RECOMMENDATION(S):
ADOPT a position of "Oppose Unless Amended" on AB 1550 (Gomez) "Oppose Unless Amended" on AB 1550 (Gomez): Greenhouse Gases: Investment Plan: Communities, a bill that requires 25% of the Greenhouse Gas Reduction Fund be spent on projects located within disadvantaged communities and requires that an additional 25% be spent on projects that benefit low-income households, as recommended by the Legislation Committee.
FISCAL IMPACT:
According to the Assembly Appropriations Committee, this bill has the following State costs:
1) Increased GGRF expenditures in disadvantaged and low-income communities. The Governor's budget proposes appropriating $3.1 billion GGRF funds this year.
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