AB 7, as introduced, Nazarian. Public transit: funding.
Existing law requires all moneys, except for fines and penalties, collected by the State Air Resources Board from the auction or sale of allowances as part of a market-based compliance mechanism relative to reduction of greenhouse gas emissions to be deposited in the Greenhouse Gas Reduction Fund.
Existing law continuously appropriates 10% of the annual proceeds of the fund to the Transit and Intercity Rail Capital Program and 5% of the annual proceeds of the fund to the Low Carbon Transit Operations Program.
This bill would instead continuously appropriate 20% of those annual proceeds to the Transit and Intercity Rail Capital Program, and 10% of those annual proceeds to the Low Carbon Transit Operations Program, 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:
Section 39719 of the Health and Safety Code is
2amended to read:
(a) The Legislature shall appropriate the annual
2proceeds of the fund for the purpose of reducing greenhouse gas
3emissions in this state in accordance with the requirements of
4Section 39712.
5(b) To carry out a portion of the requirements of subdivision
6(a), annual proceeds are continuously appropriated for the
7following:
8(1) Beginning in the 2015-16 fiscal year, and notwithstanding
9Section 13340 of the Government Code,begin delete 35end deletebegin insert 50end insert percent of annual
10proceeds are continuously appropriated, without regard to fiscal
11years,
for transit, affordable housing, and sustainable communities
12programs as following:
13(A) begin deleteTen end deletebegin insertTwenty end insertpercent of the annual proceeds of the fund is
14hereby continuously appropriated to the Transportation Agency
15for the Transit and Intercity Rail Capital Program created by Part
162 (commencing with Section 75220) of Division 44 of the Public
17Resources Code.
18(B) begin deleteFive end deletebegin insertTen end insertpercent of the annual proceeds of the fund is hereby
19continuously appropriated to the Low Carbon Transit Operations
20Program created by Part 3
(commencing with Section 75230) of
21Division 44 of the Public Resources Code. Funds shall be allocated
22by the Controller, according to requirements of the program, and
23pursuant to the distribution formula in subdivision (b) or (c) of
24Section 99312 of, and Sections 99313 and 99314 of, the Public
25Utilities Code.
26(C) Twenty percent of the annual proceeds of the fund is hereby
27continuously appropriated to the Strategic Growth Council for the
28Affordable Housing and Sustainable Communities Program created
29by Part 1 (commencing with Section 75200) of Division 44 of the
30Public Resources Code. Of the amount appropriated in this
31subparagraph, no less than 10 percent of the annual proceeds, shall
32be expended for affordable housing, consistent with the provisions
33of that program.
34(2) Beginning in the 2015-16 fiscal year, notwithstanding
35Section 13340 of the Government Code, 25 percent of the
annual
36proceeds of the fund is hereby continuously appropriated to the
37High-Speed Rail Authority for the following components of the
38initial operating segment and Phase I Blended System as described
39in the 2012 business plan adopted pursuant to Section 185033 of
40the Public Utilities Code:
P3 1(A) Acquisition and construction costs of the project.
2(B) Environmental review and design costs of the project.
3(C) Other capital costs of the project.
4(D) Repayment of any loans made to the authority to fund the
5project.
6(c) In determining the amount of annual proceeds of the fund
7for purposes of the calculation in subdivision (b), the funds subject
8to Section 39719.1 shall not be
included.
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