Bill Monning
- Democratic
Author
Existing law creates the California Central Coast State Veterans Cemetery at Fort Ord Endowment Fund (Endowment Fund) in the State Treasury, and requires moneys in the Endowment Fund to be allocated, upon appropriation by the Legislature, to the Department of Veterans Affairs for the annual administrative and oversight costs of the veterans cemetery, as specified, and to generate funding through interest for the veterans cemetery. Existing law requires moneys in the Endowment Fund to be invested to generate ongoing earnings to cover the estimated annual oversight and maintenance costs associated with the veterans cemetery, as provided. This bill would instead require any moneys to be allocated to the department for the nonreimbursable costs of design and construction and the annual operations and maintenance costs of the veterans cemetery for the next 10 years. This bill would allow, but not require, moneys in the fund to be invested to generate ongoing earnings to offset the estimated annual operations and maintenance costs associated with the veterans cemetery. Existing law requires the department to develop and submit a State Veterans Cemetery Grant Program application to the United States Department of Veterans Affairs for the establishment of a veterans cemetery upon the Controller's determination that the Endowment Fund has adequate principal to yield sufficient investment earnings in each year for the next 10 years, from the date of the determination, to fully fund the respective year's administrative and oversight costs, and to fund the estimated costs of developing and submitting the application, as specified. This bill would instead require the department to develop and submit an application upon the Controller's determination that the Endowment Fund has adequate amounts, in addition to funding the estimated costs of developing and submitting the application, to fully fund the nonreimbursable costs of design and construction and the operations and maintenance costs for the next 10 years. This bill would require the Controller to consider the estimated revenues from specified fees expected to be deposited into the Endowment Fund in making this determination. This bill would allow any moneys, if awarded, received from the State Veterans Cemetery Grant Program to be used to reimburse the Endowment Fund for specified allowable costs as established by that program. Existing law authorizes the Director of Finance to transfer up to $1,500,000 as a loan from the General Fund to the Endowment Fund, and requires the loan to be repaid with interest, as provided. This bill would repeal that authorization, and instead make an appropriation of $1,000,000 from the General Fund to the Endowment Fund for the construction of the California Central Coast State Veterans Cemetery at Fort Ord. This bill would require any amounts transferred by the Director of Finance as a loan from the General Fund to the Endowment Fund to be returned to the General Fund. This bill would make technical, conforming changes to change the references to "administrative and oversight" to "operations and maintenance." This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State. Chapter 694, Statutes of 2013.
Approved by the Governor.
Enrolled and presented to the Governor at 4:30 p.m.
Set for hearing September 12.
Assembly amendments concurred in. (Ayes 38. Noes 0. Page 2433.) Ordered to engrossing and enrolling.
From committee: That the Assembly amendments be concurred in. (Ayes 14. Noes 0. Page 2452.)
In Senate. Concurrence in Assembly amendments pending.
From committee: Be re-referred to Com. on B. & F.R. pursuant to Senate Rule 29.10. (Ayes 4. Noes 0. Page 2361.) Re-referred to Com. on B. & F.R.
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10.
Read third time. Urgency clause adopted. Passed. (Ayes 77. Noes 0. Page 3179.) Ordered to the Senate.
Ordered to third reading.
Read third time and amended. (Page 2952.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 12. Noes 0.) (August 30).
Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2.) (June 26). Re-referred to Com. on APPR.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 28. Noes 11. Page 1097.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 2. Page 1009.) (May 23).
Set for hearing May 23.
Placed on APPR. suspense file.
Set for hearing April 22.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 1. Page 486.) (April 10). Re-referred to Com. on APPR.
Set for hearing April 10.
From printer. May be acted upon on or after March 14.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB232 | HTML |
| 02/11/13 - Introduced | |
| 09/03/13 - Amended Assembly | |
| 09/06/13 - Amended Assembly | |
| 09/18/13 - Enrolled | |
| 10/10/13 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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