BILL NUMBER: AB 1550	AMENDED
	BILL TEXT

	AMENDED IN SENATE  AUGUST 2, 2016
	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 authorizes the state board to include the use of market-based
compliance 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, as
defined, and a minimum of 10% to projects located in  those 
disadvantaged communities. Existing law  authorizes
  provides that  the allocation of 10% for projects
located in disadvantaged communities  to   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, and  benefitting   benefiting
 individuals living in, disadvantaged communities  , as
described,  and  a   an additional 
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.   households or to projects located within, and
benefiting individuals living in, low-income communities, as defined.

   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, and  benefitting  
benefiting  individuals living in, communities described in
Section 39711.
   (b)  (1)    The investment plan shall allocate a
minimum of 20 percent of the available moneys in the fund to
projects that benefit low-income  households.  
households or to projects located within the boundaries of, and
benefiting individuals living in, low-income communities. 

   (1) 
    (2)    For purposes of this subdivision,
 "low-income   the following definitions shall
apply: 
    (A)     "   Low-income 
households" are those with household incomes at or below 80 percent
of the statewide median income or with 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.  
   (B) "Low-income communities" are census tracts with median
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. 
   (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).