BILL ANALYSIS                                                                                                                                                                                                    �



                                                               AB 2636
                                                                       

                      SENATE COMMITTEE ON ENVIRONMENTAL QUALITY
                              Senator Jerry Hill, Chair
                              2013-2014 Regular Session
                                           
           BILL NO:    AB 2636
           AUTHOR:     Gatto and Skinner
           AMENDED:    May 23, 2014
           FISCAL:     Yes               HEARING DATE:     June 18, 2014
           URGENCY:    No                CONSULTANT:    Rebecca Newhouse
            
           SUBJECT  :    CALCONSERVE WATER USE EFFICIENCY REVOLVING FUND
           
            SUMMARY  :    
           
            Existing law  :

           1) Under the California Global Warming Solutions Act of 2006  
              (commonly referred to as AB 32), requires the Air Resources  
              Board (ARB) to determine the 1990 statewide greenhouse gas  
              (GHG) emissions level and approve a statewide GHG emissions  
              limit that is equivalent to that level, to be achieved by  
              2020, and to adopt GHG emissions reductions measures by  
              regulation.  ARB is authorized to include the use of  
              market-based mechanisms to comply with these regulations.   
              (Health and Safety Code �38500 et seq.).

           2) Establishes the Greenhouse Gas Reduction Fund (GGRF) in the  
              State Treasury and requires all moneys, except for fines and  
              penalties, collected pursuant to a market-based mechanism be  
              deposited in the fund and requires the Department of  
              Finance, in consultation with the state board and any other  
              relevant state agency, to develop, as specified, a  
              three-year investment plan for the moneys deposited in GGRF.  
               (Government Code �16428.8).

           3) Requires moneys from GGRF be used to facilitate the  
              achievement of reductions of greenhouse gas emissions in  
              this state consistent with the California Global Warming  
              Solutions Act of 2006, and authorizes those funds to be  
              allocated for the purpose of reducing GHG emissions in this  
              state through investments that may include, among other  
              specified categories, funding to reduce greenhouse gas  
              emissions associated with water use and supply.  (Health and  









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              Safety Code �39712).
           4) Requires the state to achieve a 20% reduction in urban per  
              capita water use in California by December 31, 2020. (Water  
              Code �10608.20).

            This bill  :

           1)Creates the CalConserve Water Use Efficiency Revolving Loan  
             Program and declares that it is the Legislative intent that  
             this loan program be a sustainable source of funding for  
             water use efficiency projects and that CalConserve funds  
             provided to investor-owned utilities (IOUs) should benefit  
             ratepayers and not investors.

           2)Makes CalConserve funds available to the Department of Water  
             Resources (DWR) upon appropriation by the Legislature.

           3)Authorizes the appropriation of Greenhouse Gas Reduction Fund  
             for CalConserve projects that reduce greenhouse gas emissions  
             through water use efficiency improvements or improved water  
             use efficiency.

           4)Transfers remaining Costa-Machado Water Act of 2000 bond  
             funds for agricultural water use efficiency loans and grants  
             to CalConserve to acquire and construct agricultural  
             conservation projects.

           5)Authorizes DWR to:

              a)   Deposit any available and necessary moneys into  
                CalConserve;

              b)   Enter into agreements with local governments or  
                investor-owned utilities that provide water or recycled  
                water service to provide loans for the purposes of the  
                fund;

              c)   Provide appropriate auditing and administration of the  
                CalConserve and take actions necessary to secure federal  
                funds for CalConserve.

              d)   Make requests on behalf of the state for deposit into  
                the fund of available federal moneys and enter into  









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                agreements with the federal government for federal  
                contributions, as specified, and accept federal  
                contributions to the fund.

              e)   Provide technical assistance to local agencies

           6)Specifies that CalConserve funds shall be used for loans that  
             are at or below market interest rates and for a maximum  
             repayment of 20 years or up to 25 for disadvantaged  
             communities. 

           7)Allows CalConserve funds to earn interest and be used for  
             multiple purposes including, but not limited to, technical  
             assistance, bond repayment for bond funds deposited in  
             CalConserve; and, federal capitalization grant purposes if  
             those grant funds are deposited.

           8)Limits administrative costs to 4% of the fund.

           9)Allows implementation of water use efficiency loan programs  
             through on-bill financing.  

           10)Prohibits CalConserve funds from being expended by a local  
             agency for administrative costs.

           11)Requires projects funded through the program have one or  
             more of the following benefits:

                a)     Measurably reduce urban per capita potable water  
                  use.

                b)     Measurably reduce agricultural water use.

                c)     Increase the use or availability of recycled water  
                  supply. 

                d)     Reduce greenhouse gas emissions and water and  
                  energy use.

            COMMENTS  :

            1)Purpose of Bill  .  The author states that while the Department  
             of Public Health and the State Water Resources Control Board  









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             both administer grant programs which offer low-cost loans for  
             public entities to finance high water-use efficiency  
             retrofits, there are no similar low-cost loan programs  
             available to private entities, including homeowners, to  
             finance retrofits.  The author also points out that a  
             revolving fund would provide a self-renewing source of  
             funding for water-use efficiency, which would continue to be  
             available to the public between water bonds while also  
             leveraging private investment in water-use efficiency. 

           2)Cap-and-trade auction revenue  .  ARB has conducted seven  
             auctions of GHG emission allowances so far. These auctions  
             have resulted in approximately $734 million in proceeds to  
             the state.  Several bills in 2012 provided legislative  
             direction for the expenditure of auction proceeds including  
             the following: 

              a)   SB 535 (de Le�n), Chapter 830, Statutes of 2012,  
                requires that 25% of auction revenue be used to benefit  
                disadvantaged communities and requires that 10% of auction  
                revenue be invested in disadvantaged communities.

              b)   AB 1532 (J. Perez), Chapter 807, Statutes of 2012,  
                directs the Department of Finance to develop and  
                periodically update a three-year investment plan that  
                identifies feasible and cost-effective GHG emission  
                reduction investments to be funded with cap-and-trade  
                auction revenues. AB 1532 specifies that reduction of GHG  
                emissions through strategic planning and development of  
                sustainable infrastructure projects, are eligible  
                investments of GGRF. 

              c)   SB 1018 (Budget Committee), Chapter 39, Statutes of  
                2012, created the GGRF, into which all auction revenue is  
                to be deposited, and requires that departments prepare a  
                record that species how they will use expenditures form  
                the GGRF and how those expenditures will result in GHG  
                emission reductions. 

            3)Legal consideration of cap-and-trade auction revenues . The  
             2012-13 budget analysis of cap-and-trade auction revenue by  
             the Legislative Analyst's Office noted that, based on an  
             opinion from the Office of Legislative Counsel, the auction  









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             revenues should be considered mitigation fee revenues, and  
             their use requires that a clear nexus exist between an  
             activity for which a mitigation fee is used and the adverse  
             effects related to the activity on which that fee is levied.  
             Therefore, in order for their use to be valid as mitigation  
             fees, revenues from the cap-and-trade auction must be used to  
             mitigate GHG emissions or the harms caused by GHG emissions.

            4)AB 32 auction revenue investment plan  . The first three-year  
             investment plan for cap-and-trade auction proceeds, submitted  
             by Department of Finance, in consultation with ARB and other  
             state agencies in May of last year, identified sustainable  
             communities and clean transportation as one of the key  
             sectors that provide the best opportunities for achieving the  
             legislative goals and supporting the purposes of AB 32. The  
             plan recommended the aforementioned sector receive the  
             largest allocation of funds from the GGRF. The other two  
             areas recommended for auction revenue allocation in the  
             investment plan are energy efficiency and clean energy, and  
             natural resources and waste diversion. 
            
            5)Governor's budget proposal  . The Governor's 2014-15 budget  
             proposal appropriates $850 million dollars in cap-and-trade  
             revenue to fund projects including rail modernization,  
             sustainable communities, low carbon transportation, water and  
             energy efficiency, watershed and wetlands restoration and  
             waste diversion.  For the water and energy efficiency  
             category, the initial budget proposed $20 million for DWR to  
             support a Water-Energy Grant Program to disadvantaged  
             communities and several repairs of a hydroelectric facility. 

             The Senate Budget Committee rejected the Governor's proposal,  
             while the Assembly Budget Committee adopted a spending plan  
             for the budget year that provides $400 million for allocation  
             to State departments that are undertaking Greenhouse Gas  
             Reduction Activities though a competitive process  
             administered by the Strategic Growth Council, $400 million  
             for sustainable communities grants, and the same proposal as  
             the Governor's budget for $200 million for low-emission  
             vehicle rebates and $40 million for water efficiency  
             projects. 

             The Budget Act of 2014, SB 852, passed both houses on June  









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             15, 2014. Expenditure categories of cap-and-trade funds  
             include transit, affordable housing and sustainable  
             communities, high speed rail, low carbon transportation,  
             energy efficiency and renewable energy, and natural resources  
             and waste diversion.  

            6)Drought legislation  . The Governor signed SB 103, Chapter 11,  
             on March 1, 2014, appropriating $19M from the GGRF to the  
             Department of Water Resources to develop a Water-Energy Grant  
             Program, a grant program for local agencies, joint powers  
             authorities, or nonprofit organizations to implement  
             residential, commercial, or institutional water efficiency  
             programs or projects that reduce greenhouse gas emissions,  
             and also reduce water and energy use.

             DWR will be holding two workshops to gather input for the  
             development of this grant program. DWR intends to allow  
             sufficient time to gather public input at the workshops for  
             its consideration in drafting guidelines and a proposal  
             solicitation package (PSP). The draft Guidelines and PSP are  
             anticipated to be released for public comment July 1, 2014. 

             SB 103 also appropriated $10 million to the Department of  
             Food and Agriculture (DFA) to establish and implement a  
             program, in consultation and coordination with the Department  
             of Water Resources and the State Water Resources Control  
             Board, on or before July 1, 2014, to provide financial  
             incentives to agricultural operations to invest in water  
             irrigation treatment and distribution systems that will  
             reduce greenhouse gas emissions, and will also reduce water  
             and energy use, augment supply, and increase water and energy  
             efficiency in agricultural applications. SB 103 requires the  
             incentives to be ranked and distributed based on financial  
             need, immediacy of water supply increased and efficiency  
             gained to address water shortages, and reduction in water  
             pumping or treatment that uses energy causing greenhouse gas  
             emissions.

            7)Working within the framework  . As mentioned in a previous  
             comment, monies were appropriated this year for DWR and DFA  
             to administer a grant and incentive program, respectively,  
             that will reduce greenhouse gas emissions and water use.  It  
             may be prudent, before the establishment of a brand new  









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             revolving fund, to monitor the development of these programs  
             this year, and, if necessary in the next year, design a  
             policy to complement current efforts at DWR and DFA and fill  
             in any funding gaps in the area of water efficiency.  

            8)Using GHG funds  . Several concerns arise with the use of  
             cap-and-trade monies as the funding source for this water  
             efficiency revolving program. Specifically: 

              a)   The primary purpose of the bill is to provide  
                sustainable water efficiency funding. AB 2636 requires  
                that projects funded through this program shall have one  
                of more of the following benefits:

                i)     Reductions in urban per capita water use.
                ii)    Improvements in agricultural water use efficiency  
                  and reductions in agricultural water use.
                iii)   Increased use of recycled water. 
                iv)    Reduce greenhouse gas emissions and water and  
                  energy use. 

           The first benefits may not necessarily result in significant  
           greenhouse gas reductions, but are eligible for funding through  
           the program with cap-and-trade monies. For instance, an entity  
           requesting a loan to improve water efficiency may be supplied  
           by hydroelectric, nuclear, or renewable energy and therefore,  
           have very few emissions associated with electricity used to  
           supply water.  This is contrary to current law that requires  
           that cap-and-trade funds facilitate the achievement of  
           greenhouse gas reductions.

              b)   AB 2636 does not specify any criteria for determining  
                eligibility of projects, how greenhouse gas emission  
                reductions will be quantified, and how projects will be  
                prioritized in the program, including whether project  
                selection will be primarily based on water efficiency  
                potential, greenhouse gas emission reduction potential, or  
                other factors.  In addition, it is unclear in the bill  
                whether loans are provided to local agencies for projects,  
                or whether monies are provided to local agencies in order  
                to provide loans to other entities, including private  
                entities. This results in concerns that, even if some  
                projects may result in greenhouse gas emissions reduction,  









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                there is a high degree of uncertainty as to whether these  
                represent the best investments from the fund to achieve  
                the goals of AB 32. 

             Because of these issues, an amendment is needed to either  
             remove the Greenhouse Gas Reduction Fund as an allowable  
             funding source for this bill, or to require ARB, in  
             consultation with DWR, to publish findings, and report those  
             findings to the Legislature, on how all operational aspects  
             of this program result in GHG emissions reductions, prior to  
             the encumbrance of GGRF funds. 
             
            9)Double Referral to Senate Natural Resources and Water  
             Committee  .  If this measure is approved by the Senate  
             Environmental Quality Committee, the do pass motion must  
             include the action to re-refer the bill to the Senate Natural  
             Resources and Water Committee.

            SOURCE  :        Author  

           SUPPORT  :       Association of California Water Agencies
                          Burbank Water and Power
                          California Landscape Contractors Association
                          California Municipal Utilities Association
                          East Bay Municipal Utility District
                          Metropolitan Water District of Southern  
                          California
                          Nexus eWater
                          San Diego County Water Authority
                          Sierra Club California
                          Sonoma County Water Agency
            
           OPPOSITION  :    None on file