Bill > AB786

This bill renames the California Pollution Control Financing Authority to the Capital Programs and Climate Financing Authority, making technical changes across multiple sections of California law to update references to the authority's name. The bill affects several codes, including the Government Code, Health and Safety Code, Public Resources Code, and Revenue and Taxation Code. While primarily a technical name change, the bill maintains the authority's existing functions, which include providing financial assistance to small businesses, supporting environmental projects, and facilitating financing for pollution control, energy, and climate-related initiatives. The authority continues to consist of three members: the Director of Finance, the Treasurer, and the State Controller. The name change appears intended to better reflect the broader scope of the authority's current work, which extends beyond pollution control to include various capital and climate-related financing programs. The bill includes a provision that ensures the amendments will only take effect under specific conditions related to potential concurrent legislation (Assembly Bill 70).

Budget and Finance, Business and Industry

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB786