Archives/Subscribe | | Contact Us June 5, 2012

Assembly Bill 1532 Passed by Assembly

Print Print this Article | Send to Colleague

On May 29, the California State Assembly passed AB 1532, authored by John A. Pérez, 47-26, in favor of creating a Greenhouse Gas Reduction Account. Because Pérez is the Assembly speaker he was able to avoid the Appropriations Committee’s suspense file and push the bill to the Assembly floor for a vote.

The bill requires the monies generated from the Cap-and-Trade program are spent pursuant to the precepts contained in AB 32. However, the bill doesn’t provide precise spending targets. The spending criterion that is present includes investments in research and development, energy efficiency programs and land restoration.

The California Air Resources Board (CARB) and the state’s Department of Finance will provide recommendations to the legislature to determine specific spending in the coming months. This bill is one of many in the state legislature regarding the expenditure of revenue from the cap-and-trade program.


Back to In the View Homepage

Share Share on Facebook Share on Twitter Share on LinkedIn

Crane Pest Control
NMI Industrial Holdings
DeHart Construction Services, Inc.
Tetra Pak Inc.
2485 Natomas Park Dr., Suite 550
Sacramento, CA 95833
Phone: (916) 640-8150
Fax: (916) 640-8156
Footer Logo