Bill > SB771

This bill amends Section 26003 of the Public Resources Code to update the definitions used by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), an entity established to finance projects related to alternative energy and advanced transportation. The changes clarify and potentially expand the scope of what constitutes "alternative sources" of energy, such as solar, wind, and geothermal power, and "advanced transportation technologies," which include electric vehicles and high-speed rail. The bill also refines the definitions of "cost" associated with these projects, "financial assistance" provided by the authority, and what qualifies as a "project" or "participating party" eligible for support. Essentially, this legislation aims to ensure the CAEATFA has clear and current definitions to effectively support the development and implementation of cleaner energy and transportation solutions in California.