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auctionproceeds -- Cap-and-Trade Auction Proceeds - Funding Guidelines Supplement for FY 2016-17 Funds

Posted: 30 Dec 2016 16:21:46
The Air Resources Board (ARB or Board) has published guidelines
for agencies administering Cap-and-Trade Auction Proceeds.  In
September 2016, the Legislature and Governor appropriated
approximately $900 million in auction proceeds to administering
agencies to fund projects that reduce greenhouse gas emissions
and provide other co-benefits.  By statute, ARB is required to
develop guidelines for agencies administering Cap-and-Trade
auction proceeds appropriations.  The Funding Guidelines
Supplement for Fiscal Year (FY) 2016-17 Funds (Supplement)
released today provides updates to ARB’s existing guidelines
(published in December 2015).  The Supplement includes updated
disadvantaged community investment targets for all FY 2016-17
budget appropriations.  The Supplement also provides criteria to
determine whether projects funded by the new 
FY 2016-17 appropriations will provide benefits to disadvantaged
communities.  The Supplement is available here:
www.arb.ca.gov/cci-fundingguidelines.   

BACKGROUND:
In accordance with Senate Bill 862 (Chapter 36, Statutes of
2014), ARB must develop funding guidelines for State agencies,
local transit agencies, and academic institutions (administering
agencies) that receive a direct appropriation of Cap-and-Trade
auction proceeds.  To comply with this law, the Board approved,
and ARB released, the final version of the Cap-and-Trade Auction
Proceeds, Funding Guidelines for Agencies that Administer
California Climate Investments in December 2015.  These
guidelines provide direction to administering agencies to use
appropriations in a way that reduces greenhouse gases, furthers
the purposes of Assembly Bill 32, maximizes benefits to
disadvantaged communities, and meets the other statutory
requirements of the fund.  

SPECIAL ACCOMMODATION:
If you require a special accommodation or need this document in
an alternate format (i.e., Braille, large print) or another
language, please contact Rachel Pallatin at: 
(916) 324-3502 or rachel.pallatin@arb.ca.gov as soon as possible.
 TTY/TDD/Speech to Speech users may dial 711 for the California
Relay Service.



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