A proposed ballot initiative would direct $550 million of the state\u2019s general fund money each year to the State Treasurer\u2019s Office for energy efficiency and renewable projects on public buildings to create green jobs. The Clean Energy Jobs Act was submitted to the Attorney General\u2019s Office Nov. 18 by Joseph Caves, a conservation consultant. The proposal states it seeks to create \u201cgood paying energy efficiency and clean energy work\u201d by providing a steady stream of funds for alternative energy and efficiency retrofits on state buildings, schools and universities from 2013 to 2018. A nine-member oversight board would be created to annually monitor and audit project expenditures and work. The panel would include a staff member from the California Public Utilities Commission and Energy Commission, as well as appointees by the Treasurer\u2019s, Attorney General\u2019s and State Controllers\u2019 offices. Project overhead is capped at 4 percent of a total project\u2019s costs be it an installation of solar panels or insulation.