BILL NUMBER: SB 903	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Nguyen

                        JANUARY 21, 2016

   An act to add Section 14556.9 to the Government Code, relating to
transportation, making an appropriation therefor, and declaring the
urgency thereof, to take effect immediately.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 903, as introduced, Nguyen. Transportation funds: loan
repayment.
   Existing law creates the Traffic Congestion Relief Fund, as a
continuously appropriated fund, for the purpose of funding a list of
transportation projects specified in statute. Existing law provided
for the transfer of specified amounts from the General Fund to the
Traffic Congestion Relief Fund, beginning in the 2000-01 fiscal year.
Existing law also provided for the transfer of a portion of the
sales tax on gasoline to the Transportation Investment Fund
subsequent to voter approval on March 5, 2002, of Article XIX B of
the California Constitution, which thereafter dedicated those sales
tax revenues to specified transportation purposes. Existing law
required a portion of the revenues in the Transportation Investment
Fund to be transferred to the Traffic Congestion Relief Fund.
   Existing law provides for loans of revenues from various
transportation funds and accounts to the General Fund, including
loans from the Traffic Congestion Relief Fund, with various repayment
dates.
   This bill would acknowledge, as of June 30, 2015, $879,000,000 in
outstanding loans of certain transportation revenues, and would
require this amount to be repaid from the General Fund by June 30,
2016, to the Traffic Congestion Relief Fund for allocation to the
Traffic Congestion Relief Program, the Trade Corridors Improvement
Fund, the Public Transportation Account, and the State Highway
Account, as specified. The bill would thereby make an appropriation.
   This bill would declare that it is to take effect immediately as
an urgency statute.
   Vote: 2/3. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 14556.9 is added to the Government Code, to
read:
   14556.9.  As of June 30, 2015, eight hundred seventy-nine million
dollars ($879,000,000) in loans made pursuant to Section 14556.8 were
outstanding. Notwithstanding any other section of law, this amount
shall be repaid from the General Fund pursuant to subdivision (c) of
Section 20 of Article XVI of the California Constitution no later
than June 30, 2016, and upon repayment of this amount all loans
authorized pursuant to Section 14556.8 shall be deemed repaid.
Pursuant to subdivision (c) of Section 14556.8, the Director of
Finance may transfer from the General Fund to the Traffic Congestion
Relief Fund any amount necessary to fund projects as follows:
   (a) One hundred forty-eight million dollars ($148,000,000) to be
allocated by the commission to fund construction and associated
support costs for projects that are programmed in the Traffic
Congestion Relief Program, but which have not received a full
allocation.
   (b) Three hundred thirty-four million dollars ($334,000,000) for
transfer to the Trade Corridors Improvement Fund, continued in
existence by Section 2192 of the Streets and Highways Code, to be
allocated consistent with the provisions of Chapter 4.8 (commencing
with Section 2192) of Division 3 of the Streets and Highways Code,
for associated construction and support costs.
   (c) Two hundred sixty-five million dollars ($265,000,000) for
transfer to the Public Transportation Account, for allocation in the
Transit and Intercity Rail Capital Program established in Part 2
(commencing with Section 75220) of Division 44 of the Public
Resources Code.
   (d) One hundred thirty-two million dollars ($132,000,000) for
transfer to the State Highway Account, for the State Highway
Operation and Protection Program.
  SEC. 2.  This act is an urgency statute necessary for the immediate
preservation of the public peace, health, or safety within the
meaning of Article IV of the Constitution and shall go into immediate
effect. The facts constituting the necessity are:
   In order to provide additional resources for transportation
purposes as quickly as possible, it is necessary that this act take
effect immediately.