BILL NUMBER: AB 1550	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 28, 2016

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
located  within   within, and benefitting
individuals living in,  disadvantaged communities and a separate
and additional 25% to projects that benefit low-income 
households.   households, as specified, with a fair
share of those moneys targeting households with incomes at or below
200% of the federal poverty   level. 
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


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

  SECTION 1.  Section 39713 of the Health and Safety Code is amended
to read:
   39713.  (a) The investment plan developed and submitted to the
Legislature, pursuant to Section 39716, shall allocate a minimum of
25 percent of the available moneys in the fund to projects located
within the boundaries  of   of, and benefitting
individuals living in,  communities described in Section 39711.
   (b) The investment plan shall allocate a minimum of 25 percent of
the available moneys in the fund to projects that benefit low-income
households. 
   (1) For purposes of this subdivision, "low-income households" are
those with household incomes at or below 80 percent of the statewide
median income.  
   (2) To the extent feasible, a fair share of the moneys allocated
pursuant to this subdivision shall target households with incomes at
or below 200 percent of the federal poverty level. 
   (c) Moneys spent pursuant to subdivision (a) shall not count
toward the minimum requirement described in subdivision (b), and
moneys spent pursuant to subdivision (b) shall not count toward the
minimum requirement described in subdivision (a).