CA AB1495

Amends the Budget Act of 2012 by revising appropriations and transfers for the 2012-13 fiscal year, including modifications to items related to conservation, social services, and transportation funds.

Authorizes a $50,000,000 loan from the National Mortgage Special Deposit Fund to the General Fund, to be repaid by June 30, 2014.

Establishes repayment schedules for various transportation and special fund loans totaling approximately $79.615 million, with repayment dates ranging from June 30, 2014 to June 30, 2017.

Appropriates $887,601,000 for Department of Social Services local assistance, including CalWORKs and other assistance payments, with provisions for authorization of expenditures due to caseload changes and federal funding delays.

Defines General Fund revenues for the 2012-13 fiscal year as $93,343,000,000 for constitutional purposes and takes effect immediately as a Budget Bill.