Legislation seeks to put energy efficiency bonds measures on ballot

By CMTA Staff

Capitol Update, Feb. 29, 2008 Share this on FacebookTweet thisEmail this to a friend

Two bills have been introduced authorizing the issuance and sale of state general obligation bonds related to renewable power and energy efficiency.  Both would be subject to voter approval on the November 4, 2008 statewide general election ballot.
 
AB 2003 (Lori Saldana, D-San Diego) enacts the Climate Protection and Energy Efficiency Bond Act of 2008, with $2 billion in bond authority, to assist the state in meeting the requirements of the Global Warming Solutions Act signed into law in 2006 (AB32, Fabian Nunez, D-Los Angeles). 
 
$1 billion is earmarked for expanding the development and use of solar, wind, and geothermal energy, fuel cells "and other [unspecified] energy generating technologies,"  with an additional $500 million going to low-income weatherization and other energy conservation and efficiency projects for low-income communities and $500 million for projects to improve the energy efficiency of state buildings.
 
SB 1670 (Christine Kehoe, D-San Diego) enacts the Energy Efficiency and Carbon Reduction Act.  It authorizes $2 billion of state general obligation bonds for implementing programs to reduce the energy purchased by state entities for state-owned and long-term leased buildings.  It assists state entities in retrofitting state-funded buildings with the goal of assuring energy and resource consuming equipment are installed and operated at optimal efficiency. It also assists schools in financing energy efficiency measures.
 
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