Today's Law As Amended


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AB-2334 Electricity rates: economic development pilot program: former military bases.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 740.45 is added to the Public Utilities Code, immediately following Section 740.4, to read:

740.45.
 (a) The commission shall direct and supervise the implementation and administration, by electrical corporations, of an economic development pilot program to encourage new business activity at three former military bases closed as a result of the base realignment and closure process.
(b) The pilot program shall be administered by an electrical corporation for seven years following its implementation at the former military base.
(c) The pilot program shall include one former military base in northern California, one former military base in central California, and one former military base in southern California. The bases shall be selected for participation in the pilot program based on local economic need, including, but not limited to, higher unemployment rates than the state average and median income that is lower than the state average.
(d) The discount provided pursuant to the pilot program shall be provided to eligible new and existing businesses and shall be consistent with discounts offered by economic development programs approved by the commission.
(e) Each electrical corporation shall annually report to the commission all of the following:
(1) The total amount of the annual discounts given at each pilot program site.
(2) The number and types of new businesses created as a result of the pilot program during the prior year at each site.
(3) The total number of jobs created by new businesses as a result of the pilot program during the prior year at each site.
(4) The average salary and benefits of the jobs created by new businesses as a result of the pilot program during the prior year at each site.
(f) The commission shall annually compile the information and report the results of the pilot program to the Legislature. The report shall be submitted in compliance with Section 9795 of the Government Code.
(g) This section shall remain in effect only until January 1, 2024, and as of that date is repealed, unless a later enacted statute, that is enacted before January 1, 2024, deletes or extends that date.
SEC. 2.
 No reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because the only costs that may be incurred by a local agency or school district will be incurred because this act creates a new crime or infraction, eliminates a crime or infraction, or changes the penalty for a crime or infraction, within the meaning of Section 17556 of the Government Code, or changes the definition of a crime within the meaning of Section 6 of Article XIII B of the California Constitution.