California Air Resources Board

Summary

Contains the appropriations that support State government for fiscal year 2020-21.  Of interest to CARB, the bill makes re-appropriations for the purposes of extending encumbrance, expenditure, and liquidation dates for certain Greenhouse Gas Reduction Fund appropriations.

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Summary

Would have required the Treasurer’s Office to submit a report to the Legislature by March 2021 on the feasibility of securitizing revenues from the Greenhouse Gas Reduction Fund to spur innovation and reduce emissions of greenhouse gases.  The securitized revenues would have been paid back by future revenues generated by the Cap-and-Trade Program.  Was not heard in the Senate Environmental Quality Committee.

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