AgdaPkt 2007-07-09 - Laserfiche WebLink

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7A Page 4 Related Leoislation and Current Status: The allocation of the Prop. 1B locar street and road funds is being held as an open item in the Joint Senate-Assembly Budget Conference Committee and will require further debate. The League of California Cities continues to advocate for the allocation of the full $1 billion for cities in FY 2007-08. The League is also sponsoring SB 286 (Lowenthal) to provide a framework for the program and establish accountability and oversight for use of the bond money. S8 286 passed off the Senate floor with bipartisan support and is being held at the Assembly Desk due to current budget negotiations and its potential incorporation into budget trailer bill language. There are two measures in the Legislature that attempt to define the $1 billion State-Local Partnership Program which requires a local match to access bond funds - AB 1351 (Levine) and SB 748 (Corbett). These bills differ in the criteria for eligible matching funds. AB 1351 includes only sales tax dedicated to transportation as a match, thus limiting the program only to "self-help" counties. SB 748 broadens the local match to also include all voter approved taxes and fees, bridge tolls and Uniform Developer fees. The $3.1 billion "goods movement" and air quality program are encompassed in Sen. Lowenthal's SB 9 and SB 19. Both measures passed out of the Senate and are with the Assembly Transportation Committee. It has yet to be determined if they will be incorporated into budget trailer language or debated further to define the "goods movement" program under Prop. 1 B. ProposItion 1C: This measure allocates $2.85 billion for housing projects. Approximately half of the bond, $1.45 billion, will fund existing programs including the Multifamily Housing Program (MHP), Emergency Housing Assistance Program (EHAP), and Building Equity and Growth in Neighborhoods (BEGIN) program. The remaining $1.4 billion is designated for infill infrastructure ($850 million), parks ($200 million), transit-oriented development ($300 million), and innovative programs ($100 million). Related Leoislation and Current Status: Who is eligible to apply for infill infrastructure funding is one of the outstanding issues of significance. The infifl infrastructure fund has attracted the most legislative attention with two bills emerging as the frontrunners. AS 1053 (Nunez) would distribute $450 million to a competitive infrastructure program administered by the California Department of Housing and Community Development (HCD). The remaining $400 million would be divided evenly between the Infrastructure Bank, a workforce housing program administered by HCD, MHP, and the Cal-Reuse Brownfields program. As a result, a total of $750 million will go directly to local agencies for infrastructure related to housing. SB 46 (Perala) would create a single competitive grant program for infill infrastructure and affordable housing that can be applied for by local governments and nonprofit housing developers. Proposition 84: This measure allocates $5.4 billion for improving natural resources and water programs including state projects and flood control. safe drinking water, water quality improvement, integrated water management, water planning and sustainable communities. Related Leoislation and Current Status: Before the funds can be released, the elements that fall under $580 million for climate change must be defined further. This includes $90 million for incentives for planning, how to spend the $1 billion allocated to local agencies to meet local water needs, as well as a potential effort to redirect $400 million in park funds to create a per capita grant program. There are several legislative proposals to further refine the allocation of dollars under Prop. 84. 4