as amended, Corbett. California Global Warming Solutions Act of 2006: market-based compliance mechanisms: Clean Technology
begin delete Investmentend delete Account.
The California Global Warming Solutions Act of 2006, hereafter the Global Warming Solutions Act, 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 use of market-based compliance mechanisms. Existing law requires all moneys, except for fines and penalties, collected by the state board as part of a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund and to be available upon appropriation by the Legislature. Existing law 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. Existing law permits moneys from the fund be allocated for the research, development, and deployment of innovative technologies, measures, and practices related to programs and projects funded under the Global Warming Solutions Act.
This bill would create the Clean Technology
begin delete Investmentend delete Account within the Greenhouse Gas Reduction Fund. The bill would require the Legislature to annually appropriate moneys from the Greenhouse Gas Reduction Fund or other funds to the Clean Technology begin delete Investmentend delete Account in the Budget Act. The bill would make the moneys in the Clean Technology begin delete Investmentend delete Account available to the begin delete state boardend delete
for the purposes of begin delete providing grants to nonprofit public benefit corporations and regional technology alliances to design and implement programs that accelerate the development, demonstration, and deployment by companies and entrepreneurs of transformative technologies that would reduce or have the potential to reduce greenhouse gas emissions and foster job creation in the stateend delete, as specified.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
It is the intent of the Legislature that moneys in
28the Clean Technology Investment Account be used to facilitate
29the achievement of reductions of greenhouse gas emissions in this
30state consistent with paragraph (7) of subdivision (c) of Section
3139712 of the Health and Safety Code.
Section 16428.96 is added to the Government Code,
(a) There is hereby created the Clean Technology
35Investment Account within the Greenhouse Gas Reduction Fund,
36established pursuant to Section 16428.8. Moneys in the Clean
37Technology Investment Account shall be available for expenditure
38by the State Air Resources Board for the purposes of this section,
39upon appropriation by the Legislature. The Legislature shall
40annually appropriate moneys from the Greenhouse Gas Reduction
P7 1Fund or other funds to the Clean Technology Investment Account
2in the annual Budget Act.
3(b) (1) Moneys in the Clean Technology Investment Account
4shall be expended by the State Air Resources Board for grants to
5design and implement programs that accelerate the development,
6demonstration, and deployment by companies and entrepreneurs
7of transformative technologies that would reduce or have the
8potential to reduce greenhouse gas emissions and foster job creation
9in the state.
10(2) The State Air Resources Board shall make grants available
11pursuant to paragraph (1) to either of the following:
12(A) Nonprofit public benefit corporations formed pursuant to
13the Nonprofit Corporation Law (Division 2 (commencing with
14Section 5000) of the Corporations Code) that are qualified to do
15business in California and are qualified under Section 501(c)(3)
16of the Internal Revenue Code.
17(B) Regional technology alliances.
18(3) Not more than 5 percent of the moneys appropriated to the
19State Air Resources Board pursuant to this section shall be used
20to pay the costs associated with administering this section.
21(c) Priority for grants awarded pursuant to subdivision (b) shall
22be given to nonprofit public benefit corporations and regional
23technology alliances that have one or more of the following:
24(1) A demonstrated ability to accelerate innovative technologies
25intended to reduce greenhouse gas emissions.
26(2) A demonstrated ability to attract private capital.
27(3) Access to a broad network of resources, including, but not
28limited to, sponsoring entities, outside venture capital, academia,
29volunteers, and mentors.
30(4) Operate as part of a larger effort that it can leverage for the
31purposes of the programs designed pursuant to paragraph (1) of
33(5) An ability to match public funds with private resources,
34whether actual cash or in-kind contributions.
35(d) Prior to disbursing moneys pursuant to this section, the State
36Air Resources Board shall develop and adopt project solicitation
37and evaluation guidelines. The state board shall conduct a public
38meeting to consider public comments prior to finalizing the
39guidelines. At least 30 days prior to the public meeting, the state
P8 1board shall publish the draft solicitation and evaluation guidelines
2on its Internet Web site.
3(e) The Administrative Procedure Act (Chapter 3.5 (commencing
4with Section 11340) of Part 1 of Division 3 of Title 2) does not
5apply to the development of program guidelines and solicitation
6and evaluation guidelines developed pursuant to this section.