96.08.
(a) Notwithstanding any other provision of this chapter, in the 2001–02 fiscal year and each fiscal year thereafter, those property tax revenues derived from the local assessment of either a locally approved new electric power generation facility or a locally approved new modification of an existing electric power generation facility, that are otherwise required to be allocated among school entities, shall instead be allocated exclusively to either the county, if the primary power-generating operation of the subject facility is located in the county, or to the city in which the primary power-generating operation of that facility is located.(b) For purposes of this section:
(1) “Electric power generation facility” means, for any fiscal year for which this section applies, an improvement to real property in the form of any electric transmission line, thermal powerplant, wind electrical generating facility, hydroelectric electrical generating facility, or solar photovoltaic electrical generating facility regulated according to Division 15 (commencing with Section 25000) of the Public Resources Code. “Electric power generation facility” also means, for any fiscal year during which this section applies, an improvement to real property in the form of an electric transmission line and thermal powerplant, electric transmission line and wind electric generating facility, electric transmission line and hydroelectric electrical generating facility, or electric transmission line and solar photovoltaic electrical generating facility regulated according to Division 15 (commencing with Section 25000) of the Public Resources Code. “Electric power generation facility” does not include an electric power generation facility that is located in a redevelopment project area.
(2) “Modification of an existing electric power generation facility” means, for any fiscal year for which this section applies, an improvement to real property in the form of any alteration, replacement, or improvement of equipment that results in a 50 megawatt or more increase in the electric generating capacity of an existing thermal powerplant, wind electrical generating facility, hydroelectric electrical generating facility, or solar photovoltaic electrical generating facility. “Modification of an existing electric power generation facility” also means, for any fiscal year during which this section applies, an improvement to real property that results in an increase of 25 percent or more in the peak operating voltage or peak kilowatt capacity of an existing electric transmission line. “Modification of an existing electric power generation facility” does not include any modifications to an electric power generation facility that is located in a redevelopment project area.
(3) “New electric power generation facility” means an electric power generation facility that is completed and first placed in service on or after July 1, 2001.
(4) “New modification of an existing electric power generation facility” means a modification of an existing electric power generation facility that occurs on or after July 1, 2001.
(5) New electrical generation property is located in a county only if it is located within the unincorporated area of that county.
(c) For the 2002–03 fiscal year and each fiscal year thereafter, the amounts allocated to jurisdictions under subdivision (a) of Section 96.1 shall fully reflect the allocation modifications required by subdivision (a) for a prior fiscal year.
(d) It is the intent of the Legislature that a county or city that receives additional property tax revenues pursuant to subdivision (a) of Section 96.08 consider the following factors:
(1) The impact on the neighborhood immediately surrounding the new or modified electric power generation facility.
(2) The impact on neighboring jurisdictions of the new or modified electric power generation facility.
(e) Each reduction resulting from the implementation of subdivision (a) in the amount of ad valorem property tax revenues deposited in the county’s Educational Revenue Augmentation Fund shall be applied exclusively to reduce the amounts that are allocated from that fund to school districts and county offices of education, and may not be applied to reduce the amounts of ad valorem property tax revenues that are allocated from that fund to special education programs or to community college districts.