BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 157
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          Date of Hearing:   January 10, 2012

                   ASSEMBLY COMMITTEE ON WATER, PARKS AND WILDLIFE
                                Jared Huffman, Chair
                 AB 157 (Jeffries) - As Introduced:  January 19, 2011
           
          SUBJECT  :  Water Bond: 25% reduction

           SUMMARY  :   Reduces the water bond scheduled for the November 
          2012 general election by twenty-five percent across-the-board.

           EXISTING LAW:   Authorizes the issuance of $11.14 billion in 
          general obligation bonds if approved by the voters in the 
          November 2, 2012 statewide general election.

           FISCAL EFFECT  :   Unknown

           COMMENTS  :   On October 11, 2009, Governor Schwarzenegger issued 
          a proclamation convening the Legislature to meet in 
          extraordinary session to take up issues related to protecting 
          and restoring the Delta ecosystem and improving water 
          reliability and management, including addressing water 
          conveyance, storage, conservation and groundwater and 
          considering a general obligation bond.  

          SB 2 X7 (Cogdill), Chapter 3, Statutes of the 2009-10 Seventh 
          Extraordinary Session, passed in November 2009, formed part of 
          the historic five-bill package adopted in that session and 
          called for the Safe, Clean and Reliable Drinking Water Supply 
          Act of 2010 (Water Bond) to be placed on the November 2010 
          ballot.  If approved by the voters, SB 2 authorized the issuance 
          of $11.14 billion in general obligation bonds for a wide range 
          of projects and purposes.  

          However, on August 5, 2010, an existing bill, AB 1265, was 
          gutted and amended to move the Water Bond to the 2012 general 
          election.  At that time, supporters of AB 1265 stated that 
          "given the current economic climate and the need to focus on the 
          state's dire budget shortfall, we recognize that the decision 
          �to delay the bond vote] is intended to maximize chances of 
          success for the water package over the next decade."  
          Detractors, such as the Los Angeles Times, stated it another way 
          advising that the "governor and the Legislature did the smart 
          thing politically by removing their pork-stuffed water bond 
          proposal from the voters' grasp in November."  The San Francisco 








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          Chronicle echoed this sentiment when it stated that the bond had 
          "come under increasing criticism because of its cost, the 
          inclusion of $2 billion in earmarks that opponents call pork, 
          and a provision that would allow private corporations to own and 
          operate taxpayer-built reservoirs and other water storage 
          projects."  The Chronicle acknowledged that AB 1265 both changed 
          the timing of the Water Bond vote and removed the for-profit 
          entities provision. 

           Supporting arguments  :  The author of this bill states that water 
          "storage, recycling, groundwater programs, and environmental 
          projects would all be equally reduced, keeping any of the 
          multitudes of interested parties involved in the �SB 2] 
          agreement from being unfairly targeted for disproportionate 
          reductions. And while a 25% reduction is significant, no program 
          would be defunded entirely.  Given our political and economic 
          realities, I do not believe this is a choice between receiving 
          $11.14 billion in funding or something 25% less, but rather a 
          choice between a modestly smaller bond and the failure of a 
          larger bond, leaving no funding at all."

           Opposing arguments  :  Some opponents state that AB 157 would 
          reduce the total amount of the Water Bond and thus "result in a 
          corresponding reduction in funding available for important water 
          resources projects promoting conservation, recycling, stormwater 
          capture, and groundwater cleanup."  In particular, one group is 
          concerned about a 25% reduction of the $3 billion continuously 
          appropriated for surface storage projects and finds it "unlikely 
          that $2.25 billion would be sufficient to make progress on 
          multiple large-scale projects."  Opponents add that "the Water 
          Bond was the result of intensive and complex negotiations on the 
          2009 Comprehensive Water Package (Delta Package) and reflected a 
          bipartisan consensus around the State's infrastructure needs and 
          priorities.  Attempts to change the scope of the Water Bond 
          could damage this consensus, negatively affect its chances for 
          voter approval, and undermine support for the negotiated 
          policies contained in the Delta Package, many of which are in 
          the beginning stages of implementation." 

          Other opponents "believe that an $8.36 billion bond still 
          represents an unacceptable level of new debt, since it will 
          require a General Fund diversion of nearly a half-billion 
          dollars each year to repay."  These opponents also "continue to 
          have significant concerns with the priorities and criteria in 
          the bond; and these concerns have only increased with time.  By 








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          the November 2012 election, this bond language will be three 
          years old.  In this three year period our understanding of what 
          is needed and how it can be financed will be further informed by 
          several ongoing processes, including the Delta Plan and new 
          information on conservation achievements and potential."  

           REGISTERED SUPPORT / OPPOSITION  :   

           Support 
           
          None on file.

           Opposition 
           
          Association of California Water Agencies
          BIOCOM
          California Farm Bureau Federation
          City of Los Angeles
          Clean Water Action
          Food and Water Watch
          Friant Water Authority
          Planning and Conservation League
          Sierra Club California
          Western Growers
           
          Analysis Prepared by  :    Tina Cannon Leahy / W., P. & W. / (916) 
          319-2096