§ 90500. — 90500. (Added by Stats. 2024, Ch. 83, Sec. 2.)

California § 90500.

• Jurisdiction: California
• Code PRC: Public Resources Code - PRC
• Div. 50.: DIVISION 50. SAFE DRINKING WATER, WILDFIRE PREVENTION, DROUGHT PREPAREDNESS, AND CLEAN AIR BOND ACT of 2024
• Ch. 1.: CHAPTER 1. General Provisions

Text

(a)
The proceeds of bonds issued and sold pursuant to this division, exclusive of refunding bonds issued and sold pursuant to Section 95012, shall be deposited in the Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Fund, which is hereby created in the State Treasury. Moneys in the fund shall be available, upon appropriation by the Legislature, for purposes of this division.
(b)
Proceeds of bonds issued and sold pursuant to this division shall be allocated according to the following schedule:
(1)
Three billion eight hundred million dollars ($3,800,000,000) for safe drinking water, drought, flood, and water resilience programs, in accordance with Chapter 2 (commencing with Section 91000).
(2)
One billion five hundred million dollars ($1,500,000,000) for wildfire and forest resilience programs, in accordance with Chapter 3 (commencing with Section 91500).
(3)
One billion two hundred million dollars ($1,200,000,000) for coastal resilience programs, in accordance with Chapter 4 (commencing with Section 92000).
(4)
Four hundred fifty million dollars ($450,000,000) for
extreme heat mitigation programs, in accordance with Chapter 5 (commencing with Section 92500).
(5)
One billion two hundred million dollars ($1,200,000,000) for biodiversity protection and nature-based climate solution programs, in accordance with Chapter 6 (commencing with Section 93000).
(6)
Three hundred million dollars ($300,000,000) for climate-smart, sustainable, and resilient farms, ranches, and working lands programs, in accordance with Chapter 7 (commencing with Section 93500).
(7)
Seven hundred million dollars ($700,000,000) for park creation and outdoor access programs, in accordance with Chapter 8 (commencing with Section 94000).
(8)
Eight hundred fifty million dollars ($850,000,000) for clean air programs, in accordance with Chapter 9
(commencing with Section 94500).

Legislative History

Added by Stats. 2024, Ch. 83, Sec. 2. (SB 867) Approved in Proposition 4 at the November 5, 2024, election. Effective November 6, 2024.