0520 Business Transportation & Housing, Secy
Major Program Changes
  • Tourism Marketing Budget Reduction - The Budget includes a $6.3 million General Fund reduction in the ongoing state contribution to tourism marketing pursuant to Chapter 790, Statutes of 2006 (AB 2592), which authorizes a new assessment of the rental car industry to support the marketing efforts of the California Travel and Tourism Commission. Upon approval of the assessment by the rental car industry, AB 2592 reverts to the General Fund $6.3 million appropriated in Item 0520-001-0001, Budget Act of 2006.

  • International Trade and Investment - The Budget includes $591,000 General Fund and 3.0 positions to carry out Chapter 663, Statutes of 2006 (SB 1513), which requires the Business, Transportation and Housing Agency to produce a comprehensive study of the need for state programs to facilitate foreign trade, develop an international trade and investment strategy, and convene a statewide partnership for international trade and investment.

  • Small Business Loan Guarantee Program: Sudden and Severe Economic Dislocation - The Budget includes a one-time General Fund appropriation of $832,000 to match $4.3 million in federal funds to provide additional loan guarantees to small businesses, particularly in areas that have suffered sudden job loss due to natural disasters or manufacturing plant closures.