Lena Gonzalez
- Democratic
- Senator
- District 33
Author
Existing law establishes rules for how revenue from oil and gas operations on the Long Beach tidelands is divided between the City of Long Beach and the State of California. Existing law establishes the Oil Trust Fund in the State Treasury and appropriates the moneys in the fund to the State Lands Commission commencing when specified requirements are met. Existing law requires the commission to expend the moneys 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 that are not the responsibility of other parties. Existing law requires the Controller to transfer certain oil-revenue-related moneys to the fund, including, on the last day of each month beginning January 31, 2023, a transfer to the fund for the amount of $2,000,000 or 50% of remaining oil revenue from the City of Long Beach, as provided, whichever is less. This bill would instead require the Controller, on the last day of each month beginning January 31, 2025, to transfer to the fund the amount of $5,000,000 or 50% of remaining oil revenue from the City of Long Beach, whichever is greater, as provided. By increasing the amount of money that may be deposited into a continuously appropriated fund, this bill would make an appropriation. This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State. Chapter 609, Statutes of 2024.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Urgency clause adopted. Passed. (Ayes 76. Noes 0. Page 6700.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 14. Noes 0.) (August 15).
July 2 set for first hearing. Placed on suspense file.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 10. Noes 0.) (June 17). Re-referred to Com. on APPR.
In Assembly. Read first time. Held at Desk.
Read third time. Urgency clause adopted. Passed. (Ayes 38. Noes 0. Page 4211.) Ordered to the Assembly.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 3983.) (May 16).
Set for hearing May 16.
April 29 hearing: Placed on APPR suspense file.
Set for hearing April 29.
From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 10. Noes 0. Page 3608.) (April 15). Re-referred to Com. on APPR.
Set for hearing April 15.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 18.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1425 | HTML |
| 02/16/24 - Introduced | |
| 03/18/24 - Amended Senate | |
| 05/16/24 - Amended Senate | |
| 08/30/24 - Enrolled | |
| 09/25/24 - Chaptered |
| Document | Format |
|---|---|
| 04/11/24- Senate Natural Resources and Water | |
| 04/26/24- Senate Appropriations | |
| 05/16/24- Senate Appropriations | |
| 05/18/24- Sen. Floor Analyses | |
| 06/14/24- Assembly Natural Resources | |
| 06/28/24- Assembly Appropriations | |
| 08/19/24- ASSEMBLY FLOOR ANALYSIS |
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