State cash resources.

(1) Existing law, until September 1, 2011, provides for a cash management plan for the 2010–11 fiscal year to authorize the Controller, Treasurer, and Director of Finance to defer General Fund payments for up to 60 or 90 days, as specified, beginning July 2010, for specific entities, including county offices of education, public schools, and charter schools, subject to certain conditions. This bill would modify these provisions and apply the cash management plan to the 2011–12 fiscal year. This bill would also establish specified procedures for deferrals, and repayment of those deferrals, from county offices of education, public schools, and charter schools. The bill would make conforming changes and make these provisions inoperative on September 1, 2012. (2) Existing law establishes the Immediate and Critical Needs Account of the State Court Facilities Construction Fund and the Hospital Quality Assurance Revenue Fund for the planning, financing, and construction of court facilities and the support and enhancement of hospital quality, respectively. The bill would, notwithstanding existing law, authorize the Controller to use funds in the Immediate and Critical Needs Account and the Hospital Quality Assurance Revenue Fund for cashflow loans to the General Fund, as provided in specified provisions of law. (3) Existing law provides for the deferral of specified apportionments on a pro rata basis from the Highway Users Tax Account in the Transportation Tax Fund to cities, counties, and cities and counties from July 2010 to March 2011, inclusive, and limits the amount of those deferrals. Existing law permits cities, counties, and cities and counties to borrow certain designated funds from their accounts and requires that any borrowing be repaid with interest that would be applied to a specified purpose. The bill would repeal these provisions of law. (4) The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. Governor Schwarzenegger issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on December 6, 2010. Governor Brown issued a proclamation on January 20, 2011, declaring and reaffirming that a fiscal emergency exists and stating that his proclamation supersedes the earlier proclamation for purposes of that constitutional provision. This bill would state that it addresses the fiscal emergency declared and reaffirmed by the Governor by proclamation issued on January 20, 2011, pursuant to the California Constitution. (5) This bill would appropriate the sum of $1,000 from the General Fund for administrative costs associated with this act. (6) This bill would declare that it is to take effect immediately as an urgency statute and a bill providing for appropriations related to the Budget Bill.