BILL NUMBER: AB 1555INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Gomez JANUARY 4, 2016 An act relating to greenhouse gases. LEGISLATIVE COUNSEL'S DIGEST AB 1555, as introduced, Gomez. Greenhouse Gas Reduction Fund. The California Global Warming Solutions Act of 2006 designates the State Air Resources Board as the state agency charged with monitoring and regulating sources of emissions of greenhouse gases. The state board is required to adopt a statewide greenhouse gas emissions limit equivalent to the statewide greenhouse gas emissions level in 1990 to be achieved by 2020. The act authorizes the state board to include the use of market-based compliance mechanisms. Existing law requires all moneys, except for fines and penalties, collected by the state board from the auction or sale of allowances as part of a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund and to be available upon appropriation. This bill would state the intent of the Legislature to enact future legislation that would appropriate $1,700,000,000 from the Greenhouse Gas Reduction Fund for the 2015-16 fiscal year that would be allocated to different entities in amounts to be determined in the future legislation for purposes including low carbon transportation and infrastructure, clean energy communities, and community climate improvements, wetland and watershed restoration, and carbon sequestration. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact future legislation that would appropriate one billion seven hundred million dollars ($1,700,000,000) from the Greenhouse Gas Reduction Fund, created pursuant to Section 16428.8 of the Government Code, to be allocated, in amounts to be determined in that future legislation as follows: (a) For low carbon transportation and infrastructure, as follows: (1) The amount of ____ dollars ($____) to the California Air Resources Board for low carbon transportation and infrastructure programs. (2) The amount of ____ dollars ($____) for Active Transportation and transit pass investments. (b) For clean energy communities, as follows: (1) The amount of ____ dollars ($____) to the Community Service Department and the California Conservation Corps for weatherization and low-income solar rooftop programs, with at least ____ dollars ($____) of those moneys for integrated solarization and weatherization programs or projects in disadvantaged communities. (2) The amount of ____ dollars ($____) to the California Energy Commission and the Department of Water Resources for replacement programs, including turf and toilet replacement. (3) The amount of ____ dollars ($____) to the Department of Water Resources for energy efficient ground water pump replacement grant programs. (4) The amount of ____ dollars ($____) to develop low-carbon microgrids for public buildings and universities. (5) The amount of ____ dollars ($____) to the Department of Food and Agriculture, and the amount of ____ dollars ($____) to CalRecycle, to provide incentive programs for waste diversion, biogas development, and compost programs, including grants to agriculture and urban waste organic diversion facilities. (6) The amount of ____ dollars ($____) to the Department of Food and Agriculture for on-farm energy and water efficiency programs. (c) For community climate improvements, wetland and watershed restoration, and carbon sequestration, as follows: (1) The amount of ____ dollars ($____) to the Department of Fish and Wildlife for wetland development, rehabilitation, and enhancement. (2) The amount of ____ dollars ($____) to the Wildlife Conservation Board for allocation to state and regional conservancies for watershed restoration. (3) The amount of ____ dollars ($____) to the Natural Resources Agency for riparian and revegetation programs. (4) The amount of ____ dollars ($____) for local-climate-beneficial projects for urban greening, urban canopies, urban brownfield conversion, and other related projects. (5) The amount of ____ dollars ($____) for agricultural and rangeland carbon sequestration programs. (6) The amount of ____ dollars ($____) to the Department of Forestry and Fire Protection for urban forestry. (d) For opportunity investments in amounts to be determined.