CA SB494

Extends the deadline for identifying funding for a statewide earthquake early warning system from January 1, 2016 to July 1, 2016, with the requirement repealing if funding is not identified by the new deadline.

Requires the Office of Emergency Services to develop a comprehensive statewide earthquake early warning system in collaboration with Caltech, the California Geological Survey, UC, USGS, and other stakeholders, including field sensors, telemetry improvements, and public notification systems.

Establishes the California Earthquake Safety Fund within the State Treasury to support seismic safety and earthquake-related programs, including the earthquake early warning system.

Authorizes the Earthquake Safety Fund to accept federal funds, revenue bond funds, local funds, and private source funds, but prohibits using the General Fund for establishing the initial warning system beyond currently funded components.

Requires the Office of Emergency Services to develop an approval mechanism to review compliance with earthquake early warning standards and file a determination with the Secretary of State if funding is not identified by July 1, 2016.