California Beverage Container Recycling Fund: reporting.

Existing law, the California Beverage Container Recycling and Litter Reduction Act, requires every beverage container sold or offered for sale in this state to have a minimum refund value. Under existing law, a beverage distributor is required to pay a redemption payment to the Department of Resources Recycling and Recovery for every beverage container sold or offered for sale in the state by the distributor, and the department is required to deposit those amounts, and all other revenues the department receives under the act, in the California Beverage Container Recycling Fund. Under existing law, moneys in the fund, except for civil penalties or fines, are continuously appropriated to the department to, among other things, pay refund values, administrative fees, and processing payments to processors, and handling fees to recycling sites in convenience zones, as defined. Existing law requires the department, not less than once every 3 months, to provide to the Legislature an updated fund condition statement for the California Beverage Container Recycling Fund, and other specified information, for the current fiscal year and budget year. Existing law requires the department, not less than once every 3 months, to post that information on the department's internet website. Existing law requires the department, not less than once every 3 months, to review the information included in the fund condition statement, as provided, and to immediately notify the Legislature if the department determines that there may be inadequate funds to pay the payments required by the act. In that circumstance, existing law authorizes the department, after notifying the Legislature, to reduce or eliminate certain expenditures, including processing payments or handling fees, as provided. This bill would change the minimum frequency of the periodic requirements described above from 3 months to 2 months.