BILL NUMBER: AB 653	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Nunez
   (Coauthor: Assembly Member Jackson)

                        FEBRUARY 19, 2003

   An act to amend Section 15814.15 of the Government Code, relating
to energy efficiency.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 653, as introduced, Nunez.  Energy efficiency:  public
buildings.
   Existing law authorizes the State Public Works Board, until
January 1, 2005, to issue revenue bonds, notes, and bond anticipation
notes to finance the cost of cogeneration equipment, alternative
energy equipment, and conservation measures in public buildings.
   This bill would make projects that combine energy efficiency
measures and alternative energy equipment eligible for funding under
these provisions. This bill also would require the board, in
determining whether to issue funding for projects under these
provisions, to evaluate each project in its entirety and analyze the
costs and benefits over the life of the project.
   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 15814.15 of the Government Code is amended to
read:
   15814.15.  (a) The board may issue revenue bonds, notes, including
commercial paper notes and other forms of negotiable short-term
indebtedness, and bond anticipation notes pursuant to Chapter 5
(commencing with Section 15830) to finance the cost of cogeneration
equipment, alternative energy equipment,  projects that combine
energy efficiency measures and alternative energy equipment, and
conservation measures constituting the public buildings authorized
by this chapter.  The total amount of revenue bonds, notes, including
commercial paper notes and other forms of negotiable short-term
indebtedness, and bond anticipation notes authorized to be issued
pursuant to this section in each of the 10 fiscal years beginning
with the 1982-83 fiscal year is fifty million dollars ($50,000,000),
for a total of five hundred million dollars ($500,000,000).  Any
portion of the authorization not used in any fiscal year may be used
in any future fiscal year.
   (b)  The board, in determining whether to issue funding under
subdivision (a) for projects proposed by the Department of General
Services, shall evaluate each project in its entirety and analyze the
costs and benefits over the life of the project. 
    (c)  This section shall remain in effect only until
January 1, 2005, and as of that date is repealed, unless a later
enacted statute, which is enacted before January 1, 2005, deletes or
extends that date.