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 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 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.
The bill would prohibit the department from funding a loan under
the program until it determines that the applicant has obtained all
significant, as determined by the 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.
Comments/questions on SB 390 (Kehoe): Solid waste: recycling market development.
