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SB 26

  • California Senate Bill
  • 2009-2010, 8th Special Session
  • Introduced in Senate Feb 04, 2010
  • Passed Senate Feb 25, 2010
  • Assembly
  • Governor

Energy: California Alternative Energy and Advanced Transportation Financing Authority: Property Assessed Clean Energy (PACE).

Abstract

(1) The California Alternative Energy and Advanced Transportation Financing Authority Act establishes the California Alternative Energy and Advanced Transportation Financing Authority and authorizes the authority to issue revenue bonds to provide industry with an alternative method of financing in providing and promoting the establishment of facilities utilizing alternative methods and sources of energy and facilities needed for the development and commercialization of advanced transportation technologies. Existing law authorizes a public agency and a property owner to enter into voluntary contractual assessments to finance the installation of distributed generation of renewable energy sources or energy or water efficiency improvements that are permanently affixed on real property. This bill would require the authority to establish a Property Assessed Clean Energy (PACE) Reserve program to assist local jurisdictions in financing the installation of distributed generation of renewable energy sources or energy or water efficiency improvements that are permanently affixed on real property through the use of a voluntary contractual assessment. The bill would, until January 1, 2015, appropriate up to $50,000,000 from the Renewable Resource Trust Fund to the authority for the purposes of the PACE Reserve program, thereby making an appropriation. The bill would require the authority, on March 31, 2011, and annually thereafter, to submit to the Legislature, a report containing specified information regarding the implementation of the above provisions. (2) Existing law vests the authority with specified powers in the implementation of the California Alternative Energy and Advanced Transportation Financing Authority Act. This bill would authorize the authority to purchase bonds issued by a public agency meeting specified criteria. The bill would authorize the authority to hold the purchased bonds or to sell the purchased bonds, in whole or in part, to public or private purchasers. (3) The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. The Governor issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on January 8, 2010. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on January 8, 2010, pursuant to the California Constitution. (4) This bill would declare that it is to take effect immediately as an urgency statute.

Bill Sponsors (9)

Fran Pavley

  • Democratic
Author

Elaine Alquist

  • Democratic
Coauthor

Gilbert Cedillo

  • Democratic
Author

Loni Hancock

  • Democratic
Author

Jared William Huffman

  • Democratic
Coauthor

Alex Padilla

  • Democratic
Author

Nancy Skinner

  • Democratic
  • upper
  • 9
Principal Coauthor

Darrell Steinberg

  • Democratic
Author

Lois Wolk

  • Democratic
Author

Votes


Actions


Mar 11, 2010

Assembly

Read second time. Amended. To second reading.

Assembly

From Assembly without further action.

Mar 10, 2010

Assembly

From committee: Do pass as amended. (Ayes 11. Noes 3.)

Assembly

(Heard in committee on March 10.)

Mar 09, 2010

Assembly

From committee: Do pass, but first be re-referred to Com. on APPR. (Ayes 8. Noes 1.) Re-referred to Com. on APPR.

  • Referral-Committee
  • Committee-Passage-Favorable
  • Committee-Passage
Com. on APPR. (Ayes 8. Noes 1.) Re-referred to Com. on APPR.

Assembly

(Heard in committee on March 9.)

Assembly

From committee: Do pass, but first be re-referred to Com. on NAT. RES. (Ayes 6. Noes 1.) Re-referred to Com. on NAT. RES.

  • Referral-Committee
  • Committee-Passage-Favorable
  • Committee-Passage
Com. on NAT. RES. (Ayes 6. Noes 1.) Re-referred to Com. on NAT. RES.

Mar 04, 2010

Assembly

From committee with author's amendments. Read second time. Amended. Re-referred to Com. on L. GOV.

  • Reading-1
  • Referral-Committee
  • Reading-2
  • Committee-Passage
Com. on L. GOV.

Assembly

To Coms. on L. GOV., NAT. RES. and APPR.

Feb 25, 2010

Assembly

In Assembly. Read first time. Held at Desk.

Senate

Read third time. Passed. (Ayes 32. Noes 0. Page 97.) To Assembly.

Feb 23, 2010

Senate

Read second time. Amended. To third reading.

Feb 22, 2010

Senate

From committee: Do pass as amended. (Ayes 8. Noes 0. Page 88.)

Feb 18, 2010

Senate

From committee with author's amendments. Read second time. Amended. Re-referred to Com. on APPR.

  • Reading-1
  • Referral-Committee
  • Reading-2
  • Committee-Passage
Com. on APPR.

Senate

Set for hearing February 22.

Feb 16, 2010

Senate

From committee: Do pass, but first be re-referred to Com. on APPR. (Ayes 9. Noes 0. Page 79.) Re-referred to Com. on APPR.

  • Referral-Committee
  • Committee-Passage-Favorable
  • Committee-Passage
Com. on APPR. (Ayes 9. Noes 0. Page 79.) Re-referred to Com. on APPR.

Feb 11, 2010

Senate

Set for hearing February 16.

Feb 10, 2010

Senate

Re-referred to Com. on E., U., & C.

  • Referral-Committee
Com. on E., U., & C.

Feb 04, 2010

Senate

Introduced. Read first time. To Com. on RLS.

Bill Text

Bill Text Versions Format
SB26 HTML
02/04/10 - Introduced PDF
02/18/10 - Amended Senate PDF
02/23/10 - Amended Senate PDF
03/04/10 - Amended Assembly PDF
03/11/10 - Amended Assembly PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated nightly from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.