BILL NUMBER: AB 653	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 24, 2003

INTRODUCED BY   Assembly Member Nunez
    (Coauthor: Assembly Member Jackson) 
    (Coauthors:  Assembly Members Calderon, Hancock, Jackson,
Koretz, Laird, Lieber, Montanez, Pavley, and Yee) 
    (Coauthors:  Senators Chesbro, Ducheny, Romero, and Soto)


                        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 amended, 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  extend this authority until 2010 and would
 make projects that combine  energy efficiency 
 conservation  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  
financial and energy savings  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   conservation  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   financial and energy
savings  over the life of the project.
   (c) This section shall remain in effect only until January 1,
 2005,   2010,  and as of that date is
repealed, unless a later enacted statute, which is enacted before
January 1,  2005,   2010,  deletes or
extends that date.