Patrick O'Donnell
- Democratic
Author
Existing law establishes the Oil Trust Fund in the State Treasury and appropriates the money in the fund to the State Lands Commission commencing when specified conditions are met. Existing law requires the Controller to transfer certain oil-revenue-related moneys to the fund. Existing law requires the commission to expend the money in the fund to finance the costs of well abandonment, pipeline removal, facility removal, remediation, and other costs associated with removal of oil and gas facilities from the Long Beach tidelands. Existing law prohibits the total amount deposited in the fund from exceeding $300,000,000 and requires all interest earned on money in the fund after the balance in the fund totals $300,000,000 to be transferred to the General Fund. This bill would delete the provisions relating to the limit on the total amount deposited in the fund. By increasing the amount of money that may be deposited into a continuously appropriated fund, this bill would make an appropriation.
Chaptered by Secretary of State - Chapter 516, Statutes of 2022.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 4974.).
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0.) (August 11).
From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 8. Noes 0.) (June 1). Re-referred to Com. on APPR.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 67. Noes 0. Page 3368.)
Assembly Rule 63 suspended. (Ayes 48. Noes 16. Page 3365.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 15. Noes 0.) (January 20).
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (January 10). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on NAT. RES. Read second time and amended.
From printer. May be heard in committee February 28.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB353 | HTML |
| 01/28/21 - Introduced | |
| 01/03/22 - Amended Assembly | |
| 08/25/22 - Enrolled | |
| 09/25/22 - Chaptered |
| Document | Format |
|---|---|
| 01/07/22- Assembly Natural Resources | |
| 01/18/22- Assembly Appropriations | |
| 01/24/22- ASSEMBLY FLOOR ANALYSIS | |
| 05/26/22- Senate Natural Resources and Water | |
| 07/29/22- Senate Appropriations | |
| 08/13/22- Sen. Floor Analyses |
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