California Air Resources Board

Summary

Would have established the Electrical Infrastructure Revolving Loan Program (Program), to be developed and implemented by the California Energy Commission (CEC).  The Program would have provided loans to electrical corporations to fund activities that minimize the risk of catastrophic wildfires due to electrical lines and equipment or that reduce the need for public safety power shutoffs.  This bill would have required the High-Speed Rail Authority to transfer any unencumbered moneys appropriated from the Greenhouse Gas Reduction Fund to CEC as a loan to be deposited in the Electrical Infrastructure Revolving Loan Fund (Fund), which the bill would have established in the State Treasury.  The bill, upon appropriation by the Legislature, would have required CEC to expend the moneys from the Fund for purposes of the Program.  Was not heard in the Senate Transportation Committee.

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