BILL NUMBER: AB 1148	CHAPTERED  09/23/99

	CHAPTER   466
	FILED WITH SECRETARY OF STATE   SEPTEMBER 23, 1999
	APPROVED BY GOVERNOR   SEPTEMBER 23, 1999
	PASSED THE ASSEMBLY   SEPTEMBER 3, 1999
	PASSED THE SENATE   AUGUST 31, 1999
	AMENDED IN SENATE   AUGUST 26, 1999
	AMENDED IN SENATE   AUGUST 16, 1999
	AMENDED IN ASSEMBLY   APRIL 5, 1999

INTRODUCED BY   Assembly Member Dickerson
   (Coauthor:  Senator Chesbro)

                        FEBRUARY 25, 1999

   An act to add Section 16365.5 to the Government Code, relating to
county revenues, and making an appropriation therefor.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1148, Dickerson.  Timber harvesting:  payments.
   Under existing law, all funds received by the state from the
federal government, the expenditure of which is administered through
or under the direction of any state agency, is required to be
deposited in the Federal Trust Fund.
   This bill would require that any federal funds received by the
state as a result of federally administered timber harvesting be
deposited in the fund and, when due to counties, be allocated by the
Controller under specified criteria regarding payment time,
electronic transfer, interest on retained funds, and notification of
anticipated payments.  The provision that would require the state to
pay interest on retained funds to eligible counties would constitute
an appropriation.
   Appropriation:  yes.


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


  SECTION 1.  Section 16365.5 is added to the Government Code, to
read:
   16365.5.  Any federal funds received by the state as a result of
federally administered timber harvesting pursuant to Section 500 of
Title 16 of the United States Code, Section 60 of Title 30 of the
United States Code, Section 1181f of Title 43 of the United States
Code, or any other federal revenue sharing program that relates to
timber harvesting shall be deposited in the Federal Trust Fund and
allocated by the Controller as follows:
   (a) Payments that are due to counties shall be made within 30
working days after the date on which they were received from the
federal government.
   (b) A county that has informed the Controller that it prefers to
receive its funds by electronic transfer shall have funds transmitted
in that manner.
   (c) The state shall pay interest to eligible counties on these
federal funds at a rate equal to the interest accrued in the Pooled
Money Investment Account over the term that the funds were held by
the state before being paid to eligible counties.
   (d) The Controller shall notify counties regarding anticipated
payments under this section as soon as possible after the state
receives the information from the federal government.