DIVISION 1.5. CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT [3300. - 3383.]
Division 1.5 added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1.
§§ 3300–3383 · 40 sections
CHAPTER 1. General Provisions and Definitions §§ 3300–3304 · 4 sections
- § 3300 The Legislature finds and declares that in order to furnish the citizens of California with reliable, affordable electrical power, to ensure sufficient power…
- § 3301 This division shall be known and may be cited as the California Consumer Power and Conservation Financing Authority Act.
- § 3302 As used in this division, unless the context otherwise requires, the following terms have the following meanings: (a) “Act” means the California Consumer Power…
- § 3304 Any action taken pursuant to this division is exempt from the Administrative Procedure Act, as defined in Section 11370 of the Government Code.
CHAPTER 2. Purpose of the California Consumer Power and Conservation Financing Authority § 3310 · 1 section
- § 3310 The authority may only exercise its powers pursuant to Article 4 (commencing with Section 3340) of Chapter 3 for the following purposes: (a) Establish,…
CHAPTER 3. The California Consumer Power and Conservation Financing Authority §§ 3320–3369.5 · 29 sections
ARTICLE 1. Creation of the Authority § 3320 · 1 section
- § 3320 (a) There is hereby created in the state government the California Consumer Power and Conservation Financing Authority, which shall be responsible for…
ARTICLE 2. Board of Directors §§ 3325–3328 · 4 sections
- § 3325 (a) The authority shall be governed by a five-member board of directors that shall consist of the following persons: (1) Four individuals appointed by the…
- § 3326 (a) The members of the board shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)) of the Government Code, and all…
- § 3327 Meetings of the board shall be open to the public and shall be conducted in accordance with the Bagley-Keene Open Meeting Act (Article 9 (commencing with…
- § 3328 The California Public Records Act (Division 10 (commencing with Section 7920.000) of Title 1 of the Government Code) applies to all records of the authority.
ARTICLE 3. Chief Executive Officer § 3330 · 1 section
- § 3330 The chief executive officer shall manage and conduct the business and affairs of the authority and the fund subject to the direction of the board. Except as…
ARTICLE 4. Powers of the Authority §§ 3340–3347 · 10 sections
- § 3340 The authority is authorized and empowered to do any of the following: (a) Adopt an official seal. (b) Sue and be sued in its own name. (c) Employ or contract…
- § 3341 In connection with the purposes of this division, the authority may do any or all of the following: (a) Issue bonds, from time to time, as further provided in…
- § 3341.1 In connection with an enterprise, the authority may do any or all of the following: (a) Acquire any enterprise by gift, purchase, or eminent domain as…
- § 3341.2 In connection with a project, the authority may do any or all of the following: (a) Determine the location and character of any project to be financed under…
- § 3341.5 In connection with the purposes of this division, the authority shall charge and equitably apportion among participating parties or other public or private…
- § 3342 The fiscal powers granted to the authority by this division may be exercised without regard or reference to any other department, division, or agency of the…
- § 3343 No member of the board or any person executing bonds of the authority pursuant to this division shall be personally liable on the bonds or subject to any…
- § 3344 All expenses incurred in carrying out this division shall be payable solely from funds provided under the authority of this division and no liability or…
- § 3345 The authority’s operating budget shall be subject to review and appropriation in the annual Budget Act. For purposes of this section, the authority’s operating…
- § 3347 The Bureau of State Audits shall perform an evaluation of the effectiveness of the authority’s efforts in achieving its purposes as described in Section 3310.…
ARTICLE 5. Generation Facilities §§ 3350–3356 · 7 sections
- § 3350 In evaluating the eligibility for financing of additional generation facilities, the authority shall utilize the Energy Commission’s and the Independent System…
- § 3351 (a) All generation-related projects and enterprises financed pursuant to this division shall provide electricity to the consumers of this state at the cost of…
- § 3352 In addition to the other powers provided in this division, the activities of the authority under this article are intended to supplement private and public…
- § 3353 The authority shall have the authority to receive and act on applications for financial assistance from owners of existing powerplants whose owners or…
- § 3354 All generation facilities constructed or improved pursuant to this division shall comply with Chapter 1 (commencing with Section 1720) of Part 7 of Division 2…
- § 3355 The authority may not invest in any nuclear facilities or develop additional hydroelectric facilities without first receiving specific statutory authorization…
- § 3356 (a) If the authority determines under Section 3350 that additional electric generation supply is required to meet the purposes of this division, the authority…
ARTICLE 6. Renewable Energy and Conservation §§ 3365–3367.5 · 4 sections
- § 3365 The authority may provide loans, utilizing up to one billion dollars ($1,000,000,000) of the bond authority, under terms and conditions approved by the…
- § 3366 As a condition of receipt of a loan pursuant to Section 3365, a participating party shall be required to conduct a comprehensive marketing program that makes…
- § 3367 The authority shall require that any equipment or improvement financed by a loan made pursuant to this article shall be certified as having been installed or…
- § 3367.5 The authority may require that a participating party utilize a consumer protection plan for screening qualified contractors who serve consumers under this…
ARTICLE 8. Energy Resource Investment Plan § 3369 · 1 section
- § 3369 (a) Within 180 days of the effective date of this division, the authority, in consultation with the Energy Commission and the Independent System Operator,…
ARTICLE 9. Agencies Relation to Other State Energy Oversight § 3369.5 · 1 section
- § 3369.5 Nothing in this division shall be construed to obviate the need to review the roles, functions, and duties of other state energy oversight agencies and, where…
CHAPTER 4. California Consumer Power and Conservation Financing Authority Fund § 3370 · 1 section
- § 3370 (a) There is hereby created in the State Treasury the California Consumer Power and Conservation Financing Authority Fund for expenditure by the authority for…
CHAPTER 5. Bonds §§ 3380.1–3383 · 5 sections
- § 3380.1 For purposes of this division, the authority may incur indebtedness and issue securities of any kind or class, at public or private sale by the Treasurer, and…
- § 3380.2 In connection with the issuance of bonds, in addition to the powers otherwise provided in this division, the authority may do all of the following: (a) Issue,…
- § 3381 Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust…
- § 3382 The authority is authorized to obtain loans from the Pooled Money Investment Account pursuant to Sections 16312 and 16313 of the Government Code. These loans…
- § 3383 Bonds issued under this division shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof, other than the…