BILL NUMBER: SB 679	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  JUNE 29, 2011
	AMENDED IN SENATE  MAY 31, 2011

INTRODUCED BY   Senator Pavley

                        FEBRUARY 18, 2011

   An act to amend Section 26140 of  , and to add Section 26142
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 loans to eligible institutions, thereby making
an appropriation.  The bill would revert any unexpended funds
appropriated by the above provision remaining in the Energy
Conservation Assistance Account on and after January 1, 2013, except
to the extent those funds are encumbered, back to the Renewable
Resource Trust Fund for use by the authority for the PACE Reserve
program. 
   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 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. 
   SEC. 2.    Section 26142 is added to the  
Public Resources Code   , to read:  
   26142.  (a) Notwithstanding Section 26140, twenty-five million
dollars ($25,000,000) of the unencumbered balance of the fifty
million dollars ($50,000,000) that was appropriated to the authority
pursuant to Section 26140 and is in the Renewable Resource Trust Fund
is hereby appropriated to the Energy Conservation Assistance Account
established pursuant to Section 25416.
   (b) Notwithstanding Section 25421, any unexpended funds
appropriated pursuant to subdivision (a) remaining in the Energy
Conservation Assistance Account on and after January 1, 2013, except
to the extent those funds are encumbered pursuant to Section 25417.5,
shall revert to the Renewable Resource Trust Fund and be available
to the authority for the purposes of this division.