BILL ANALYSIS AB 425 Page 1 Date of Hearing: August 9, 2004 ASSEMBLY COMMITTEE ON NATURAL RESOURCES Hannah-Beth Jackson, Chair AB 425 (Campbell) - As Amended: June 24, 2004 SUBJECT: City of Newport Beach: public trust lands. SUMMARY : Authorizes various transactions between the City of Newport Beach (City) and the County of Orange (County) concerning public trust lands and authorizes the City to expend certain tideland-related funds for the Upper Newport Beach Ecological Reserve (Reserve). The Senate amendments delete the Assembly version of this bill and instead: 1)Declare that expenditures by the City from its Tideland Capital Fund to acquire or improve real property in the Reserve is in furtherance of trust purposes, irrespective of the status of the real property as state tide and submerged lands. 2)Authorize the City to make expenditures from its Tideland Operation and Maintenance Fund and Upper Newport Bay Restoration Fund for lands and facilities within the Reserve, irrespective of their status as state tide and submerged lands, if in furtherance of the public trust. 3)Authorize the City, with the concurrence of the State Lands Commission (SLC), to convey to the County, subject to the public trust, certain described lands. 4)Confirm that certain described lands, which are owned by the County and dedicated by the County to the public trust, are to be held in trust by the County pursuant to existing statutes governing trust lands. 5)Authorize the County, with the concurrence of SLC, to convey to the City, subject to the public trust, certain described lands. AS PASSED BY THE ASSEMBLY , this bill authorized the Public Utilities Commission, as part of its rate-setting function, to authorize, through the end of 2008, pricing incentives for heavy AB 425 Page 2 industrial customers that agree to optional interruptable or curtailable electrical service. FISCAL EFFECT : Unknown COMMENTS : This bill was completely amended in the Senate, and the provisions of this bill as approved by the Assembly were deleted. REGISTERED SUPPORT / OPPOSITION : Support None on file AB 425 Page 3 Opposition None on file Analysis Prepared by : Jeff Arthur / NAT. RES. / (916)319-2092 FN: 0006345