California Aerospace Commission: establishment.

Existing law establishes the Governor's Office of Business and Economic Development, which is administered by a director appointed by the Governor. The office serves the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. This bill would establish, within the office, the California Aerospace Commission consisting of 15 members, as specified, to serve as a central point of contact for businesses engaged in the aerospace industry and to support the health and competitiveness of this industry in California. The bill would require the commission to make recommendations to the Legislature, the Governor, the Governor's Office of Business and Economic Development, and other other state agencies on legislative and administrative actions that may be necessary or helpful to maintain and improve the state's aerospace industry. The bill would authorize the commission to engage in various other activities in undertaking its mission and responsibilities, as specified. This bill would require the commission to have offices contained within existing operations of the office, with specified exceptions. The bill would also require that funds received by the commission be deposited in the Aerospace Account, which the bill would establish within the California Economic Development Fund, to be used by the commission upon appropriation by the Legislature. The bill would preclude any actions by the office relating to the commission until a determination is made and reported regarding the sufficiency of nonstate funds received. The bill would require the commission to be funded through nonstate moneys, unless the Legislature appropriates moneys for purposes of the bill's provisions in the annual Budget Act or another statute. The bill would repeal its provisions on January 1, 2027.