Today's Law As Amended


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AB-1430 State government: public investment opportunities: cost-effective definition.(2019-2020)



As Amends the Law Today


SECTION 1.
 (a) By January 1, 2021, the Public Utilities Commission, the State Air Resources Board, the California Transportation Commission, and the Labor and Workforce Development Agency shall provide to the Legislature, in compliance with Section 9795 of the Government Code, a joint assessment of options for redefining the term “cost-effective” for the purposes of prioritizing public investment opportunities. In assessing the options for redefining “cost-effective,” the agencies shall consider the impact that investments would have on the following factors:
(1) Economic, environmental, and public health benefits to the state.
(2) Energy or transportation costs to households.
(3) Alignment with other state programs or priorities.
(b) The agencies named in subdivision (a) shall conduct a joint public process for completing the assessment and shall solicit comments from interested stakeholders.
(c) Pursuant to Section 10231.5 of the Government Code, this act is repealed on January 1, 2025.