BILL ANALYSIS Ó AB 133 Page 1 (Without Reference to File) CONCURRENCE IN SENATE AMENDMENTS AB 133 (Committee on Budget) As Amended February 22, 2016 Majority vote. Budget Bill Appropriation Takes Effect Immediately -------------------------------------------------------------------- |ASSEMBLY: | |(March 23, |SENATE: |40-0 |(February 29, | | | |2015) | | |2016) | | | | | | | | | | | | | | | -------------------------------------------------------------------- (vote not relevant) Original Committee Reference: BUDGET SUMMARY: Amends the Budget Act of 2015 to increase funding for debt repayment and reflect costs associated with wildfire recovery activities. Specifically, this bill: 1)Appropriates $240 million to prepay retiree health benefits. 2)Appropriates $173 million to repay a $173 million loan related to the Traffic Congestion Relief Fund loans. This funding AB 133 Page 2 would be used for the following purposes: a) $148 million for Traffic Congestion Relief fund projects; b) $11 million for trade corridor improvements; c) $9 million for the Transit and Intercity Rail Capital program; and d) $5 million for the State Highway Operations and Protection Program. 3)Appropriates $105 million of Waste Reduction and Management funds for fire recovery and debris removal related to recent fires in Lake and Calaveras counties. 4)Increases funding for the University of California by $1.855 million to enroll 48 students in the San Joaquin Valley Medical Program. FISCAL EFFECT: This would increase the overall budget appropriation by $520 million all funds. COMMENTS: This bill amends the 2015 Budget Act Analysis Prepared by: Christian Griffith / BUDGET / (916) 319-2099 FN: 0002628 AB 133 Page 3