BILL ANALYSIS Appropriations Committee Fiscal Summary 1457 (Reyes) Hearing Date: 7/14/03 Amended: 6/17/03 Consultant: Lisa Matocq Policy Vote: E, U & C 6-0 ____________________________________________________________ ___ BILL SUMMARY: AB 1457, an urgency measure, appropriates $2.5 million from the California High-Cost Fund-A Administrative Committee Fund (High-Cost A) to the Public Utilities Commission (PUC), in order to pay subsidies to small independent telephone companies serving high-cost rural areas for 2001-02, as specified. Fiscal Impact (in thousands) Major Provisions 2003-04 2004-05 2005-06 Fund Appropriation $2,500* -- -- Special* *Appropriated in the bill from the High-Cost A Fund, and approved by Budget Conference Committee. STAFF COMMENTS: This bill meets the criteria for referral to the Suspense File. Under current law, small, independent telephone companies serving rural and small metropolitan areas in higher-cost areas are eligible to receive a subsidy from the PUC. The subsidies are funded with revenues derived from a surcharge imposed on all telephone bills. Apparently, due to a change in accounting methods, from cash to accrual, the PUC miscalculated the amount of subsidies for fiscal year 2001-02. This bill appropriates $2.5 million to pay the unpaid subsidies. The Budget Conference Committee approved a $2.5 million appropriation for this same purpose. The bill contains contingency language that should the Budget Act of 2003 include an appropriation for the same amount, Section 1 of the bill shall be inoperative.