Today's Law As Amended

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SB-667 Greenhouse gases: recycling infrastructure and facilities.(2019-2020)



SECTION 1.
 (a) The Legislature finds and declares all of the following:
(1) Organic waste is a key source of methane emissions, a powerful climate forcer for greenhouse gases and short-lived climate pollutants that significantly impact air quality, public health, and climate change.
(2) The state has been a leader in advancing policies that drastically divert organic waste from landfills and recycle it, including by mandating a 40-percent reduction in methane emissions by 2030, compared to 2013 levels.
(3) The state is facing a crisis due to international dynamics that have critically impacted our traditional recycling markets.
(4) The state, in coordination with the States of Nevada, Oregon, and Washington, requires a stable, multiyear incentive program that leverages private and other additional public funds to build infrastructure to meet the needs of the state’s organic waste diversion mandate and recycling market crisis.
(b) It is the intent of the Legislature that moneys subsequently appropriated for the Organic Waste Diversion Infrastructure Act of 2019, including, but not limited to, any moneys appropriated from the Greenhouse Gas Reduction Fund, established pursuant to Section 16428.8 of the Government Code, be expended for grants pursuant to Section 42999 of the Public Resources Code, notwithstanding subdivision (a) of Section 42999 of the Public Resources Code, for loans pursuant to Section 42997 of the Public Resources Code, and for financing administered pursuant to Section 44527 of the Health and Safety Code.

SEC. 2.

 Section 44502 of the Health and Safety Code is amended to read:

44502.
 It is the purpose of this division to carry out and make effective the findings of the Legislature and to that end to do all of the following, to the mutual benefit of the people of the state and to protect their health and welfare:
(a) To provide industry within the state, irrespective of company size, with an alternative method of financing in providing, acquiring, developing,  enlarging, or installing facilities for establishing pollution control, providing supplies of clean water, and producing energy from alternative or renewable sources, that are needed to accomplish the purposes of this division.
(b) To assist economically distressed counties and cities to develop and implement growth policies and programs that reduce pollution hazards and the degradation of the environment or promote infill development.
(c) To assist with the financing of the costs of assessment, remedial planning and reporting, technical assistance, and the cleanup, remediation, or development of brownfield sites, or other similar or related costs.
(d) To provide alternative financing for the development of organic waste diversion technologies and infrastructure.

SEC. 3.

 Section 44527 is added to the Health and Safety Code, to read:

44527.
 The authority may provide any alternative financing necessary to implement and administer financial incentive mechanisms, pursuant to Section 42999.6 of the Public Resources Code, for the benefit of public or private participating parties, in accordance with the needs assessment developed pursuant to Section 42999.5 of the Public Resources Code, including, but not limited to, the funding and administration of financial assistance through mechanisms, such as grants, direct loans, forgivable loans, loan loss reserves, loan guarantees, revolving loan funds, loan participation, and other credit facilities.

SEC. 4.

 Section 42999.5 is added to the Public Resources Code, to read:

42999.5.
 (a) This section and Section 42999.6 shall be known, and may be cited, as the Organic Waste Diversion Infrastructure Investment Act of 2019.
(b) The department shall support technology advancement and infrastructure to meet the state’s 2025 organic waste reduction target pursuant to Section 39730.6 of the Health and Safety Code and the state’s recycling goals pursuant to Section 41780.01.
(c) The department shall develop, on or before January 1, 2021, and may amend, a five-year needs assessment to support innovation and technological and infrastructure development, in order to meet the state’s 2025 organic waste reduction target pursuant to Section 39730.6 of the Health and Safety Code and the state’s recycling goals pursuant to Section 41780.01. The needs assessment shall include all of the following:
(1) Identification of technology and infrastructure capacity gaps.
(2) Assessment of the amount of money needed to build the infrastructure necessary to achieve the waste reduction target pursuant to Section 39730.6 of the Health and Safety Code.
(3) Identification of priorities and strategies for financial incentive mechanisms to help achieve the organic waste reduction target pursuant to Section 39730.6 of the Health and Safety Code and the state’s recycling goals pursuant to Section 41780.01.

SEC. 5.

 Section 42999.6 is added to the Public Resources Code, to read:

42999.6.
 (a) On or before June 1, 2021, the department, in coordination with the Treasurer and the California Pollution Control Financing Authority, established pursuant to Section 44515 of the Health and Safety Code, shall develop financial incentive mechanisms, including, but not limited to, loans, incentive payments, credit facilities, pooled bonds, and other financing strategies, to fund and accelerate public and private capital towards organic waste diversion and recycling infrastructure.
(b) (1) There is hereby established in the State Treasury the California Recycling Infrastructure Investment Account, which the California Pollution Control Financing Authority shall administer.
(2) In providing any financial incentives pursuant to this subdivision, the California Pollution Control Financing Authority, in coordination with the department, shall do all of the following:
(A) Ensure that a recipient of a financial incentive or a beneficiary of a financial incentive leverages local, state, federal, and private funding sources to maximize investment in organic waste diversion and recycling infrastructure.
(B) Prioritize projects that have multiple benefits, including, but not limited to, reducing greenhouse gas emissions, increasing solid waste diversion, increasing workforce training and development, reducing collection and recycling costs to local governments, and creating jobs.
(C) Prioritize projects that maximize benefits while minimizing negative consequences to disadvantaged communities, as identified pursuant to Section 39711 of the Health and Safety Code, and to low-income communities, as defined in Section 39713 of the Health and Safety Code.
(D) Seek to achieve a portfolio approach to funding and financing pursuant to this subdivision that supports a diverse set of projects.
(c) The Treasurer, in coordination with the department, shall coordinate with the States of Nevada, Oregon, and Washington on infrastructure financing to support the recycling needs of the region and shall create an advisory stakeholder committee to support development of interstate recycling infrastructure and markets for recyclable materials.