Energy resources: federal oil overcharge funds: City of Escondido.

Under existing law, funds in the federal Petroleum Violation Escrow Account consisting of federal oil overcharge funds, have been disbursed to the state by the federal government and deposited into the Petroleum Violation Escrow Account in the Federal Trust Fund to be used for purposes specified in federal law. This bill would, to the extent permitted by federal law, appropriate $500,000 to the State Energy Resources Conservation and Development Commission for the purpose of providing a grant to the City of Escondido for energy saving programs, to be disbursed by the Controller subject to the approval by the Director of Finance as to which court judgment or federal agency order is the proper source of the funds. This bill would make legislative findings and declarations as to the necessity of a special statute for the City of Escondido.