LEGISLATIVE COUNSEL'S DIGEST


SB 390, as amended, Kehoe. Solid waste: recycling market
development.
(1) The California Integrated Waste Management Act of 1989, which
is administered by the California Integrated Waste
Management Board, Department of Resources Recycling
and Recovery establishes an integrated waste management
program. The act creates the Recycling Market Development Revolving
Loan Subaccount in the Integrated Waste Management Account and
continuously appropriates the funds deposited in the subaccount to
the board department for making loans
for the purposes of the Recycling Market Development Revolving Loan
Program (program). Existing law makes the provisions regarding the
loan program, the creation of the subaccount, and expenditures
therefrom inoperative on July 1, 2011, and repeals them as of January
1, 2012, and provides for disposition of funds remaining after
inoperation and repeal.
This bill would define the term "department" for purposes of
the act. prohibit
The bill would prohibit the board
department from funding a loan under the program until it
determines that the applicant has obtained all significantly
significant , as determined by the
board department , applicable federal, state,
and local permits and would extend the program and the continuous
appropriation to July 1, 2021, and the repeal date to January 1,
2022, thereby making an appropriation.
(2) The act requires, upon authorization by the Legislature in the
annual Budget Act, the Controller to transfer a sum that does not
exceed $5,000,000 from the account to the subaccount as necessary to
meet anticipated loan demand under the program. The act provides that
the transferred amount is a loan to the subaccount, repayable with
interest to the account.
This bill would delete the limitation of the transfer to
$5,000,000 and the requirement that the amount transferred be a loan
to the subaccount, repayable with interest. The bill would
retroactively delete the requirement that the amount transferred from
the account to the subaccount be repaid with interest.
(3) The act requires the board department
under the program to finance by a recycling market development
loan not more than 3/4 of the cost of each project, or not more than
$2,000,000 for each project, whichever is less.
This bill would authorize the board
department , until July 1, 2016, and if the money in the
subaccount is in excess of $5,000,000, to provide loans that do not
exceed the lesser of $5,000,000 or 3/4 of the cost of the project.

(4) The act requires the board to give highest priority for
funding to certain projects and to approve only those loan
applications demonstrating loan repayment ability.

This bill would delete this requirement.