Bill Text: CA SB207 | 2015-2016 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: California Global Warming Solutions Act of 2006:

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-11-30 - From Assembly without further action. [SB207 Detail]

Download: California-2015-SB207-Introduced.html

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BILL NUMBER: SB 207	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Wieckowski

                        FEBRUARY 11, 2015

   An act to amend Section 39716 of the Health and Safety Code,
relating to greenhouse gases.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 207, as introduced, Wieckowski. California Global Warming
Solutions Act of 2006: 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 the auction or
sale of allowances as part of 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 additionally require the 3-year investment plan to
identify conflicting or overlapping policies, where applicable, in
current state strategies to meeting the state's greenhouse gas
emissions reduction goals and targets by sector.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 39716 of the Health and Safety Code is amended
to read:
   39716.  (a) The Department of Finance, on behalf of the Governor,
and in consultation with the state board and any other relevant state
entity, shall develop and submit to the Legislature at the time of
the department's adjustments to the proposed 2013-14 fiscal year
budget pursuant to subdivision (e) of Section 13308 of the Government
Code a three-year investment plan. Commencing with the 2016-17
fiscal year budget and every three years thereafter, with the release
of the Governor's budget proposal, the Department of Finance shall
include updates to the investment plan following the public process
described in subdivisions (b) and (c). The investment plan,
consistent with the requirements of Section 39712, shall do all of
the following:
   (1) Identify the state's near-term and long-term greenhouse gas
emissions reduction goals and targets by sector.
   (2) Analyze gaps  and identify conflicting or overlapping
policies  , where applicable, in current state strategies to
meeting the state's greenhouse gas emissions reduction goals and
targets by sector.
   (3) Identify priority programmatic investments of moneys that will
facilitate the achievement of feasible and cost-effective greenhouse
gas emissions reductions toward achievement of greenhouse gas
reduction goals and targets by sector, consistent with subdivision
(c) of Section 39712.
   (b) (1) The state board shall hold at least two public workshops
in different regions of the state and one public hearing prior to the
Department of Finance submitting the investment plan.
   (2) The state board  , prior to the submission of each
investment plan,  shall  , prior to the submission of
each investment plan,  consult with the Public Utilities
Commission to ensure the investment plan is coordinated with, and
does not conflict with or unduly overlap with, activities under the
oversight or administration of the Public Utilities Commission
undertaken pursuant to Part 5 (commencing with Section 38570) of
Division 25.5 or other activities under the oversight or
administration of the Public Utilities Commission that facilitate
greenhouse gas emissions reductions consistent with this division.
The investment plan shall include a description of the use of any
moneys generated by the sale of allowances received at no cost by the
investor-owned utilities pursuant to a market-based compliance
mechanism.
   (c) The Climate Action Team, established under Executive Order
S-3-05, shall provide information to the Department of Finance and
the state board to assist in the development of each investment plan.
The Climate Action Team shall participate in each public workshop
held on an investment plan and provide testimony to the state board
on each investment plan. For purposes of this section, the Secretary
of Labor and Workforce Development shall assist the Climate Action
Team in its efforts.