2020 - Senate Bill 1258 (Stern, Henry), California Climate Technology and Infrastructure Financing Act (Dead)
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Summary
Would have enacted the California Climate Technology and Infrastructure Financing Act to require the California Infrastructure and Economic Development Bank (IBank), in consultation with CARB, to administer the Climate Catalyst Revolving Fund (Catalyst Fund), to provide financial assistance to eligible projects. The bill would have required IBank to administer the continuously appropriated Catalyst Fund for climate catalyst projects for any improvement, technology, service, or measure that avoids greenhouse gas emissions. CARB would have had a consultation role to help IBank establish project eligibility and program guidelines, and CARB’s Chair would have served as a member of the advisory body for the development of a three-year funding guidance document. Held on suspense in the Senate Appropriations Committee.