BILL NUMBER: AB 1108	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Low

                        FEBRUARY 27, 2015

   An act to amend Section 26227 of the Public Resources Code,
relating to clean energy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1108, as introduced, Low. Clean energy: financial assistance.
   The California Clean Energy Jobs Act, an initiative approved by
the voters as Proposition 39 at the November 6, 2012, statewide
general election, 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 and improve energy efficiency and expand clean
energy generation. Existing law provides for the allocation of
available funds to 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
for eligible projects, as specified. Existing law establishes
prescribed criteria that apply to all expenditures from the Clean
Energy Job Creation Fund.
   This bill would make technical, nonsubstantive changes to a
provision within the act that transfers and allocates moneys from the
Clean Energy Job Creation Fund.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 26227 of the Public Resources Code is amended
to read:
   26227.  (a) (1) For the 2013-14 fiscal year, twenty-eight million
dollars ($28,000,000) shall be transferred from the Job Creation Fund
to the Education Subaccount, which is hereby created in the State
Energy Conservation Assistance Account created pursuant to Section
25416. The moneys in the Education Subaccount are appropriated to the
Energy Commission for the purpose of low-interest and no-interest
revolving loans and loan loss reserves for eligible projects and
technical assistance.
   (2) For the 2013-14 fiscal year, funds in the Education Subaccount
shall be available for local  education  
educational  agencies and community college districts. If a
local  education   educational  agency or
community college district has an eligible project, the amount of the
funding resources gap that is to be considered a reasonable loan
value from the Education Subaccount is the project cost less the
amount of any grant awarded pursuant to Section 26233 and less any
state, federal, or local incentives. A local  education
  educational  agency or community college district
may need to meet additional credit or other financial qualifying
criteria applicable pursuant to the Energy Conservation Assistance
Act of 1979 (Chapter 5.2 (commencing with Section 25410) of Division
15). The Energy Commission shall facilitate a local 
education   educational  agency or community
college district's participation in both the Job Creation Fund and
Energy Conservation Assistance Account programs through coordinated
information, documentation, and review processes regarding the
project and the borrowing entity.
   (b) For the 2014-15 through 2017-18 fiscal years, inclusive, the
amount transferred from the Job Creation Fund to the Energy
Conservation Assistance Account shall be determined in the annual
budget.
   (c) Funds remaining in the Education Subaccount after the 2017-18
fiscal year shall continue to be available in future years for loans
to local  education   educational  agencies
and community college districts pursuant to this section.