BILL NUMBER: AB 653	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JULY 9, 2003
	AMENDED IN ASSEMBLY  MARCH 24, 2003

INTRODUCED BY   Assembly Member Nunez
   (Coauthors:  Assembly Members Calderon, Hancock, Jackson, Koretz,
Laird, Lieber, Montanez, Pavley, and Yee)
   (Coauthors:  Senators  Bowen,  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   delete the repeal
date of these provisions, thus making  this authority 
until 2010   permanent  and would make projects
that combine 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 financial and energy
savings over the life of the project  .   It would
authorize the board, when analyzing the costs and financial and
energy savings of energy-efficient equipment, to consider the terms
of any product warranty attached to the equipment. 
   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
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 financial and energy savings over the life of
the project.
   (c) This section shall remain in effect only until January 1,
2010, and as of that date is repealed, unless a later enacted
statute, which is enacted before January 1, 2010, deletes or extends
that date.   .  When analyzing the costs and financial
and energy savings of energy-efficient equipment, the board may
consider the terms of any product warranty attached to the equipment.