SB 700
Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill establishes the Capital Programs and Climate Financing Authority, aiming to support small businesses and community development. It creates funds to provide financial assistance, including grants to community development financial institutions, and allows the authority to levy fees or require deposits from participating parties. The bill also repeals the existing Bank on California Program and expands the authority’s ability to use funds for various environmental and economic development initiatives.
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