Under existing law, education is provided in this state by, in addition to other entities, school districts, county offices of education, community college districts, the California State University, and the University of California.
This bill would establish the Public Education Facilities Renewable Energy Generation Grant Loan Program, the purpose of which would be to provide incentives so that eligible electricity generating systems will offset part or all of a public education facility’s own electrical energy demand through facilities utilizing emerging technologies, as defined.
The bill would require the offices of the Chancellor of the California Community Colleges, the Chancellor of the California State University, and the President of the University of California to administer the program by allocating grants providing loans to public education facilities, as defined, to purchase, install, and operate eligible electricity generating systems. The program would benefit a public education facility by reducing the cost of an eligible system.
The bill would require the offices of the chancellors and the president to determine if a program provision limiting the amount of funds available for any single project is warranted, and to determine how federal, state, or other funds or incentives not related to this bill that are already available, or that may become available, for eligible electricity generating systems, may impact the availability of funds allocated under this bill, if at all.
The bill would establish the Public Education Facilities Renewable Energy Generation Grant Loan Fund in the State Treasury for purposes of the program. The bill would continuously appropriate all moneys deposited in the fund to the Director of Finance for allocation for the purposes of the bill.
The bill would transfer $200,000,000 from the General Fund to the Public Education Facilities Renewable Energy Generation Grant Loan Fund for purposes of the program.