BILL NUMBER: AB 1550	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MAY 31, 2016
	AMENDED IN ASSEMBLY  APRIL 11, 2016
	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.
  mechanisms.  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   communities, as defined, 
and a minimum of 10% to projects located in disadvantaged
communities. Existing law  provides that  
authorizes  the allocation of 10% for projects located in
disadvantaged communities  may   to  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, and benefitting individuals living in, disadvantaged
communities and  a separate and additional unspecified
percentage   a minimum of 20%  to projects that
benefit low-income 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,   Legislature  pursuant to
Section  39716,   39716  shall allocate a
minimum of 25 percent of the available moneys in the fund to projects
located within the boundaries of, and benefitting individuals living
in, communities described in Section 39711.
   (b) The investment plan shall allocate a minimum of  _____
  20  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 or with  median   household 
incomes at or below the threshold designated as low income by the
Department of Housing and Community Development's list of state
income limits adopted pursuant to Section 50093.
   (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).