Bill Text: CA AB345 | 2023-2024 | Regular Session | Amended
Bill Title: Habitat restoration: flood control: advance payments.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Passed) 2023-10-10 - Chaptered by Secretary of State - Chapter 647, Statutes of 2023. [AB345 Detail]
Download: California-2023-AB345-Amended.html
Amended
IN
Assembly
March 20, 2023 |
Introduced by Assembly Member Wilson (Coauthor: Senator Dodd) |
January 31, 2023 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Chapter 10 (commencing with Section 550) is added to Division 1 of the Water Code, to read:CHAPTER 10. Advanced Payments for Habitat Restoration and Flood Protection Projects
550.
(a) The department and the board have discretion to provide advance payments to local agencies for projects that have at least one of the following project purposes: restoring habitat for threatened and endangered species under state or federal law or improving flood protection. For a project for which an advanced payment is made pursuant to this section, the amount of funds advanced by the department or the board to the local agency at any one time shall not exceed 25 percent of the entire amount authorized to be provided under the funding agreement with the local agency.(a)The department has discretion to provide advance payments to local agencies for projects that have at least one of the following project purposes: restoring habitat for threatened and endangered species under state or federal law or improving flood protection. The amount of funds advanced by the department to the local agency at any one time shall not exceed 25 percent of the entire amount authorized to be provided under the funding agreement between the department and the local agency. In
light of the state’s interest in these projects, the department may reduce or eliminate any retention that would otherwise be withheld under the funding agreement.
(b)For purposes of this section, “advance payments” are funds that are provided to a local agency before the local agency has incurred expenses in furtherance of a project described in subdivision (a) and that are provided by the department to allow the local agency to fund the project on a cashflow basis.