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The State of California invites you to participate in a series of
public workshops to provide input on the Draft Concept Paper for
the Cap-and-Trade Auction Proceeds Second Investment Plan and
Draft Funding Guidelines for Agencies Administering California
Climate Investments (Greenhouse Gas Reduction Funds).

 The second week in the series of public workshops begins August
10, 2015.  The four remaining workshops are (shown below).  In
each location, representatives from the Administration will
provide an overview of our early investment concepts and will
hear public suggestions.   

OAKLAND
Monday, August 10, 2015 (Evening)

FONTANA
Wednesday, August 12, 2015 (Morning)

LOS ANGELES
Wednesday, August 12, 2015 (Evening)

SAN DIEGO
Thursday, August 13, 2015 (Evening)

The original notice with specific times and locations is posted
on the Air Resources Board’s Auction Proceeds website at: 
http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/2015augworkshopnotice.pdf


INVESTMENT PLAN:
To guide the investment of Cap-and-Trade auction proceeds, the
Department of Finance, in consultation with the Air Resources
Board and other State agencies, is required to submit a three
year Investment Plan to the Legislature which identifies priority
investments that will help California achieve its greenhouse gas
reduction goals while realizing additional health, economic, and
environmental benefits.  Currently, the Second Investment Plan is
being developed by the Administration, and will cover Fiscal
Years 2016-17 through 2018-19.  The Draft Concept Paper for the
Second Investment Plan presents preliminary high level ideas and
draft funding priorities for public discussion.

The Draft Concept Paper for the Second Investment Plan is posted
at:  http://www.arb.ca.gov/investmentplan.  At the series of
public workshops, the Administration will introduce and discuss
the Draft Concept Paper.  Written comments are due September 1,
2015.  Public feedback received at the workshops and in writing
will inform the preparation of a Draft Second Investment Plan,
which will be presented at a second series of workshops and a
public hearing later this year.  The Final Second Investment Plan
is due from the Department of Finance to the Legislature in
January 2016.

FUNDING GUIDELINES:
Each year, the Governor and Legislature determine which State
agencies and programs will receive appropriations from the
Greenhouse Gas Reduction Fund to invest in projects that reduce
greenhouse gases, consistent with the three year Investment Plan.
 State law requires the Air Resources Board to develop guidance
for all State agencies that receive appropriations, including
guidance on reporting, quantification methods, and maximizing
benefits to disadvantaged communities.  To comply with this law,
the Air Resources Board is developing Funding Guidelines to help
these agencies use their 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.

The Draft Funding Guidelines and a short supplement are available
at: 
http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/fundingguidelines.htm.
 At the series of public workshops, Air Resources Board staff
will discuss the Draft Funding Guidelines.  Public feedback
received will inform the preparation of the proposed Funding
Guidelines, which will be presented at an Air Resources Board
public hearing on September 24-25, 2015.

For additional information on the State’s investment of
Cap-and-Trade auction proceeds, please visit: 
http://www.arb.ca.gov/auctionproceeds.

BACKGROUND:
Assembly Bill 32, the California Global Warming Solutions Act of
2006 (AB 32; Nunez, Chapter 488, Statutes of 2006) is a
comprehensive, multi-year program to reduce greenhouse gas
emissions in California.  The Air Resources Board has adopted a
Scoping Plan and, together with other State and local agencies,
has developed and implemented numerous regulations and programs
to reduce emissions and meet AB 32 goals.



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