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arbcombo -- Notice of Public Hearing for the April 25, 2013 - Release of Draft Cap and Trade Auction Proceeds Investment Plan Fiscal Years 2013-14

Posted: 16 Apr 2013 12:33:39
The Administration has posted the Draft Cap-and-Trade Auction
Proceeds Investment Plan: Fiscal Years 2013-14 through 2015-16.
The purpose of this three-year Draft Plan is to evaluate the
opportunities for greenhouse gas emission reductions, and
identify priority State investments to help achieve greenhouse
gas reduction goals and yield valuable co-benefits in furtherance
of the purposes of AB 32.  This plan will be presented at a
public hearing scheduled for April 25, 2013.  For the Public
Meeting Agenda, see

The Board Hearing Notice and Draft Investment Plan are available
on ARB’s website at:

Background:  As defined in statute, the draft investment plan was
developed by the Department of Finance (Finance) in consultation
with ARB and other State agencies.  The Draft Plan provides
recommended priority investments for consideration by the
Legislature during the annual budget appropriation process.  The
intent is to provide information on potential investments that
further the purposes of AB 32, the California Global Warming
Solutions Act of 2006 (Assembly Bill 32 (AB 32); Nunez, Chapter
488, Statutes of 2006), and meet the requirements of additional
implementing legislation enacted in 2012 (AB 1532 (Pérez, Chapter
807), Senate Bill (SB) 535 (De León, Chapter 830), and SB 1018
(Budget and Fiscal Review Committee, Chapter 39)).  Potential
investments with auction proceeds are required to further the
objectives of AB 32 and should also deliver multiple co-benefits
to protect our human and natural resources.  The Draft Plan also
provides maps for the identification of disadvantaged communities
and an approach to comply with the statutory requirements for
these communities, contains accountability principles for
funding, and proposes a framework for implementation of the
priority investments.  Following the public hearing, Finance will
submit a Final Plan to the Legislature as part of the May 2013
budget revise.  Inclusion of a recommended investment in the
Draft or Final Plan does not guarantee funding.  Funding will be
determined by the Legislature and Governor through the annual
Budget Act. 

Date:      April 25, 2013
Time:      9:00 a.m.
Location:  Cal/EPA Building
           1001 I Street, 2nd Floor
           Byron Sher Auditorium
           Sacramento, California 95814

Directions: http://www.calepa.ca.gov/EPABldg/location.htm 

To view the notice for the public hearing and to submit comments
via the docket system

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