        FEBRUARY 18, 2011

   An act to amend Section 26140 of  , and to add Section
25416.5 to,  the Public Resources Code, relating to energy,
and making an appropriation therefor.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 679, as amended, Pavley. Energy: energy conservation projects:
financial assistance: local governments and public institutions.
   The Energy Conservation Assistance Act of 1979 requires, until
January 1, 2013, the State Energy Resources Conservation and
Development Commission to provide loans to eligible institutions,
including local governments and public institutions, to finance all
or a portion of the costs incurred in implementing projects related
to energy conservation.
   Existing law appropriated $50,000,000 from the Renewable Resource
Trust Fund to the California Alternative Energy and Advanced
Transportation Financing Authority to implement the Property Assessed
Clean Energy (PACE) Reserve program, which provides for the issuance
of bonds secured by voluntary contractual assessments on property to
finance the installation of distributed generation renewable energy
sources, electric vehicle charging infrastructure, or energy or water
efficiency improvements.
   This bill would appropriate  $25,000,000 of the
unencumbered balance of the $50,000,000 that was appropriated to the
authority to the Energy Conservation Assistance Account, a
continuously appropriated account, to be expended by the commission
for the purposes of providing  low-interest energy efficiency
revolving  loans to  local governments and public
institutions   eligible institutions  , thereby
making an appropriation.
   Vote: 2/3. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
   
  SECTION 1.    Section 25416.5 is added to the
Public Resources Code, to read:
   25416.5.  The authority shall expend the money appropriated to the
account pursuant to subdivision (d) of Section 26140 for the
purposes of providing low-interest energy efficiency revolving loans
pursuant to this chapter for local governments and public
institutions as defined in paragraph (1) of subdivision (n) of
Section 25411. 
   SEC. 2.   SECTION 1.   Section 26140 of
the Public Resources Code is amended to read:
   26140.  (a) Until January 1, 2015, an amount of up to fifty
million dollars ($50,000,000) from the Renewable Resource Trust Fund,
established pursuant to Section 25751, is hereby appropriated to the
authority for the purposes of this division. The moneys appropriated
shall remain in the Renewable Resource Trust Fund until the funds
are needed by the authority pursuant to this division.
   (b) Of the moneys appropriated in subdivision (a), up to three
hundred thousand dollars ($300,000) may be expended by the authority
for the initial administrative costs in implementing this division.
   (c) Repayments of moneys disbursed pursuant to this division shall
be deposited into the Renewable Resource Trust Fund.
   (d) Notwithstanding any other law,  twenty-five million
dollars ($25,000,000) of  the unencumbered balance of the fifty
million dollars ($50,000,000), which was appropriated to the
authority pursuant to subdivision (a) and is in the Renewable
Resource Trust Fund, is hereby appropriated to the Energy
Conservation Assistance Account established pursuant to Section
25416.