Amended in Assembly March 28, 2014

California Legislature—2013–14 Regular Session

Assembly Bill No. 2478

Introduced by Assembly Member Stone

February 21, 2014

An act to amend Section begin delete 10200 of the Insurance end delete begin insert 12706.3 of the Water end insert Code, relating to begin delete insurance end delete begin insert water end insert .

LEGISLATIVE COUNSEL’S DIGEST

AB 2478, as amended, Stone. begin delete Life insurers. end delete begin insert San Lorenzo River. end insert

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Existing law provides for state cooperation with the federal government in the construction of specified flood control projects. Existing law authorizes the project for flood control on the San Lorenzo River, in accordance with a prescribed final report, and as authorized by a prescribed federal act, at an estimated cost to the state of the sum that may be appropriated for state cooperation by statute, upon the recommendation and advice of the Department of Water Resources. Existing law requires the City of Santa Cruz to carry out the project. Existing law makes state funding contingent on the provision of funds for the project in either the annual Budget Act or a general obligation bond act.

end insert begin insert

This bill would authorize state funding, available upon appropriation by the Legislature, to be used within the authorized project boundaries for environmental studies, engineering plans, and construction activities to mitigate the impacts of summer low-flow water conditions in the rivermouth of the San Lorenzo River.

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Existing law authorizes a life insurer to issue life, disability, term, and endowment insurance on the group plan, with or without annuities, and with premium rates less than the usual rates for the insurance. Existing law authorizes insurance under a franchise agreement or upon a wholesale basis to be written under rates more or less than the usual rates for the insurance.

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This bill would make technical, nonsubstantive changes to these provisions.

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Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.

The people of the State of California do enact as follows:

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begin insert SECTION 1. end insert   

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begin insert Section 12706.3 of the end insert begin insert Water Code end insert begin insert is amended
to read: end insert

12706.3.  

(a) The project for flood control on the San Lorenzo
River is adopted and authorized substantially in accordance with
congressional approval and the final report of the Chief of
Engineers dated June 30, 1994, as authorized by Section 101 (a)
(5) of the Water Resources Development Act of 1996 (P.L.
104-303), as amended, at an estimated cost to the state of the sum
that may be appropriated for state cooperation by statute, upon the
recommendation and advice of the department.

(b) The City of Santa Cruz shall give assurances satisfactory to
the Secretary of the Army that the local cooperation required by
that final report will be furnished by the city in connection with
the project for flood control.

(c) (1) The City of Santa Cruz, in conjunction with the
Department of the Army, shall carry out the project referred to in
subdivision (a) and may make modifications and amendments to
the plans as may be necessary to carry out the plans for the
purposes of Chapter 1 (commencing with Section 12750) and this
chapter.

(2) Notwithstanding Section 12639, if there are any major
modifications or amendments to the plans that result in a substantial
increase in the costs to the state for any estimated cost for the
project, no money shall be reallocated by the state in aid of that
portion of the project until the revised plans have been reviewed
and approved by the department. The department shall approve
the revised plans if the department determines that the benefits of
the proposed works of improvement for the revised project will
exceed the cost thereof and that the revised project appears to be
the most economical project plan, considering construction costs,
land costs, easements and rights-of-way costs, and operation and
maintenance costs.

(d) State funding for the project is contingent on the provision
of funds for that purpose in either the annual Budget Act or a
general obligation bond act. Reimbursement of the state share of
the nonfederal costs of the project shall be for those project costs
incurred on or after October 12, 1996, the date on which the project
was authorized by Congress, as set forth in Section 101(a)(5) of
the Water Resources Development Act of 1996 (P.L. 104-303).

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(e) State funding, available upon appropriation by the
Legislature, may be used within the authorized project boundaries
as set forth in the final report of the Chief of Engineers dated June
30, 1994, as authorized by Section 101(a)(5) of the Water
Resources Development Act of 1996 (P.L. 104-303), as amended,
for environmental studies, engineering plans, and construction
activities to mitigate the impacts of summer low-flow water
conditions in the rivermouth of the San Lorenzo River.

end insert

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SECTION 1.  

Section 10200 of the Insurance Code is amended
to read:

10200.  

Any life insurer may issue life, disability, term, and
endowment insurance on the group plan, with or without annuities,
and with premium rates less than the usual rates for the insurance.
The insurance under a franchise agreement or upon a wholesale
basis may be written under rates more or less than the usual rates
for the insurance.

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