California Assembly Bill 353
Session 20212022
Oil revenue: Oil Trust Fund.
Became Law
Became Law on Sep 25, 2022
Origin Chamber
Assembly
Type
Bill
Bill Number
353
State
California
Session
20212022
Patrick O'Donnell
grade
Author
Motion Text
AB 353 O'Donnell Assembly Third Reading
Assembly Roll Call Votes
Yes
Yes
Yes
Yes
Yes
Yes
Other
Other
Other
Yes
Fong
Yes
Yes
Yes
Yes
Yes
Other
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Other
Yes
Other
Other
Other
Yes
Yes
Yes
Yes
Other
Summary
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.
01/28/21 - Introduced
January 28, 2021
01/03/22 - Amended Assembly
January 3, 2022
08/25/22 - Enrolled
August 25, 2022
09/25/22 - Chaptered
September 25, 2022
01/07/22- Assembly Natural Resources
January 7, 2022
01/18/22- Assembly Appropriations
January 18, 2022
01/24/22- ASSEMBLY FLOOR ANALYSIS
January 24, 2022
05/26/22- Senate Natural Resources and Water
May 26, 2022
07/29/22- Senate Appropriations
July 29, 2022
08/13/22- Sen. Floor Analyses
August 13, 2022
Sort by most recent
09/25/2022
California State Legislature
Chaptered by Secretary of State - Chapter 516, Statutes of 2022.
09/25/2022
California State Legislature
Approved by the Governor.
08/30/2022
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
08/23/2022
Assembly
In Assembly. Ordered to Engrossing and Enrolling.
08/23/2022
Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 4974.).
08/22/2022
Senate
Ordered to special consent calendar.
08/11/2022
Senate
Read second time. Ordered to third reading.
08/11/2022
Senate
From committee: Do pass. (Ayes 7. Noes 0.) (August 11).
08/02/2022
Senate
In committee: Referred to suspense file.
06/01/2022
Senate
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.
05/04/2022
Senate
Referred to Com. on N.R. & W.
01/25/2022
Senate
In Senate. Read first time. To Com. on RLS. for assignment.
01/24/2022
Assembly
Read third time. Passed. Ordered to the Senate. (Ayes 67. Noes 0. Page 3368.)
01/24/2022
Assembly
Assembly Rule 63 suspended. (Ayes 48. Noes 16. Page 3365.)
01/24/2022
Assembly
Read second time. Ordered to third reading.
01/20/2022
Assembly
From committee: Do pass. (Ayes 15. Noes 0.) (January 20).
01/11/2022
Assembly
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.
01/04/2022
Assembly
Re-referred to Com. on NAT. RES.
01/03/2022
Assembly
From committee chair, with author's amendments: Amend, and re-refer to Com. on NAT. RES. Read second time and amended.
02/12/2021
Assembly
Referred to Com. on NAT. RES.
01/29/2021
Assembly
From printer. May be heard in committee February 28.
01/28/2021
Assembly
Read first time. To print.
Sources
Record Created
Jan 29, 2021 6:01:57 AM
Record Updated
Nov 22, 2022 12:23:40 PM