Bill > AB267

This bill redirects a portion of funds from the Greenhouse Gas Reduction Fund, originally designated for high-speed rail, to water infrastructure and wildfire prevention for the 2026-27 and 2027-28 fiscal years. * **Water Infrastructure and Wildfire Prevention:** 25% of the annual proceeds from the Greenhouse Gas Reduction Fund, collected from January 1, 2026, will be transferred to the General Fund. These funds will then be available, upon legislative appropriation, to augment funding for water infrastructure and wildfire prevention projects. This redirection suspends the usual appropriation to the High-Speed Rail Authority for these two fiscal years. * **Healthy Forests and Fire Prevention:** The bill continues to appropriate $200 million annually from the Greenhouse Gas Reduction Fund for the Department of Forestry and Fire Protection through the 2028-29 fiscal year. Of this, $165 million is for healthy forest and fire prevention programs, and $35 million is for prescribed fire and fuel reduction projects.