BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 2749
                                                                  Page  1

          Date of Hearing:   May 7, 2014

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                  Mike Gatto, Chair

              AB 2749 (Jobs, Economic Development, and the Economy) - As  
                              Amended:  April 10, 2014 

          Policy Committee:                              JEDE Vote:5-0

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              No

           SUMMARY  

          This bill makes technical changes to the Government Code  
          relating to the transfer of economic development related  
          programs from the Business, Transportation and Housing Agency  
          (BTH) to the Governor's Office of Business and Economic  
          Development (GO-Biz).  Specifically, this bill:  

          1)Makes technical corrections to the transfer of the  
            administration of the Economic Adjustment Assistance Grant and  
            the Sudden and Severe Economic Dislocation Grant Program from  
            the BTH to GO-Biz. 

          2)Modifies the annual reporting requirements of the I-Bank  
            including: consolidating requirements; submitting the report  
            to the Legislature rather than the Joint Legislative Audit  
            Committee; requiring that aggregate-level reporting be  
            provided on revolving loan fund activities rather than the  
            current requirement to report, in detail, on every application  
            received during the reporting period; and requiring the annual  
            report be posted on its website.

          3)Removes the requirement for the Small Business Advocate to  
            consult with the Department of Transportation on the Small and  
            Emerging Manager Contractor Technical Assistance Program, a  
            program that sunset on January 1, 2013.

          4)Makes other technical and conforming changes to the Government  
            Code.  

           FISCAL EFFECT  









                                                                  AB 2749
                                                                  Page  2

          Minor/absorbable costs to Go-Biz to implement the provisions of  
          this bill. 

           COMMENTS  

           1)Purpose  . In 2012, the Governor initiated a reorganization to  
            dismantle the Business, Transportation and Housing Agency  
            (BTH) and shift a number of key programs and services to the  
            Governor's Office of Business and Economic Development  
            (GO-Biz). AB 2012 (John A. Perez), Chapter 294, Statutes of  
            2012 implemented the transfer. This measure makes a number of  
            technical changes to conform existing law with previously  
            enacted legislation.      
            The Governor's 2014-15 budget proposes $251,000 onetime/GF and  
            $227,000 ongoing/GF for four new positions to provide support  
            for administrative functions to Go-Biz, including the  
            California Competes Program and the Made in California  
            Program.  

           Analysis Prepared by  :    Misty Feusahrens / APPR. / (916)  
          319-2081