Energy.

(1) Existing law establishes the Alternative and Renewable Fuel and Vehicle Technology Program, administered by the State Energy Resources Conservation and Development Commission (Energy Commission) , to provide to specified entities, upon appropriation by the Legislature, grants, loans, loan guarantees, revolving loans, or other appropriate measures, for the development and deployment of innovative technologies that transform California's fuel and vehicle types to help attain the state's climate change goals. Existing law specifies that only certain projects or programs are eligible for funding. This bill would, additionally, specify projects eligible for funding under the program to include a cost-effective program to provide funding for homeowners who purchase an electric vehicle to offset costs associated with modifying electrical sources to include a residential plug-in electric vehicle charging station. (2) Existing law authorizes a public agency and a property owner to enter into voluntary contractual assessments to finance the installation of distributed generation renewable energy sources or energy or water efficiency improvements that are permanently affixed on real property. This bill would expand the use of the voluntary contractual assessment to finance electric vehicle charging infrastructure affixed on real property. The bill would prohibit a public agency from permitting a property owner to participate in a contractual assessment program if the total amount of assessments and taxes on the property exceeds 5% of the property's market value, as specified. The bill would also require the preliminary report issued in connection with the contractual assessment program to include criteria for determining underwriting requirements, and safeguards to be used to limit the total annual property tax and assessments on the property, as specified. (3) Existing law requires the California Alternative Energy and Advanced Transportation Financing Authority to establish a Property Assessed Clean Energy (PACE) Reserve program to assist local jurisdictions in financing the installation of distributed generation renewable energy sources or energy or water efficiency improvements meeting specified requirements that are permanently affixed on real property through the use of a voluntary contractual assessment. This bill would expand the PACE Reserve program to assist local jurisdictions in financing the installation of electric vehicle charging infrastructure. (4) This bill would incorporate additional changes in Section 44272 of the Health and Safety Code proposed by AB 1106, that would become operative only if AB 1106 and this bill are both chaptered and become operative on or before January 1, 2011, and this bill is chaptered last.