State government: appointments: infrastructure.

(1) Existing law prescribes that every office, the term of which is not specified in law, is held at the pleasure of the appointing power. Existing law specifies the length of terms of appointive members of the Student Aid Commission, except student representatives, the governing body of the California Exposition and State Fair, and the High-Speed Rail Authority as 4 years, and appointive members of the Employment Training Panel as 2 years. This bill would delete the length of terms of the members appointed by the Speaker of the Assembly to the Student Aid Commission, the governing body of the California Exposition and State Fair, the High-Speed Rail Authority, and the Employment Training Panel, and would make conforming changes. (2) Existing provisions of the California Constitution, approved by the electors on November, 4, 2014, establish the Budget Stabilization Account in the General Fund and require the Controller, on or before October 1 of the 2015–16 fiscal year and each fiscal year thereafter, to transfer from the General Fund to the Budget Stabilization Account amounts that include a sum equal to 1.5% of the estimated amount of General Fund revenues for that fiscal year. These existing provisions prohibit for each fiscal year transfers to the account that would cause the balance in the account to exceed 10% of the amount of General Fund proceeds of taxes for the fiscal year as estimated by the Department of Finance. These existing provisions authorize, for any fiscal year, General Fund proceeds of taxes that, but for the above prohibition, would have been transferred to the account, to be expended only for infrastructure, as prescribed. Existing law creates the Housing Rehabilitation Loan Fund, which is continuously appropriated for specified purposes relating to housing rehabilitation. This bill would provide that the amount estimated to be available for infrastructure under the constitutional provisions shall be appropriated by the Legislature in the annual budget process. The bill would require the Controller, upon the order of the department, for infrastructure amounts attributable to the 2019–20 to the 2021–22 fiscal year, inclusive, to transfer the amount from the General Fund to the Infrastructure Stabilization Fund, which the bill would create as a continuously appropriated fund, thereby making an appropriation. The Infrastructure Stabilization Fund would receive transfers pursuant to the bill's provisions or from any other funds upon appropriation by the Legislature and moneys in this fund would be continuously appropriated and distributed, upon order of the department, to the State Infrastructure and Maintenance Fund created by the bill if below $415,000,000, or, if at or above that threshold, to that fund up to $415,000,000 with the excess over the threshold split evenly between a Rail Infrastructure Account, established by the bill, and the existing Housing Rehabilitation Loan Fund. By establishing a new source of moneys for the Housing Rehabilitation Loan Fund, a continuously appropriated fund, the bill would make an appropriation. The bill would restrict the use of moneys transferred from the Infrastructure Stabilization Fund to the Housing Rehabilitation Loan Fund to infrastructure within the Multifamily Housing Program. The bill would create the State Infrastructure and Maintenance Fund in the State Treasury for the purposes of funding state capital outlay, lease payments related to state capital outlay, and deferred maintenance, upon appropriation by the Legislature. Under the bill, the fund would receive transfers from the Infrastructure Stabilization Fund, pursuant to the bill, or from any other funds upon appropriation by the Legislature. The bill would create the Rail Infrastructure Account in the State Transportation Fund for the purposes of funding projects in the Rail Modernization Improvement Program, which the bill would create, as prescribed. Under the bill, moneys in the account would be continuously appropriated to the Transportation Agency for specific rail infrastructure project purposes. By creating a continuously appropriated fund, the bill would make an appropriation. This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.