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AB-1046 Air Quality Improvement Program: Clean Vehicle Rebate Project.(2019-2020)

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Date Published: 07/05/2019 10:00 AM
AB1046:v95#DOCUMENT

Amended  IN  Senate  July 05, 2019
Amended  IN  Senate  June 20, 2019
Amended  IN  Assembly  April 30, 2019
Amended  IN  Assembly  April 08, 2019

CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 1046


Introduced by Assembly Member Ting

February 21, 2019


An act to add Section 44274.8 to the Health and Safety Code, relating to vehicular air pollution.


LEGISLATIVE COUNSEL'S DIGEST


AB 1046, as amended, Ting. Air Quality Improvement Program: California Electric Vehicle Initiative. Clean Vehicle Rebate Project.
Existing law establishes the Air Quality Improvement Program that is administered by the State Air Resources Board for the purposes of funding projects related to, among other things, the reduction of criteria air pollutants and improvement of air quality. Pursuant to its existing statutory authority, the state board has established the Clean Vehicle Rebate Project, as a part of the Air Quality Improvement Program, to promote the use of zero-emission vehicles by providing rebates for the purchase of new zero-emission vehicles.
This bill would establish the California Electric Vehicle Initiative to be administered by the state board to provide financial incentives to the market to achieve a statewide deployment of 5,000,000 electric vehicles by December 2030. The bill would require the state board to develop a plan to provide for the continuous funding of the California Electric Vehicle Initiative, Clean Vehicle Rebate Project, as specified. The bill would authorize the Treasurer, upon request by the state board and following approval from the Director of Finance, to securitize revenues for which the state board has existing authority to establish a continuous funding source for the California Electric Vehicle Initiative, Clean Vehicle Rebate Project, as specified.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 44274.8 is added to the Health and Safety Code, to read:
44274.8.

(a)The California Electric Vehicle Initiative is hereby established as part of the Air Quality Improvement Program to be administered by the state board to provide financial incentives to the market to achieve a statewide deployment of 5,000,000 electric vehicles by December 2030.

(b)(1)

44274.8.
 (a) (1) The state board shall develop a plan to provide for the continuous funding of the California Electric Vehicle Initiative. Clean Vehicle Rebate Project established as part of the Air Quality Improvement Program. The continuous funding plan may include, but need not be limited to, taxpayer-neutral financing options to derive immediate value for point-of-sale rebates from a cashflow stream of current and future funding sources.
(2) The continuous funding plan shall not include moneys recovered from ratepayers by electrical or gas corporations.

(c)

(b) (1) Upon request by the state board and following approval from the Director of Finance, the Treasurer may securitize revenues for which the state board has existing authority to establish a continuous funding source for the California Electric Vehicle Initiative. Clean Vehicle Rebate Project established as part of the Air Quality Improvement Program.
(2) Prior to the required approval from the Director of Finance pursuant to paragraph (1), the state board shall provide the director all of the following:
(A) A rebate structure, which shall include a plan that gradually reduces the rebate dollar level per vehicle to zero over a set of steps of increasing vehicle volume, designed to achieve support the deployment of 5,000,000 zero-emission vehicles in the state by December 2030.
(B) A starting rebate level for all battery electric vehicles and hydrogen fuel cell vehicles, designated as the benchmark rebate level, in an amount that does not exceed seven thousand five hundred dollars ($7,500) per vehicle.
(C) Rebate levels, if any, for plug-in hybrid electric vehicles that reflect, relative to the benchmark rebate level, those vehicles’ contribution to achieving the state’s greenhouse gas and air pollution emissions reduction goals.
(D) An estimate of the total amount of money to be paid as rebates between July 1, 2020, and the date at which 5,000,000 zero-emission vehicles have been are expected to be deployed.
(3) The Department of Finance shall specify a funding plan to maintain funding levels for any program impacted by this subdivision.

(d)

(c) This section does not provide the state board new authority to establish new revenue sources.