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

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Date Published: 08/13/2019 10:00 AM
AB1046:v94#DOCUMENT

Amended  IN  Senate  August 13, 2019
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: 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 require the state board to develop a plan to provide for the continuous funding of the 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 Clean Vehicle Rebate Project, as specified. require the state board to provide to the Director of Finance a rebate structure designed to support the deployment of 5,000,000 zero-emission vehicles in the state by December 2030; a starting rebate level for all battery electric vehicles and hydrogen fuel cell vehicles in a specified amount; rebate levels, if any, for plug-in hybrid electric vehicles, as specified; and 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 are expected to be deployed. The bill would require the Department of Finance to specify a funding plan to maintain funding levels for any program impacted by that rebate structure and levels. The bill would require the state board to submit to the Legislature the proposed funding plan and rebate structure and levels.
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) (1) The state board shall develop a plan to provide for the continuous funding of the 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.
(3) The funding plan shall not include a new fee structure on vehicles that varies based on the greenhouse gas emissions of the operation of that vehicle.
(b) (1)Upon request by the state board and following approval from the Director of Finance, It is the intent of the Legislature that, pursuant to a later enacted statute granting the Treasurer this authority, the Treasurer Treasurer, upon request by the state board and following approval from the Director of Finance, may securitize revenues for which the state board has existing authority to establish a continuous funding source for the Clean Vehicle Rebate Project established as part of the Air Quality Improvement Program.

(2)

(c) (1) Prior to the required approval from the Director of Finance pursuant to paragraph (1), a later enacted statute that grants the Treasurer the authority described in subdivision (b), the state board shall provide the director Director of Finance 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 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 are expected to be deployed.

(3)

(2) The Department of Finance shall specify a funding plan to maintain funding levels for any program impacted by this subdivision.

(c)

(d) This section does not provide the state board new authority to establish new revenue sources.
(e) This section does not provide the state board with new authority to assess a penalty, surcharge, or similar cost on a vehicle or a vehicle manufacturer.
(f) (1) The state board shall report to the Legislature the proposed funding plan required pursuant to subdivision (a) and rebate structure and levels required pursuant to subdivision (c).
(2) A report to be submitted pursuant to this subdivision shall be submitted in compliance with Section 9795 of the Government Code.