99170.
(a) The California Energy Commission shall administer, in coordination with the Public Utilities Commission, the Office of the President of the University of California, the Office of the Chancellor of the California State University, and the Office of the Chancellor of the California Community Colleges, grants, loans, or other financial assistance to the University of California, the California State University, and the California Community Colleges for projects that create jobs in California by reducing energy demand and consumption at eligible institutions in accordance with this section.(b) One For
each fiscal year that revenue is deposited into the Clean Energy Job Creation Fund, up to one hundred fifty-two million dollars ($152,000,000) is appropriated for purposes of this section for each of the 2013–14 to 2017–18 fiscal years,
inclusive, from the Clean Energy Job Creation Fund to the California Energy Commission in each fiscal year when funds in at least that amount are transferred to the Clean Energy Job Creation Fund pursuant to Section 26205 of the Public Resources Code, shall be available, upon appropriation by the Legislature, for purposes of this chapter, in accordance with all of the following:
(1) Not more than seventy million dollars ($70,000,000) shall be allocated for the University of California.
(2) Not more than thirty-two million dollars ($32,000,000) shall be allocated for the California State University.
(3) Not more than fifty million dollars ($50,000,000) shall be allocated for the California Community Colleges.
(c) To implement this section, the California Energy Commission shall do all of the following:
(1) Administer grants, loans, or other financial assistance to projects that satisfy the criteria in Section 26206 of the Public Resources Code.
(2) Ensure that both of the following occur:
(A) For each segment of public higher education, not more than 50 percent of funds appropriated pursuant to subdivision (b) shall be used for grants. These grants shall support proposals for which at least one dollar ($1) of funding from other sources is provided for
every dollar granted pursuant to this chapter.
(B) For each segment of public higher education, not less than 50 percent of funds appropriated pursuant to subdivision (b) shall be used for financing low-interest loans, loan loss reserves, and revolving loan funds.
(3) Utilize existing resources, programs, and expertise to the extent possible.
(4) (A) Establish a system to prioritize eligible institutions for loans and other financial assistance through this section in consultation with the Office of the President of the University of California, the Office of the Chancellor of the California State University, and the Office of the Chancellor of the California Community Colleges.
(B) The process of prioritization under this subdivision shall take into consideration, but not necessarily be limited to consideration of, all of the following factors:
(i) The potential for demand reduction.
(ii) The duration of the payback period.
(iii) The amount of flexibility a project will create for local budgets.
(C) The financing of loans under this section shall be prioritized over matching grants.
(d) The California Energy Commission shall ensure that adequate energy audit, measurement, and verification procedures are
employed to ensure that energy savings and greenhouse gas emissions reductions occur as a result of any grants, loans, or other financial assistance provided pursuant to this section.
(e) It is the intent of the Legislature that monetary savings at eligible institutions from retrofit and installation projects pursuant to this section be used to benefit students and learning at those institutions.