(1) Existing law establishes the Capital Access Loan Program for small businesses, administered by the California Pollution Control Financing Authority (authority) , which provides loans through participating financial institutions to qualifying small businesses. This bill would expand the definition of financial institution for purposes of the program to include depository institutions, insured credit unions, and community development financial institutions, as defined pursuant to federal law. (2) Existing law requires the authority to create a loss reserve account for each financial institution in order to provide protection against loss. The loss reserve account for a financial institution consists of moneys paid as fees by borrowers and the financial institution, moneys transferred to the account from a small business assistance fund, matching federal moneys, and other moneys provided by the authority or other source. The authority is authorized to withdraw from the loss reserve account all interest or other income that has been credited to the loss reserve account, to be used for the sole purpose of offsetting costs associated with carrying out the program, including administrative costs and loss reserve account contributions. This bill would also authorize the authority to withdraw a portion of the interest or other income that has been credited to the loss reserve account. (3) Existing law requires the authority, if matching funds are not available, to transfer to the loss reserve account an amount that is not less than the amount of the fees paid by the participating financial institution. If the qualified business is located within a severely affected community, as defined, the authority is required to transfer to the loss reserve account an amount equal to 150% of the amount of the fees paid by the participating financial institution. This bill would instead require the authority to contribute an amount not less than 150% of the amount of the fees paid by the participating financial institution, if the qualified business is located within a severely affected community. (4) This bill would incorporate additional changes in Section 44559.1 of the Health and Safety Code proposed by AB 901, to be operative only if AB 901 and this bill are both chaptered and become effective on or before January 1, 2012, and this bill is chaptered last.
Sponsored bills
Existing law requires the Department of Food and Agriculture, headed by the Secretary of Food and Agriculture, to promote and protect the agricultural industry of the state. This bill would, until July 1, 2017, create the California Healthy Food Financing Initiative. It would require, by July 1, 2012, the Secretary of Food and Agriculture to prepare recommendations, to be presented upon request to the Legislature, regarding actions that need to be taken to promote food access in the state. The bill would establish the California Healthy Food Financing Initiative Council and would require the council to implement the initiative, as specified. The bill would require the department to establish an advisory group, as specified. The bill would create the California Healthy Food Financing Initiative Fund in the State Treasury, to be comprised of federal, state, philanthropic, and private funds, for the purpose of expanding access to healthy foods in underserved communities and, to the extent practicable, to leverage other funding, as specified. Moneys in the fund would be expended upon appropriation by the Legislature.
(1) The Bergeson-Peace Infrastructure and Economic Development Bank Act sets forth the duties of the California Infrastructure and Economic Development Bank in financing economic development facilities, and promoting infrastructure and economic development opportunities in the state generally. This bill would require the bank to consult, and authorize it to coordinate implementation of its revolving loan program, with local and regional revolving loan funds and networks of revolving loan funds, for specified purposes. (2) The act requires the bank to establish criteria, priorities, and guidelines for the selection of public infrastructure projects to receive assistance from the bank, to be based on a minimum of specified factors. This bill would repeal these provisions and instead apply these requirements to public and private projects that receive conduit financing through the bank. The bill, beginning January 1, 2013, would require a project selected to receive this assistance from the bank to additionally have economic development benefits and meet land use criteria pursuant to these provisions. This bill would also require the bank to develop a methodology and process to allow the bank to measure the economic development benefits of a project.
(1) Existing law establishes within the California Automobile Assigned Risk Plan a low-cost automobile insurance program in order to provide a means for eligible consumers to buy automobile insurance, as specified. This bill would authorize a California Automobile Assigned Risk Plan (plan) certified producer to accept and process an application to purchase low-cost automobile insurance policies through an Internet Web site, as provided. The bill would require the plan to coordinate with the Department of Insurance in order to develop a system for receiving and assigning policies issued through Internet Web sites, and would provide that the plan may request, and the department may include in its plan submitted to the Legislature the use of $50,000 from the department's existing consumer outreach fund for the sole purpose of implementing these provisions. The bill would require the plan, subject to the approval of the Insurance Commissioner, to establish and maintain, or contract with an entity, by way of an open bidding process, to establish and maintain, an Internet Web site to refer or assign, at the consumer's option, persons to certified agents or brokers, for the purchase of a low-cost automobile insurance policy. The bill would also provide that the plan may request and the department may include in its plan submitted to the Legislature, that up to $100,000 from the department's existing consumer outreach fund be made available for development of the Primary California Low-Cost Auto Web Site. This bill would prohibit a low-cost automobile insurance policy applicant from being required to provide a copy of his or her, or other household member's, driver's license, if the department finds another suitable means of verifying the driver's licensure. (2) Existing law requires the Department of Motor Vehicles to suspend, cancel, or revoke the registration of a vehicle if the financial responsibility requirements have not been met. Existing law requires the department, prior to suspending, canceling, or revoking the registration of a vehicle, to notify the vehicle owner of its intent to suspend, cancel, or revoke the registration, and to provide in the notification document in plain, boldface type not less than 12 point in size, and in both English and Spanish, a statement that a program offering affordable automobile insurance to low-income households has been established. This bill would revise this statement and rename the program as "California Low-Cost Auto Insurance" and would require that the statement include an Internet Web site address, a toll-free telephone number, and eligibility requirements for applicants.
Existing law, the California Uniform Controlled Substances Act, classifies controlled substances into 5 designated schedules, with the most restrictive limitations generally placed on controlled substances classified in Schedule I, and the least restrictive limitations generally placed on controlled substances classified in Schedule V. Under existing law, the sale or distribution of specified intoxicating substances is a crime, punishable by imprisonment or a fine or both. Existing law makes the possession of not more than 28.5 grams of marijuana an infraction, and the possession of more than 28.5 grams of marijuana a misdemeanor, as specified. Existing law makes possession of marijuana for sale a felony. This bill would make it a misdemeanor to sell, dispense, distribute, furnish, administer, or give, or offer to sell, dispense, distribute, furnish, administer, or give, or possess for sale any synthetic cannabinoid compound or any synthetic cannabinoid derivative. Because this bill would create a new crime it would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
This measure would recognize October 2011 as Domestic Violence Awareness Month and urge all Californians to take a stand against domestic violence.
This measure would urge the United States government to consider the California jobs and economic stimulus provided by the California floriculture industry when advancing free trade agreements, specifically with Colombia.
This measure would proclaim February 28, 2011, as Rare Disease Day.
This measure would honor and recognize the service and sacrifice made by members of the Armed Forces and their families on the occasion of Armed Forces Day on May 21, 2011.
This measure would express the Legislature's apology, on behalf of the people of the state, for violations of the civil liberties and constitutional rights of Filipino Americans caused by antimiscegenation laws that precluded marriage between Filipinos and Caucasians, and its regret, on behalf of the people of the state, for the suffering and hardship endured by Filipino Americans as a result of governmental actions taken because of various policies and laws it enacted.