California Public Resources Code

§ 25471

PRC § 25471 Effective Jun 24, 2015Div. 15 · Ch. 5.7

Statute text

(a)There is hereby created in the State Treasury the Energy Efficient State Property Revolving Fund for the purpose of implementing this chapter. Notwithstanding Section 13340 of the Government Code, the money in this fund is continuously appropriated to the department, without regard to fiscal years, for loans for projects on state-owned buildings and facilities to achieve greater, long-term energy efficiency, energy conservation, and energy cost and use avoidance.

(b)The fund shall be administered by the department. The department may use other funding sources to leverage project loans.

(c)For the 2009–10 fiscal year, the sum of twenty-five million dollars ($25,000,000) shall be transferred into the Energy Efficient State Property Revolving Fund from money received by the commission pursuant to the act to be used for purposes of the federal State Energy Program.

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Legislative history

Amended by Stats. 2015, Ch. 24, Sec. 36. (SB 83) Effective June 24, 2015.