BILL NUMBER: SB 1207	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Hueso

                        FEBRUARY 18, 2016

   An act to amend Section 25421 of the Public Resources Code,
relating to energy, and making an appropriation therefor.


	LEGISLATIVE COUNSEL'S DIGEST


   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 1.  Section 25421 of the Public Resources Code is amended
to read:
   25421.  (a) Except as provided in subdivision (b), this chapter
shall remain in effect only until January 1,  2018, 
 2028,  and as of that date is repealed, unless a later
enacted statute, which is enacted before January 1,  2018,
 2028,  deletes or extends that date.
   (b) Except as specified in subdivisions (c) and (d), all loans
outstanding as of January 1,  2018,   2028,
 shall continue to be repaid on a semiannual basis, as specified
in Section 25415, until paid in full. All unexpended funds in the
State Energy Conservation Assistance Account on January 1, 
2018,   2028,  and  thereafter 
 after that date,  shall revert to the General Fund.
   (c) To the extent required under applicable bond obligations,
unexpended funds from the proceeds of bonds sold pursuant to Section
25417.5 that remain in the State Energy Conservation Assistance
Account on January 1,  2018,   2028,  shall
remain in the account. These funds shall be expended pursuant to the
applicable requirements for bond proceeds. Once all applicable bond
obligations have been satisfied, unexpended funds shall revert to the
General Fund.
   (d) Unexpended funds from the federal American Recovery and
Reinvestment Act of 2009 (Public Law 111-5) remaining in the State
Energy Conservation Assistance Account on January 1,  2018,
  2028,  shall revert to the Federal Trust Fund.