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SB 105 California Senate · 2015-2016 Regular Session

Greenhouse Gas Reduction Fund: investment plan.

Summary
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 authorizes the state board to include the use of market-based compliance mechanisms. Existing law requires all moneys, except for fines and penalties, collected by the state board from a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund and to be available upon appropriation by the Legislature. Existing law requires the Department of Finance, in consultation with the state board and any other relevant state agency, to develop, as specified, a 3-year investment plan for the moneys deposited in the Greenhouse Gas Reduction Fund. This bill would express the intent of the Legislature to enact statutory changes necessary to implement the 2015 investment plan for the moneys deposited in the Greenhouse Gas Reduction Fund.
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2015
Committee Review
Sep 2015
Senate Passage
Mar 2015
Assembly Passage
Governor
Introduced Jan 9, 2015 Last action Sep 4, 2015
Floor votes · Senate Mar 23, 2015

How they voted

21–9
Passed · 2 other
Total votes 32
Mar 23, 2015
D Democratic22
21 Yea 1
95% Yea
R Republican10
9 Nay 1
90% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
16
Key actions
3
Committee
5
Sep 4, 2015
Committee
Re-referred to Com. on BUDGET pursuant to Assembly Rule 77.2.
lower
Aug 27, 2015
Lower · Passed
From committee: Do pass. (Ayes 16. Noes 11.) (August 27).
lower
Mar 23, 2015
Senate · Passed
Senate Vote: pass (21-9-2)
senate
Mar 23, 2015
Committee
Referred to Com. on BUDGET.
lower
Mar 18, 2015
Upper · Passed
From committee: Ordered to second reading.
upper
Feb 5, 2015
Committee
Referred to Com. on RLS.
upper
Jan 9, 2015
Introduced
Introduced. To Com. on RLS. for assignment. To print.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.