BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 1588 (Mathis) - Water and Wastewater Loan and Grant Program
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|Version: June 15, 2016 |Policy Vote: E.Q. 7 - 0 |
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|Urgency: Yes |Mandate: No |
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|Hearing Date: August 11, 2016 |Consultant: Narisha Bonakdar |
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*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on August 11, 2016
Bill
Summary: AB 1588 establishes a program to provide funding for
local agencies to offer low-interest loans and grants to
eligible applicants for drinking water or wastewater treatment
projects.
Fiscal
Impact:
Cost pressures in the millions to fund the program (Water
Quality Control Fund).
Ongoing costs of $500,000 annually for five years (General
Fund) to the State Water Resources Control Board (SWRCB) to
administer the grant program, if funded.
Committee
AB 1588 (Mathis) Page 1 of
?
Amendments:
Delete findings and declarations.
Authorize program enactment if funding is available.
Specify the Water Quality Control Fund as the funding source
for the program.
Deletes language creating the Water and Wastewater Loan and
Grant Fund.
Remove $10 million appropriation from the General Fund.
Remove urgency clause.
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