California Public Resources Code 25416 – (a) The State Energy Conservation Assistance Account is hereby …
(a) The State Energy Conservation Assistance Account is hereby created in the General Fund. Notwithstanding § 13340 of the Government Code, the account is continuously appropriated to the commission without regard to fiscal year.
(b) The moneys in the account shall consist of all moneys authorized or required to be deposited in the account by the Legislature and all moneys received by the commission pursuant to Sections 25414 and 25415.
Terms Used In California Public Resources Code 25416
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Project: means a purpose for which an allocation may be requested and made under this chapter. See California Public Resources Code 25411
(c) The moneys in the account shall be disbursed by the Controller for the purposes of this chapter as authorized by the commission.
(d) The commission may contract and provide grants for services to be performed for eligible institutions. Services may include, but are not limited to, feasibility analysis, project design, field assistance, and operation and training. The amount expended for those services shall not exceed 10 percent of the unencumbered balance of the account as determined by the commission on July 1 of each year.
(e) The commission may make grants to eligible institutions for innovative projects and programs. Except as provided in subdivision (d), the amount expended for grants shall not exceed 5 percent of the annual unencumbered balance in the account as determined by the commission on July 1 of each fiscal year.
(f) The commission may charge a fee for the services provided under subdivision (d).
(g) Notwithstanding any other law, the Controller may use the State Energy Conservation Assistance Account for loans to the General Fund as provided in Sections 16310 and 16381 of the Government Code.
(h) (1) A subaccount is hereby created within the State Energy Conservation Assistance Account to track the award and repayment of loans, including principal, interest, and interest earnings on or accruing to the subaccount, made with moneys transferred to the account from the Greenhouse Gas Reduction Fund, created pursuant to § 16428.8 of the Government Code. Notwithstanding § 13340 of the Government Code, the moneys in the subaccount are hereby continuously appropriated to the commission without regard to fiscal year.
(2) Moneys deposited in the subaccount may be used for loans only for projects in buildings owned and operated by a state agency or entity, including, without limitation, the University of California and California State University.
(3) Notwithstanding § 39718 of the Health and Safety Code, a repayment of a loan made pursuant to this chapter with moneys transferred from the Greenhouse Gas Reduction Fund shall be deposited in the subaccount and shall be available for a loan made to an entity eligible for these moneys pursuant to this subdivision.
(i) (1) A subaccount is hereby created in the State Energy Conservation Assistance Account to track the award and repayment of loans to tribes, including principal, interest, and interest earnings on or accruing to the subaccount. Notwithstanding § 13340 of the Government Code, the moneys in the subaccount are continuously appropriated to the commission without regard to fiscal year.
(2) Moneys deposited in the subaccount shall be used for loans only to tribes.
(3) The commission may transfer moneys from the account to provide funding for the subaccount or transfer moneys from the subaccount to the account.
(Amended by Stats. 2021, Ch. 226, Sec. 7. (AB 33) Effective January 1, 2022. Repealed as of January 1, 2028, pursuant to Section 25421.)