BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
SB 1074 (Hueso) - Energy: Federal Trust Fund
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|Version: March 28, 2016 |Policy Vote: |
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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 1074, in Fiscal Year 2016-17, appropriates $13
million from the Federal Trust Fund (fund) to the State Energy
Resources Conservation and Development Commission (CEC) to award
contracts, grants, and loans for energy-related projects. The
bill also annually appropriates $2.5 million for this purpose
until all moneys in the fund have been encumbered or expended.
*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on May 27, 2016
Fiscal
Impact:
One-time appropriation of $13 million (special fund).
Annual appropriation of $2.5 million (special fund) until
funds have been encumbered or expended.
Unknown, but potentially significant, costs to the CEC.
SB 1074 (Hueso) Page 1 of
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Author
Amendments:
Appropriates $2.5 million to fund a program or efforts to
recover lithium, metals, agricultural products, and other
beneficial minerals from highly mineralized brines at an
existing geothermal facility.
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