Federal funding: economic stimulus bill.

(1) Existing law requires any state agency that applies for federal funds to meet a mandatory responsibility under federal or state law, and that application is not approved, to submit, among other things, an identification of the federal program for which the application was denied, and the name of the federal administering agency, and an indication of the reason or reasons the application was not approved, to the Department of Finance, the Office of Planning and Research, and the Joint Legislative Budget Committee, within 15 calendar days of its receipt of notification of lack of approval of the application. This bill would require any state agency that applies for federal funds pursuant to the federal economic stimulus acts of 2008 and 2009, and receives approval, to submit, among other things, an identification of the federal program for which the application was approved, and an identification of the federal administering agency and department, an identification of the amount of funds being made available and a timeline for receiving the funds, to the Department of Finance, the Office of Planning and Research, and the Joint Legislative Budget Committee, within 15 calendar day of its receipt of notification of approval. (2) Existing law requires the Joint Legislative Budget Committee to submit a summary of the information reported by the state agency, within 10 calendar days of receipt of notification of a lack of approval of an application for federal funds, to each member of the appropriate legislative policy committees and to each member of the legislative fiscal committees. This bill would also require the Joint Legislative Budget Committee to submit that summary when informed of an approval of an application for federal funds.