RECOMMENDATION(S):
AUTHORIZE the establishment of a separate interest-bearing account for SB 1383 Local Assistance Grant funding to comply with the grant requirements.
FISCAL IMPACT:
This recommendation will ensure the County is eligible to receive grant funding and that grant funds, along with interest earned from grant funds, will be separate from the General Fund. If approved as recommended, interest on grant funding would be segregated, allocated and expended in a manner consistent with the SB 1383 Local Assistance Grant Funding Guidelines.
BACKGROUND:
Senate Bill 1383, Short-lived Climate Pollutants Reduction, as enacted in 2017 (Lara, Chapter 395, Statutes of 2016), establishes targets to reduce the statewide disposal of organics by 50% by 2020 and 75% by 2025; and requires that not less than 20% of edible food that is currently disposed be recovered for human consumption by 2025. The state has adopted comprehensive regulations as a result of the passage of SB 1383, which impose a wide range of requirements on local jurisdictions (hereinafter referred to as the SB 1383 Regulations).
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