summary
Introduced
02/18/2025
02/18/2025
In Committee
06/03/2025
06/03/2025
Crossed Over
05/15/2025
05/15/2025
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
An act to amend Sections 6588.7, 7924.505, 12100.32, and 12100.33 of the Government Code, to amend Sections 40448.6, 41503.6, 44391.4, 44500, 44501, 44502, 44504, 44508, 44510, 44515, 44526, 44536, 44548, 44551, 44558, 44559.1, 44559.13, 44559.14, and 53545.14 of, to amend the heading of Chapter 1 (commencing with Section 44500) of Division 27 of, to amend the heading of Division 27 (commencing with Section 44500) of, and to repeal Section 44525.7 of, the Health and Safety Code, to amend Sections 14584 and 42652.5 of the Public Resources Code, and to amend Sections 201.5 and 6010.10 of the Revenue and Taxation Code, relating to state government.
AI Summary
This bill renames the California Pollution Control Financing Authority (CPCFA) to the Capital Programs and Climate Financing Authority (CPCFA), reflecting the organization's expanded scope beyond pollution control. Originally established in 1972 to provide tax-exempt bond financing for pollution control facilities, the authority now supports a broader range of climate and economic development programs. The bill makes technical changes across multiple sections of California law to update references to the authority's name and mission, including in codes related to government, health and safety, public resources, and revenue and taxation. The legislation acknowledges the authority's evolution, highlighting its current roles in programs such as the California Investment and Innovation Program, Capital Access Loan Program for Small Businesses, California Seismic Safety Capital Access Loan Program, and the California Recycle Underutilized Sites (CALReUSE) program. By updating the name, the bill aims to better reflect the organization's contemporary focus on climate financing, sustainable development, and supporting small businesses across various sectors.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
Senate Business, Professions and Economic Development Hearing (10:00:00 6/9/2025 1021 O Street, Room 2100) (on 06/09/2025)
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