California Air Resources Board

Summary

Makes statutory changes to the fiscal year 2020-21 budget package to implement actions related to transportation.  Of interest to CARB, the budget trailer bill appropriates $1.7 million from the Air Pollution Control Fund to the Department of Motor Vehicles (DMV) to develop an interface system for the DMV’s vehicle registration system to communicate with CARB’s compliance database.  The budget trailer bill also requires the State Controller to allocate Low Carbon Transit Operations Program (LCTOP) funding for the 2020–21 and 2021–22 fiscal years to recipient transit agencies based on transit operator ratios.  LCTOP receives a continuous appropriation from the Greenhouse Gas Reduction Fund. 

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Summary

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.

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