Today's Law As Amended

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AB-2011 CalConserve Water Conservation Retrofit Program.(2011-2012)

As Amends the Law Today

 It is the intent of the Legislature, in requiring the establishment of the CalConserve program, to create a sustainable funding source for water use efficiency retrofits. It is the further intent of the Legislature that CalConserve help urban retail water suppliers achieve compliance with water use reduction mandates in Section 10608.24 of the Water Code, and help homeowners and commercial, industrial, and institutional entities voluntarily achieve compliance with state-mandated standards for water use efficiency for indoor and outdoor appliances.

SEC. 2.

 Section 79784.5 is added to the Water Code, to read:

 Of the funds made available in Section ____ for water conservation and water use efficiency plans, projects, and programs, upon appropriation by the Legislature from the fund, up to fifty million dollars ($50,000,000) shall be allocated to the department to establish the CalConserve Water Conservation Retrofit Program. The water conservation retrofit program shall provide grants to local water agencies for the implementation of local and regional water conservation revolving loan programs that assist customers within the service area of the water agency to carry out water use efficiency retrofit projects, consistent with Section ____, and in accordance with the following:
(a) The department shall develop program criteria to maximize local and statewide conservation and water use efficiency benefits, including, but not limited to, geographic distribution of funds and minimum requirements for local revolving loan programs to ensure the grants help create a sustainable funding source for water use efficiency retrofits.
(b) As a condition of the grant to the local water agency, the department shall require the following:
(1) (A) A local agency receiving funds pursuant to this section shall provide not less than a 30 percent cost share from nonstate sources to support the water conservation retrofit program.
(B) A local agency receiving funds pursuant to this section shall agree to maintain the minimum revolving loan program requirements established by the department.
(2) A local water conservation retrofit program shall maximize the local and statewide conservation and water use efficiency benefits and shall be consistent with an adopted integrated regional water management plan.
(3) An eligible retrofit project may include, but is not limited to, a project that voluntarily retrofits a landscape to meet the standards of the state model water efficient landscape ordinance or a local water efficient landscape ordinance adopted pursuant to subdivision (c) of Section 65595 of the Government Code.
(4) Loansover a term not longer than 15 years or the useful life of the constructed project or installed equipment or device, whichever is shorter, and may be repaid in equal installments added to a customer’s regular bill.
(c) The department shall annually establish the interest rate for loans made pursuant to this chapter at 50 percent of the average interest rate, computed by the true interest cost method paid by the state on general obligation bonds issued in the prior calendar year.
(d) The local water agency may charge a reasonable administration fee to be paid along with the capital and interest on the loan over the lifetime of the loan.
SEC. 3.
 (a) This act shall become operative only if Section ___ is added to the Water Code by a general obligation bond act approved by the voters at a statewide general election.
(b) This act shall remain in effect only until January 1, 2015, and as of that date is repealed, unless a later enacted statute, that is enacted before January 1, 2015, deletes or extends that date.