BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
SB 900 (Jackson) - State lands: coastal hazard removal and
remediation program
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|Version: March 9, 2016 |Policy Vote: N.R. & W. 8 - 1 |
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|Urgency: No |Mandate: No |
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|Hearing Date: May 27, 2016 |Consultant: Narisha Bonakdar |
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Bill
Summary: SB 900 requires the State Lands Commission (SLC), upon
appropriation of funding by the Legislature, to administer a
coastal hazard removal and remediation program within two years.
The bill also requires, for fiscal year 2017-18, the transfer
of $2 million to the Land Bank Fund (LBF) to implement the
program, and requires the transfer of an amount sufficient to
bring the unencumbered LBF balance to $2 million in subsequent
years.
*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on May 27, 2016
Fiscal
Impact:
$2 million per year redirected from the General Fund to the
LBF in FY 2017-18, and up to $2 million per year redirected
SB 900 (Jackson) Page 1 of
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thereafter to ensure that the unencumbered funds in the LBF
available for implementation equal $2 million.
According to the SLC,
One-time cost of $100,000 to complete the in-depth
inventory of legacy wells.
Annual costs of approximately $50,000 to survey and
monitor oil seepage.
Annual costs of approximately $200,000 to remove coastal
hazards.
Cost pressures up to $390 million to plug and abandon
legacy wells. (See staff comments.)
Minor and absorbable costs to the SLC to report
activities and accomplishments to the legislature.
Minor and absorbable costs to the Division of Oil, Gas
and Geothermal Resources for permitting and consultation
activities related to plugging and abandoning wells.
Author Amendments:
Clarifies allowable uses of fuds and programmatic
priorities.
Makes nonsubstantive, clarifying changes.
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