Amended in Assembly March 28, 2016

California Legislature—2015–16 Regular Session

Assembly BillNo. 1550


Introduced by Assembly Member Gomez

January 4, 2016


An act to amend Section 39713 of the Health and Safety Code, relating to greenhouse gases.

LEGISLATIVE COUNSEL’S DIGEST

AB 1550, as amended, Gomez. Greenhouse gases: investment plan: disadvantaged communities.

The California Global Warming Solutions Act of 2006 designates the State Air Resources Board as the state agency charged with monitoring and regulating sources of emissions of greenhouse gases. The act requires the board to adopt greenhouse gas emission limits and emission reduction measures by regulation, and authorizes the state board to include the use of market-based compliance mechanisms to comply with the regulations. 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. 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 requires the investment plan to allocate a minimum of 25% of the available moneys in the fund to projects that provide benefits to disadvantaged communities and a minimum of 10% to projects located in disadvantaged communities. Existing law provides that the allocation of 10% for projects located in disadvantaged communities may be used for projects included in the minimum allocation of 25% for projects that provide benefits to disadvantaged communities.

This bill would instead require the investment plan to allocate a minimum of 25% of the available moneys in the fund to projects locatedbegin delete withinend deletebegin insert within, and benefitting individuals living in,end insert disadvantaged communities and a separate and additional 25% to projects that benefit low-incomebegin delete households.end deletebegin insert households, as specified, with a fair share of those moneys targeting households with incomes at or below 200% of the federal poverty end insertbegin insertlevel.end insert

Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.

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

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SECTION 1.  

Section 39713 of the Health and Safety Code is
2amended to read:

3

39713.  

(a) The investment plan developed and submitted to
4the Legislature, pursuant to Section 39716, shall allocate a
5minimum of 25 percent of the available moneys in the fund to
6projects located within the boundariesbegin delete ofend deletebegin insert of, and benefitting
7individuals living in,end insert
communities described in Section 39711.

8(b) The investment plan shall allocate a minimum of 25 percent
9of the available moneys in the fund to projects that benefit
10low-income households.

begin insert

11
(1) For purposes of this subdivision, “low-income households”
12are those with household incomes at or below 80 percent of the
13statewide median income.

end insert
begin insert

14
(2) To the extent feasible, a fair share of the moneys allocated
15pursuant to this subdivision shall target households with incomes
16at or below 200 percent of the federal poverty level.

end insert

17(c) Moneys spent pursuant to subdivision (a) shall not count
18toward the minimum requirement described in subdivision (b),
19and moneys spent pursuant to subdivision (b) shall not count
20toward the minimum requirement described in subdivision (a).



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