BILL ANALYSIS                                                                                                                                                                                                    




                   Senate Appropriations Committee Fiscal Summary
                            Senator Carole Migden, Chair

                                           1383 (Pavley)
          
          Hearing Date:  8/25/05          Amended: 7/13/05
          Consultant:  John Decker        Policy Vote: EU&C (7-3)
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          BILL SUMMARY:   AB 1383 creates a grant to facilitate the  
          installation of solar energy systems in low-income housing.  
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                            Fiscal Impact (in thousands)

           Major Provisions               2005-06     2006-07    2007-08   Fund
           Transfers                    $5,000    $10,000  $10,000   
          Special*                               
          *The bill transfers funds from the Emergency Renewable Resources  
          Account and the fund identified (and unnamed) in subdivision (a)  
          of Chapter 329 (Statutes of 2000), or from the funds  
          appropriated in SB 1 (Murray and Campbell), the Million Solar  
          Roofs Initiative.
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          STAFF COMMENTS:   Suspense File.  As proposed to be amended.

          According to the sponsor, the bill is intended to provide up to  
          75 percent financing for solar units installed in low-income  
          housing, and loan up to $100 million over ten years.  

          The bill creates a revolving fund, to be administered by the  
          energy commission.  The revolving fund is capitalized with  
          transfers from special funds which derive their revenues from  
          rate payers.  The revolving fund sunsets on January 1, 2016.   
          The bill could result in transfers of up to $10 million  
          annually, with offsetting revenue in the future deposited in the  
          revolving fund as the loans are repaid.