AB 2343, as introduced, Cristina Garcia. Greenhouse Gas Reduction Fund: 3-year 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 California Environmental Protection Agency to identify disadvantaged communities and 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 3-year investment plan to allocate a minimum of 10% of the available moneys in the fund to projects located within disadvantaged communities.
This bill instead would require a minimum of 10% of the moneys in fund to be allocated to projects located in a city of an unspecified population within a disadvantaged community.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 39713 of the Health and Safety Code is
2amended to read:
(a) The investment plan developed and submitted to
4the Legislature, pursuant to Section 39716, shall allocate a
5minimum of 25 percent of the available moneys in the fund to
6projects that provide benefits to communities described in Section
739711.
8(b) The investment plan shall allocate a minimum of 10 percent
9of the available moneys in the fund to projects locatedbegin delete within begin insert end insertbegin insertin a city with a population of less than ____ within
10communitiesend delete
11a communityend insert described in Section
39711.
12(c) The allocation pursuant to subdivision (b) may be, but need
13not be, for projects included, in whole or in part, in the set of
14projects supported by the allocation described in subdivision (a).
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