SB 64, as amended, Corbett. Proposition 39: implementation.
The California Clean Energy Jobs Act, an initiative approved by the voters at the November 6, 2012, statewide general election as Proposition 39, made changes to corporate income taxes and, except as specified, provides for the transfer of $550,000,000 annually from the General Fund to the Clean Energy Job Creation Fund for 5 fiscal years beginning with the 2013-14 fiscal year. Moneys in the Clean Energy Job Creation Fund are available, upon appropriation by the Legislature, for purposes of funding eligible projects that create jobs in California improving energy efficiency and expanding clean energy generation. Existing law provides for the allocation of these funds for eligible projects at public school facilities, university and college facilities, and other public buildings and facilities, as well as job training and workforce development, and public-private partnerships, as specified.
This bill would require the State Energy Resources Conservation and Development Commission to develop and administer a competitive financial assistance program for energy efficiency and clean energy onsite generation projects that are consistent with specified provisions of the act and to develop and adopt certain guidelines for the program. The bill would provide that eligible facilities for the competitive financial assistance program include, but are not limited to, hospitals and wastewater treatment facilities
begin delete, and would provide that schools are not eligible for the programend delete. The bill would appropriate for the 2013-14 fiscal year an unspecified sum from
the Clean Energy Job Creation Fund to the commission for the above purpose, thereby making an appropriation.
Vote: majority. Appropriation: yes. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Chapter 7 (commencing with Section 26250) is
2added to Division 16.3 of the Public Resources Code, to read:
(a) The State Energy Resources Conservation and
7Development Commission shall develop and adopt guidelines for,
8and develop and administer a
begin delete,end delete competitive financial assistance
9program for energy efficiency and clean energy onsite generation
10projects that are consistent with paragraph (3) of subdivision (a)
11of Section 26205. Eligible facilities may include, but are not limited
12to, hospitals and wastewater treatment facilities. Eligible facilities
begin delete notend delete include begin delete schoolend delete facilities.
16(b) In addition to the criteria specified in Section 26206, the
17guidelines adopted pursuant to subdivision (a) shall do all of the
19(1) Establish audit standards and procedures.
P3 1(2) Ensure that the projects receiving financial assistance are
2consistent with the state’s loading order, as described in the Energy
3Plan II jointly adopted by the State Energy Resources Conservation
4and Development Commission and the Public Utilities
6(3) Ensure that the projects are reliable and feasible with total
7energy savings benefits exceeding project costs.
8(4) Establish energy savings
measurement and verification
10(5) If the project is for clean energy onsite generation, require
11that the energy cost savings over 75 percent of the expected life
12of the project will exceed the initial investment.
13(6) Give priority to projects that have the highest energy savings
14relative to the amount of public moneys used to finance the project.
15(c) The State Energy Resources Conservation and Development
16Commission may use its existing grant and financing programs to
17minimize administrative costs associated with the program,
18including the program developed pursuant to the Energy
19Conservation Assistance Act of 1979 (Chapter 5.2 (commencing
20with Section 25410) of Division 15).
The sum of ____ dollars ($____) is hereby appropriated
22for the 2013-14 fiscal year from the Clean Energy Job Creation
23Fund to the State Energy Resources Conservation and Development
24Commission for the purposes of this chapter.