BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 1035
                                                                  Page  1


          SENATE THIRD READING
          SB 1035 (Budget and Fiscal Review Committee)
          As Amended  June 13, 2012
          Majority vote.  Budget Bill Appropriation Takes Effect 
          Immediately

           SENATE VOTE  :Vote not relevant  
           
           SUMMARY  :  This bill is a trailer bill that is part of the 
          overall 2012-13 budget package.  This bill is intended be 
          enacted after the passage of either SB 1004 or AB 1464 (the 
          proposed 2012-13 Budget Act) to modify that bill to achieve the 
          solutions assumed in the 2012-13 budget package.  Specifically, 
           this bill:

           1)Reduces a loan from the National Mortgage Settlement deposit 
            fund to the General Fund to offset Department of Justice costs 
            from $100 million to $50 million.

          2)Reduces funding for California Work Opportunities and 
            Responsibility for Kids (CalWORKs) Single Allocation 
            administrative funding to reflect savings associated with 
            reporting requirements from semi-annual to annual for CalWORKs 
            Safety Net cases.

          3)Removes a provision to delay repaying part of a loan from the 
            State Highway Account to the General Fund in 2011-12.

          4)Removes a provision to delay repaying part of a loan from the 
            State Highway Account to the General Fund in the 2012-13.

          5)Removes a provision to delay repaying part of a loan from the 
            California Beverage Container Recycling Fund to the General 
            Fund in 2011-12.

          6)Removes a provision to delay repaying part of a loan from the 
            California Beverage Container Recycling Fund to the General 
            Fund in 2012-13.

          7)Authorizes a new loan of $50 million from the State Highway 
            Account to the General Fund that would be repaid in 2015-16.

          8)Contains an appropriation allowing this bill to take effect 
            immediately upon enactment. 








                                                                  SB 1035
                                                                  Page  2



           COMMENTS  :  The bill is intended to amend the 2012-13 Budget Act, 
          as articulated in SB 1004 and AB 1464, to achieve the overall 
          solutions level assumed in the budget summary.


           Analysis Prepared by  :   Mark Martin / BUDGET / (916) 319-2099



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