Today's Law As Amended


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SB-359 Vehicles: retirement and replacement.(2013-2014)



As Amends the Law Today
As Amends the Law on Nov 25, 2013


SECTION 1.
 (a) The sum of twenty million dollars ($20,000,000) is hereby appropriated to the State Air Resources Board from the moneys transferred from the Vehicle Inspection and Repair Account to the Air Quality Improvement Fund pursuant to subdivision (d) to be expended only for the Clean Vehicle Rebate Project, established pursuant to Article 3 (commencing with Section 44274) of Chapter 8.9 of Part 5 of Division 26 of the Health and Safety Code.
(b) The sum of ten million dollars ($10,000,000) is hereby appropriated to the State Air Resources Board from the moneys transferred from the Vehicle Inspection and Repair Account to the Air Quality Improvement Fund pursuant to subdivision (d) to be expended only for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, established pursuant to Article 3 (commencing with Section 44274) of Chapter 8.9 of Part 5 of Division 26 of the Health and Safety Code.
(c) The sum of ten million dollars ($10,000,000) is hereby appropriated to the State Air Resources Board from the moneys transferred to the Air Pollution Control Fund pursuant to subdivision (e) to be expended only for the Heavy-Duty Vehicle Air Quality Loan Program, administered through the Capital Access Loan Program established pursuant to Article 8 (commencing with Section 44559) of Chapter 1 of Division 27 of the Health and Safety Code.
(d) The sum of thirty million dollars ($30,000,000) shall be transferred by the Controller as a loan from the Vehicle Inspection and Repair Fund to the Air Quality Improvement Fund. No later than June 30, 2016, the loan shall be repaid, from a non-General Fund source, upon appropriation by the Legislature, with interest at the rate earned by the Pooled Money Investment Account at the time of the transfer.
(e) The sum of ten million dollars ($10,000,000) shall be transferred by the Controller as a loan from the Vehicle Inspection and Repair Fund to the Air Pollution Control Fund. No later than June 30, 2021, the loan shall be repaid from the Air Pollution Control Fund with interest at the rate earned by the Pooled Money Investment Account at the time of the transfer.
SEC. 2.
 The sum of eight million dollars ($8,000,000) is hereby appropriated to the Bureau of Automotive Repair in the Department of Consumer Affairs from the Enhanced Fleet Modernization Subaccount in the High Polluter Repair or Removal Account to be expended only for the purposes of Article 11 (commencing with Section 44125) of Chapter 5 of Part 5 of Division 26 of the Health and Safety Code.