BILL NUMBER: AB 1550	AMENDED
	BILL TEXT

	AMENDED IN SENATE  AUGUST 18, 2016
	AMENDED IN SENATE  AUGUST 16, 2016
	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.   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  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 benefiting individuals living in, disadvantaged
communities, as described, and an additional minimum of 5% to
projects that benefit low-income households or to projects located
within, and benefiting individuals living in, low-income communities,
as defined.
   The bill would  make the operation of its provisions
contingent upon the enactment of   become operational
only if  AB 1613 of the 2015-16 Regular Session  and the
appropriation of $205,000,000 in that act from the Greenhouse Gas
Reduction Fund.   is enacted and   becomes
effective on or before January 1, 2017. 
   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 benefiting individuals living in,
communities described in Section 39711.
   (b) (1) The investment plan shall allocate a minimum of 5 percent
of the available moneys in the fund to projects that benefit
low-income households or to projects located within the boundaries
of, and benefiting individuals living in, low-income communities.
   (2) For purposes of this subdivision, 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.
   (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).
  SEC. 2.  This act shall become operative only if Assembly Bill 1613
of the 2015-16 Regular Session is  enacted,  
enacted and  becomes effective on or before January 1, 
2017, and appropriates two hundred five million dollars
($205,000,000) is appropriated in that act from the Greenhouse Gas
Reduction Fund.   2017.