BILL NUMBER: AB 2478 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY MARCH 28, 2014
INTRODUCED BY Assembly Member Stone
FEBRUARY 21, 2014
An act to amend Section 10200 of the Insurance
12706.3 of the Water Code, relating to insurance
water .
LEGISLATIVE COUNSEL'S DIGEST
AB 2478, as amended, Stone. Life insurers.
San Lorenzo River.
Existing law provides for state cooperation with the federal
government in the construction of specified flood control projects.
Existing law authorizes the project for flood control on the San
Lorenzo River, in accordance with a prescribed final report, and as
authorized by a prescribed federal act, at an estimated cost to the
state of the sum that may be appropriated for state cooperation by
statute, upon the recommendation and advice of the Department of
Water Resources. Existing law requires the City of Santa Cruz to
carry out the project. Existing law makes state funding contingent on
the provision of funds for the project in either the annual Budget
Act or a general obligation bond act.
This bill would authorize state funding, available upon
appropriation by the Legislature, to be used within the authorized
project boundaries for environmental studies, engineering plans, and
construction activities to mitigate the impacts of summer low-flow
water conditions in the rivermouth of the San Lorenzo River.
Existing law authorizes a life insurer to issue life, disability,
term, and endowment insurance on the group plan, with or without
annuities, and with premium rates less than the usual rates for the
insurance. Existing law authorizes insurance under a franchise
agreement or upon a wholesale basis to be written under rates more or
less than the usual rates for the insurance.
This bill would make technical, nonsubstantive changes to these
provisions.
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. Section 12706.3 of the Water
Code is amended to read:
12706.3. (a) The project for flood control on the San Lorenzo
River is adopted and authorized substantially in accordance with
congressional approval and the final report of the Chief of Engineers
dated June 30, 1994, as authorized by Section 101 (a) (5) of the
Water Resources Development Act of 1996 (P.L. 104-303), as amended,
at an estimated cost to the state of the sum that may be appropriated
for state cooperation by statute, upon the recommendation and advice
of the department.
(b) The City of Santa Cruz shall give assurances satisfactory to
the Secretary of the Army that the local cooperation required by that
final report will be furnished by the city in connection with the
project for flood control.
(c) (1) The City of Santa Cruz, in conjunction with the Department
of the Army, shall carry out the project referred to in subdivision
(a) and may make modifications and amendments to the plans as may be
necessary to carry out the plans for the purposes of Chapter 1
(commencing with Section 12750) and this chapter.
(2) Notwithstanding Section 12639, if there are any major
modifications or amendments to the plans that result in a substantial
increase in the costs to the state for any estimated cost for the
project, no money shall be reallocated by the state in aid of that
portion of the project until the revised plans have been reviewed and
approved by the department. The department shall approve the revised
plans if the department determines that the benefits of the proposed
works of improvement for the revised project will exceed the cost
thereof and that the revised project appears to be the most
economical project plan, considering construction costs, land costs,
easements and rights-of-way costs, and operation and maintenance
costs.
(d) State funding for the project is contingent on the provision
of funds for that purpose in either the annual Budget Act or a
general obligation bond act. Reimbursement of the state share of the
nonfederal costs of the project shall be for those project costs
incurred on or after October 12, 1996, the date on which the project
was authorized by Congress, as set forth in Section 101(a)(5) of the
Water Resources Development Act of 1996 (P.L. 104-303).
(e) State funding, available upon appropriation by the
Legislature, may be used within the authorized project boundaries as
set forth in the final report of the Chief of Engineers dated June
30, 1994, as authorized by Section 101(a)(5) of the Water Resources
Development Act of 1996 (P.L. 104-303), as amended, for environmental
studies, engineering plans, and construction activities to mitigate
the impacts of summer low-flow water conditions in the rivermouth of
the San Lorenzo River.
SECTION 1. Section 10200 of the Insurance Code
is amended to read:
10200. Any life insurer may issue life, disability, term, and
endowment insurance on the group plan, with or without annuities, and
with premium rates less than the usual rates for the insurance. The
insurance under a franchise agreement or upon a wholesale basis may
be written under rates more or less than the usual rates for the
insurance.