2020 – Assembly Bill 78 (Committee on Budget), Climate Catalyst Revolving Loan Fund (Chaptered)
Budget, Climate Change
Office of Legislative Affairs
Establishes the Climate Catalyst Revolving Loan Fund Act of 2020. The bill creates the Climate Catalyst Revolving Loan Fund (Fund) within the State Treasury and makes the moneys in the fund available for expenditure, upon appropriation by the Legislature. The bill also requires the California Infrastructure and Economic Development Bank (IBank) to administer the Fund and authorizes IBank to provide financial assistance to any eligible sponsor or participating party for eligible Climate Catalyst projects.