BILL NUMBER: AB 1447	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JULY 1, 2014
	AMENDED IN SENATE  JUNE 12, 2014
	AMENDED IN ASSEMBLY  APRIL 22, 2014
	AMENDED IN ASSEMBLY  FEBRUARY 18, 2014

INTRODUCED BY   Assembly Members Waldron and V. Manuel Pérez
   (Coauthors: Assembly Members Brown, Chávez, Maienschein, and Wilk)

   (Coauthor: Senator Vidak)

                        JANUARY 6, 2014

   An act to add Chapter 16 (commencing with Section 2581) to
Division 3 of the Streets and Highways Code, relating to greenhouse
gases.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 1447, as amended, Waldron. California Global Warming Solutions
Act of 2006: Greenhouse Gas Reduction Fund: traffic synchronization.
   The California Global Warming Solutions Act of 2006 designates the
State Air Resources Board as the state agency charged with
monitoring and regulating sources of emissions of greenhouse gases.
The act authorizes the state board to include  the  use of
market-based compliance mechanisms. Existing law requires all moneys,
except for fines and penalties, collected by the state board from
the auction or sale of allowances as part of a market-based
compliance mechanism to be deposited in the Greenhouse Gas Reduction
Fund and to be available upon appropriation. Existing law 
authorizes moneys from the fund be allocated for the purpose of
reducing greenhouse gas emissions in this state through specified
investments, including sustainable infrastructure projects, as
specified.   requires the Department of Finance, in
consultation with the state board and any other relevant state
agency, to develop, as specified, a 3-year investment plan for the
moneys deposited in the Greenhouse Gas Reduction Fund. 
   This bill would authorize moneys in the fund to be allocated 
, as specified,  for  an  investment in a traffic
signal synchronization  project as   component
  that is part of  a sustainable infrastructure project
if the  project   component  is designed
and implemented to achieve cost-effective reductions in greenhouse
gas emissions and includes specific  reduction 
emissions-reductions  targets and metrics to evaluate the
project's effect.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  The Legislature finds and declares all of the
following:
   (a) Traffic signal synchronization is a low-cost operational
approach that reduces energy consumption and greenhouse gas emissions
while alleviating congestion.
   (b) Studies show that investment in traffic signal timing programs
enjoy cost-benefit ratios at more than 40 to 1, meaning the benefits
from these programs save more than $40 for every dollar spent.
   (c) Due to their ability to maximize benefits for the least cost,
traffic signal synchronization programs should be explicitly eligible
for funding dedicated to the reduction of greenhouse gas emissions.
  SEC. 2.  Chapter 16 (commencing with Section 2581) is added to
Division 3 of the Streets and Highways Code, to read:
      CHAPTER 16.  TRAFFIC SIGNAL SYNCHRONIZATION


   2581.   (a)    Investments in  a
 traffic signal synchronization  project 
may be eligible for  an  allocation of  funds
  moneys  pursuant to Section 39712 of the Health
and Safety Code as a  component of an eligible  sustainable
infrastructure project if both of the following conditions are met:

   (a) 
    (1)  The sponsoring agency's legislative or governing
body makes a finding that the  project   traffic
signal synchronization component  is designed and implemented
to achieve cost-effective reductions in greenhouse gas emissions.

   (b) 
    (2)  The  project   traffic signal
synchronization component  includes specific  reduction
  emissions-reduction  targets and metrics to
evaluate the  project's   traffic signal
synchronization component's  effect. 
   (b) A traffic signal synchronization component of a sustainable
infrastructure project receiving an allocation of moneys pursuant to
subdivision (a) shall meet the requirements of Section 16428.9 of the
Government Code and Section 39712 of the Health and Safety Code.