Amended in Senate April 1, 2013

Senate Bill No. 461

Introduced by Senator Leno

February 21, 2013

An act to begin insert add Section 6217.9 to the Public Resources Code, end insert relating to begin delete natural end delete begin insert coastal end insert resources.

LEGISLATIVE COUNSEL’S DIGEST

SB 461, as amended, Leno. State tide and submerged lands: mineral extraction leases: revenues.

Existing law authorizes the State Lands Commission to lease tide and submerged lands and beds of navigable rivers and lakes for the extraction of oil and gas, as specified. Existing law, with specified exceptions, generally requires the State Lands Commission, on and after July 1, 2006, to deposit all revenue, money, and remittances, derived from mineral extraction leases on state tide and submerged lands into the General Fund, to be available upon appropriation by the Legislature for specified purposes.

This bill would begin delete state the intent of the Legislature to enact legislation that would establish the Coastal Trust Fund through the reallocation of revenues from mineral extraction leases on state tide and submerged lands end delete begin insert create the Coastal Adaptation Fund in the State Treasury, and would authorize the expenditure of moneys in the fund, in an amount not to exceed $15,000,000 annually, by the Ocean Protection Council, the Department of Fish and Wildlife, the California Coastal Commission, the State Coastal Conservancy, and the San Francisco Bay Conservation and Development Commission, upon appropriation by the Legislature in the Budget Act, for purposes relating to the preparation, planning, and implementation of measures, based upon the best available scientific information, designed to address sea level rise and coastal climate change, and related impacts end insert .

Vote: majority. Appropriation: no. Fiscal committee:  begin delete no end delete begin insert yes end insert . State-mandated local program: no.

The people of the State of California do enact as follows:

begin insert

begin insert SECTION 1. end insert   

end insert

begin insert Section 6217.9 is added to the end insert begin insert Public Resources
Code end insert begin insert , to read: end insert

begin insert

begin insert 6217.9. end insert   

The Coastal Adaptation Fund is hereby created in the
State Treasury. Moneys in the fund may be expended, in an amount
not to exceed fifteen million dollars ($15,000,000), by the Ocean
Protection Council, the Department of Fish and Wildlife, the
California Coastal Commission, the State Coastal Conservancy,
and the San Francisco Bay Conservation and Development
Commission, upon appropriation by the Legislature in the Budget
Act, for purposes relating to the preparation, planning, and
implementation of measures, based upon the best available
scientific information, designed to address sea level rise and
coastal climate change, and related impacts.

end insert

begin delete

SECTION 1.  

It is the intent of the Legislature to enact
legislation that would establish the Coastal Trust Fund through
reallocation of revenues from mineral extraction leases on state
tide and submerged lands.

end delete