BILL ANALYSIS                                                                                                                                                                                                    �



                                                                            



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                                 UNFINISHED BUSINESS


          Bill No:  SB 232
          Author:   Monning (D), et al.
          Amended:  9/6/13
          Vote:     27 - Urgency

           
          PRIOR VOTES NOT RELEVANT

           ASSEMBLY FLOOR  :  Not available


           SUBJECT  :    California Central Coast State Veterans Cemetery at  
          Fort Ord
                      Endowment

           SOURCE  :     Author


           DIGEST  :    This bill repeals a budget allocation for a loan to  
          the Central Coast State Veterans Cemetery at Fort Ord  
          (Cemetery), appropriates $1 million to the Central Coast State  
          Veterans Cemetery at Fort Ord Endowment Fund (Fund) for  
          construction of the Cemetery, and amends current statutory  
          requirements of regarding the use of interest on a principal in  
          the Fund.  This bill requires that any money transferred as part  
          of the budget action granting a loan to the Fund be returned to  
          the General Fund.   

          Assembly Amendments  delete the Senate version of the bill  
          relating to public transit employees, and add the current  
          language, coauthors and an urgency clause. 

           ANALYSIS  :    
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          Existing law:

          1.Creates the California Central Coast State Veterans Cemetery  
            at Fort Ord Fund in the State Treasury, and requires moneys in  
            the Fund to be allocated, upon appropriation by the  
            Legislature, to DVA for the annual administrative and  
            oversight costs of the veterans cemetery, as specified, and to  
            generate funding through interest for the veterans cemetery.

          2.Requires moneys in the Fund to be invested to generate ongoing  
            earnings to cover the estimated annual oversight and  
            maintenance costs associated with the veterans cemetery, as  
            provided.

          3.Requires DVA to develop and submit a State Veterans Cemetery  
            Grant Program application to the United States Department of  
            Veterans Affairs for the establishment of a veterans cemetery  
            upon the Controller's determination that the Fund has adequate  
            principal to yield sufficient investment earnings in each year  
            for the next 10 years, from the date of the determination, to  
            fully fund the respective year's administrative and oversight  
            costs, and to fund the estimated costs of developing and  
            submitting the application, as specified.

          4.Authorizes the Director of Finance to transfer up to  
            $1,500,000 as a loan from the General Fund to the Fund, and  
            requires the loan to be repaid with interest, as provided.

          This bill:

          1.Deletes the definition of "Administrative and oversight costs"  
            found in California Military and Veterans Code (CMVC) Section  
            1450(a). 

          2.Inserts a new defined term as CMVC Section 1450(c),  
            "Operations and maintenance costs."  These are defined as  
            costs incurred by the California Department of Veterans  
            Affairs (Department) for the operations and maintenance of the  
            Cemetery including, but not limited to, personnel costs, the  
            opening and closing of graves, the interment of remains,  
            committal service coordination, grounds keeping, landscaping,  
            general maintenance, and janitorial services. 


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          3.Inserts new defined term into CMVC Section 1450,  
            "Nonreimbursable costs of design and construction."  These  
            costs are defined as the "...costs of planning, design, and  
            construction of the Central Coast State Veterans Cemetery at  
            Fort Ord that are not reimbursable from the moneys received  
            from the [Grant Program] as allowable costs as established by  
            the [Grant Program]." 

          4.Alters CMVC Section 1451 regarding the Fund as follows: 

             A.   Money in the Fund shall be allocated on appropriation by  
               the legislation for non-reimbursable costs of design and  
               construction and the annual operations and maintenance  
               costs for the next 10 years. 

             B.   Deletes the requirement that money in the Fund shall  
               first be invested with the goal of achieving capital  
               appreciation to create a balance sufficient to generate  
               ongoing earnings to cover the estimated annual oversight  
               and maintenance costs associated with the Cemetery. 

             C.   Deletes the requirement that money in the Fund shall be  
               invested to generate earnings to fund annual oversight and  
               maintenance costs associated with the Cemetery. 

             D.   States that money in the Fund may be invested to  
               generate earnings to offset annual operations and  
               maintenance costs associated with the Cemetery. 

          1.Deletes references to "annual administrative and oversight  
            costs" and substitutes the new term "operations and  
            maintenance costs" throughout CMVC Sections 1451, 1452, 1453,  
            1454, and 1456. 

          2.Changes the due date for a report on the status of the Fund  
            from July 1, 2007, to July 1, 2014 (Report). 

          3.Deletes the requirement that the Report include the amount of  
            additional principal needed to generate annual interest  
            revenue to cover administrative and oversight costs. 

          4.Requires the Report to include the estimated amount needed  
            that will sufficiently cover operations and maintenance costs.  


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          5.Deletes the requirement that the Controller determine that the  
            Fund has adequate principal to yield sufficient investment  
            earnings in each year for the next 10 years, from the date of  
            the determination, to fully fund the respective year's  
            administrative and oversight costs, net of all other estimated  
            revenue sources, and to fund the estimated costs of developing  
            and submitting the State Veterans Cemetery Grant Program  
            application. 

           6. Adds a requirement that the Controller determine that the  
             Fund have adequate amounts to fully fund the non-reimbursable  
             design and construction and the operations and maintenance  
             costs for the next 10 years. 

           7. Adds a requirement that the Controller consider the  
             estimated revenues from the fees described in CMVC Section  
             1455 (internment and other similar fees) expected to be  
             deposited in the Fund in making the determination as to  
             whether or not the Fund has adequate amounts to fully fund  
             the non-reimbursable design and construction and the  
             operations and maintenance costs for the next 10 years. 

           8. Deletes the requirement that Department not proceed with  
             advertisement for construction bids until the Fund has  
             adequate principal to cover annual administrative and  
             oversight costs. 

           9. Adds a requirement that the Department not proceed with  
             advertisement for construction bids until the Fund has  
             adequate principal to cover annual administrative and  
             oversight costs. 

           10.Alters the requirement that money received from the federal  
             State Veteran Cemetery Program Grant (Grant Program) be used  
             to reimburse the Fund for costs of developing the Grant  
             Program application and other costs to state that such money  
             shall be used to reimburse the Fund for "allowable costs as  
             established by the United States Department of Veterans  
             Affairs State Veterans Cemetery Program." 

           11.Repeals the section of the Budget Act of 2013 that  
             transferred $1.5 million to the Fund as a loan. 


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           12.Appropriates $1 million from the General Fund to the Fund  
             for construction of the Cemetery. 

           13.Requires that any money transferred as part of the budget  
             action granting a loan to the Central Coast State Veterans  
             Cemetery at Fort Ord Endowment Fund be returned to the  
             General Fund. 

           14.Requires annual reporting by the Secretary of the Department  
             regarding expenditures from the Fund. 

           15.Contains an urgency clause stating that the funds are  
             necessary by October 1, 2013, so that the Cemetery project  
             may qualify to receive "millions of dollars in federal funds  
             to cover the cost of?" building the Cemetery. 

           16.Contains an urgency clause.

           17.Makes technical changes.
           
          Comments
           
          According to the author, "The creation of the Central Coast  
          Veteran's Cemetery, California's second ever state veteran's  
          cemetery, is dependent upon millions of dollars in Federal  
          reimbursement funding from the United States Department of  
          Veteran's Affair's Veterans State Cemetery Grants Program."

           FISCAL EFFECT  :    Appropriation:  Yes   Fiscal Com.:  Yes    
          Local:  No

          AL:nl  9/11/13   Senate Floor Analyses 

                         SUPPORT/OPPOSITION:  NONE RECEIVED

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