§ 63048.94. — 63048.94. (Amended by Stats. 2025, Ch. 20, Sec. 32.)

California § 63048.94.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 1.
• Title 6.7.: DIVISION 1. THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT
• Ch. 2.: CHAPTER 2. California Infrastructure and Economic Development Bank
• Art. 6.7.: ARTICLE 6.7. Climate Catalyst Revolving Fund Act of 2020

Text

(a)
Annually, commencing January 1, 2023, and no later than January 1 of each year thereafter, the bank shall prepare and submit, as specified in subdivision (b), a report containing Climate Catalyst Revolving Fund Program activity for the preceding fiscal year ending June 30, and including all of the following:
(1)
Information on individual Climate Catalyst Revolving Fund Program financing, specifically all of the following:
(A)
Climate catalyst project category.
(B)
Climate catalyst project description.
(C)
Total climate catalyst project cost.
(D)
Financial assistance amount.
(E)
Outstanding financial assistance amount due.
(F)
Aggregate amount of third-party financing.
(G)
The county and city of the funded climate catalyst project.
(H)
A description of the expected contribution of the climate
catalyst project to the state’s climate policy objectives, including both greenhouse gas reduction and climate resilience benefits.
(I)
Type and quality of any jobs created as a result of the financial assistance.
(J)
Total amount of federal moneys applied to the climate catalyst project.
(2)
Total number and type of financial assistance issued to small businesses.
(3)
Total number and type of applications received.
(4)
Recommendations on needed Climate Catalyst Revolving Fund Program changes or improvements to meet the objectives of this article. The bank shall meet and confer with the state agencies identified in subdivision (f) of Section 63048.93, and any additional agencies added pursuant to subdivision (g) of Section 63048.93, prior to the annual submission of the report required herein in an effort to develop those recommendations.
(b)
The report required pursuant to subdivision (a) shall be part of the report required by Section 63035.
(c)
(1)
The report shall be posted on the bank’s internet website.
(2)
The report shall be presented to the bank board at its final public meeting of the calendar year in which the report was prepared. If the bank board holds no public meetings following the
submission of the report, the report shall be presented to the bank board at its next available public meeting.

Legislative History

Amended by Stats. 2025, Ch. 20, Sec. 32. (AB 137) Effective June 30, 2025.