Lawmakers in the Assembly voted to curb the governor\u2019s greenhouse gas auction revenue plan to lend $500 million to the general fund. \tUnlike its Senate counterpart, the Assembly Budget Subcommittee on Resources & Transportation May 22 recommended allowing a $400 million diversion to the general fund\u2014with $100 million left to be appropriated for what was called \u201cno regrets\u201d projects to be invested immediately \u201csubject to legislation.\u201d \tThe loan to the general fund could be a \u201crainy day fund\u201d for the future, Tiffany Roberts, senior analyst, California Legislative Analyst\u2019s Office, told the committee. The $400 million would still be spent on reducing greenhouse gases, but not immediately. \tThe budget recommendation passed 3-2. \tAlso on the cap-and-trade front, the governor proposes a $1.3 million addition to oversee the carbon credit auction. Like its Senate counterpart, the subcommittee recommended 3-2 to approve the move. \tProposition 39 funding for school efficiency measures continues to gain legislative traction. \t \u201cThis is an effort to meet the governor halfway,\u201d subcommittee chair Assemblymember Richard Bloom (D-Santa Monica), said. \tThe new budget language distributes revenue based on regional allocations, rather than a per-student cost. It standardizes accountability, and it allows the California Energy Commission to administer 25 percent of the funds through loans and loan guarantees. It also allocates $4 million for new staff for \u201cschool guidance positions.\u201d \tThis is an attempt to \u201cmaximize energy savings,\u201d said Assemblymember Nancy Skinner (D-Oakland). The governor\u2019s \u201cMay revise\u201d budget proposed $450 million of the funds for school and community college efficiency and renewable energy for the upcoming year, according to the subcommittee. The recommendation passed 3-2. It was sent to a Senate\/Assembly conference committee to work out final language. \tFunding for the California Public Utilities Commission\u2019s Electric Program Investment Charge was left open in the annual budget with the subcommittee. The fund substituted for the former ratepayer-funded public goods charge that was previously at the California Energy Commission. The new charge\u2014established last year\u2014is also through the CPUC, as well as the Energy Commission. Still, lawmakers are arguing over the funds (Current, April 26, 2013). \u201cI\u2019m reluctant to give budget authority\u201d while the Legislature still has to give the energy surcharge final approval, Assemblymember Rich Gordon (D-Los Altos), said.