Bill Text: CA SB105 | 2015-2016 | Regular Session | Amended
Bill Title: Greenhouse Gas Reduction Fund: investment plan.
Spectrum: Unknown
Status: (Failed) 2016-11-30 - From Assembly without further action. [SB105 Detail]
Download: California-2015-SB105-Amended.html
BILL NUMBER: SB 105 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY SEPTEMBER 4, 2015
INTRODUCED BY Committee on Budget and Fiscal Review
JANUARY 9, 2015
An act relating to the Budget Act of 2015.
greenhouse gases.
LEGISLATIVE COUNSEL'S DIGEST
SB 105, as amended, Committee on Budget and Fiscal Review.
Budget Act of 2015. Greenhouse Gas Reduction
Fund: investment plan.
The California Global Warming Solutions Act of 2006 establishes
the State Air Resources Board as the state agency responsible for
monitoring and regulating sources emitting greenhouse gases. The act
authorizes the state board to include the use of market-based
compliance mechanisms. Existing law requires all moneys, except for
fines and penalties, collected by the state board from a market-based
compliance mechanism to be deposited in the Greenhouse Gas Reduction
Fund and to be available upon appropriation by the Legislature.
Existing law requires the Department of Finance, in consultation with
the state board and any other relevant state agency, to develop, as
specified, a 3-year investment plan for the moneys deposited in the
Greenhouse Gas Reduction Fund.
This bill would express the intent of the Legislature to enact
statutory changes relating to the Budget Act of 2015.
necessary to implement the 2015 investment plan for
the moneys deposited in the Greenhouse Gas Reduction Fund.
Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. It is the intent of the Legislature
to enact statutory changes relating to the Budget Act of 2015.
SECTION 1. It is the intent of the Legislature to
enact legislation that adopts statutory changes necessary to
implement the 2015 cap -and -trade investment
plan.
