BILL ANALYSIS Ó SENATE COMMITTEE ON APPROPRIATIONS Senator Ricardo Lara, Chair 2015 - 2016 Regular Session AB 2480 (Bloom) - Source watersheds: financing ----------------------------------------------------------------- | | | | | | ----------------------------------------------------------------- |--------------------------------+--------------------------------| | | | |Version: August 1, 2016 |Policy Vote: N.R. & W. 6 - 2 | | | | |--------------------------------+--------------------------------| | | | |Urgency: No |Mandate: No | | | | |--------------------------------+--------------------------------| | | | |Hearing Date: August 11, 2016 |Consultant: Narisha Bonakdar | | | | ----------------------------------------------------------------- *********** ANALYSIS ADDENDUM - SUSPENSE FILE *********** The following information is revised to reflect amendments adopted by the committee on August 11, 2016 Bill Summary: AB 2480 declares it is state policy to recognize and define source watersheds as integral components of California's water system, and eligible for financing on an equivalent basis with other water infrastructure projects. Fiscal Impact: The amendments will help watershed maintenance or repair projects access the same forms of financing available to other water infrastructure projects (special fund). To the extent that these projects compete with water infrastructure projects for funding. These projects will result in cost pressures in the millions. AB 2480 (Bloom) Page 1 of ? Author Amendments: Clarify that the maintenance and repair of source watersheds are eligible for the same forms of financing as other water collection and treatment infrastructure projects. -- END --