SB 1207, as introduced, Hueso. Energy: conservation: financial assistance.
Existing law requires the State Energy Resources Conservation and Development Commission to administer the State Energy Conservation Assistance Account, a continuously appropriated account in the General Fund, to provide grants and loans, until January 1, 2018, to schools, hospitals, public care institutions, and local governments to maximize energy use savings.
This bill would extend the operation of those provisions to January 1, 2028, and would thereby make an appropriation by extending the time during which the funds deposited in a continuously appropriated account are made available for expenditure.
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 25421 of the Public Resources Code is
2amended to read:
(a) Except as provided in subdivision (b), this chapter
4shall remain in effect only until January 1,begin delete 2018,end deletebegin insert 2028,end insert and as of
5that date is repealed, unless a later enacted statute, which is enacted
6before January 1,begin delete 2018,end deletebegin insert 2028,end insert deletes or extends that date.
P2 1(b) Except as specified in subdivisions (c) and (d), all loans
2outstanding as of January 1,begin delete 2018,end deletebegin insert
2028,end insert shall continue to be repaid
3on a semiannual basis, as specified in Section 25415, until paid in
4full. All unexpended funds in the State Energy Conservation
5Assistance Account on January 1,begin delete 2018,end deletebegin insert 2028,end insert andbegin delete thereafterend deletebegin insert after
6that date,end insert shall revert to the General Fund.
7(c) To the extent required under applicable bond obligations,
8unexpended funds from the proceeds of bonds sold pursuant to
9Section 25417.5 that remain in the State Energy Conservation
10Assistance Account on January 1,begin delete 2018,end deletebegin insert
2028,end insert shall remain in the
11account. These funds shall be expended pursuant to the applicable
12requirements for bond proceeds. Once all applicable bond
13obligations have been satisfied, unexpended funds shall revert to
14the General Fund.
15(d) Unexpended funds from the federal American Recovery and
16Reinvestment Act of 2009 (Public Law 111-5) remaining in the
17State Energy Conservation Assistance Account on January 1,begin delete 2018,end delete
18begin insert 2028,end insert shall revert to the Federal Trust Fund.
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