California Global Warming Solutions Act of 2006: Low-Carbon Fuel Standard.

The California Global Warming Solutions Act of 2006 establishes the State Air Resources Board as the state agency responsible for monitoring and regulating sources emitting greenhouse gases. The act requires the state board to adopt a statewide greenhouse gas emissions limit to be achieved by 2020 equivalent to the statewide greenhouse gas emissions levels of 1990. The state board additionally is required to adopt rules and regulations in an open public process to achieve the maximum technologically feasible and cost-effective greenhouse gas emissions reductions. Pursuant to the act, the state board has adopted the Low-Carbon Fuel Standard regulations. This bill would establish the Fuel Producer Capital Assistance Program to distribute moneys, upon appropriation by the Legislature, to liquid-transportation-fuel producers who wish to locate within the state a large-scale production facility that produces more than 3,000,000 gallons per year, as specified. The bill would establish the Fuel Producers Capital Assistance Fund and would appropriate $100,000,000 from the Greenhouse Gas Reduction Fund to implement the program.