Bill > SB137

This bill makes several significant changes to various aspects of California state government, with key provisions focused on restructuring the Consumer Privacy Fund, updating financial regulations, modifying state agency legal representation rules, and adjusting several administrative and financial programs. Here's a detailed summary: This bill restructures the Consumer Privacy Fund by creating three subfunds: the Consumer Privacy Subfund, the Attorney General Consumer Privacy Enforcement Subfund, and the Consumer Privacy Grant Subfund. Under this new structure, 95% of administrative fines and settlement proceeds from privacy violations will be deposited into the Consumer Privacy Subfund for the California Privacy Protection Agency, while 5% will go to the Consumer Privacy Grant Subfund to support privacy-related grants and programs. The bill also increases various fees for financial services and business registrations, updates rules for state agencies' legal representation, modifies the Climate Catalyst Revolving Fund program, and expands eligibility for the HOPE for Children Trust Account to include individuals who were 18 or older and lost a parent to COVID-19. The bill additionally makes technical changes to several state agency reporting requirements, updates definitions for vulnerable communities, and provides more flexibility for the Infrastructure and Economic Development Bank in managing climate-related financial assistance programs. The legislation is part of the budget process and is intended to take effect immediately, with provisions aimed at improving governmental efficiency, supporting consumer privacy, and providing financial support for various state initiatives.

Budget and Finance

Budget and Fiscal Review (Senate)

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB137