BILL NUMBER: AB 653	AMENDED
	BILL TEXT

	AMENDED IN SENATE  AUGUST 18, 2003
	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 delete the repeal date of these provisions, thus
making this authority 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 full life
of the project  .  It would authorize the board, when analyzing
 the costs and financial and energy savings of
energy-efficient equipment   a project  , to
consider  the terms of any product warranty attached to the
equipment   any additional value added by product
warranties associated with 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
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  .
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.   and
analyze the costs and financial and energy savings over the full life
of the project.  In analyzing a project, the board also may consider
any additional value added by product warranties associated with the
project.