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AB-267 • 2026

Greenhouse Gas Reduction Fund: high-speed rail: water infrastructure and wildfire prevention.

Greenhouse Gas Reduction Fund: high-speed rail: water infrastructure and wildfire prevention.

Budget Energy
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Macedo
Last action
2026-02-02
Official status
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Effective date
Not listed

Plain English Breakdown

The exact amount of funds transferred and their ultimate allocation are not specified in the official source material.

Greenhouse Gas Money for Water and Wildfires

This law changes how money from reducing greenhouse gases is used by stopping the High-Speed Rail Authority from receiving a portion of it for two years, redirecting that money to help with water systems and wildfire prevention.

What This Bill Does

  • Suspends the allocation of 25% of the Greenhouse Gas Reduction Fund to the High-Speed Rail Authority for fiscal years 2026–27 and 2027–28.
  • Transfers those funds instead to the General Fund, which is available upon appropriation by the Legislature to support water infrastructure and wildfire prevention.

Who It Names or Affects

  • The High-Speed Rail Authority loses funding from the Greenhouse Gas Reduction Fund for two fiscal years.
  • Water infrastructure projects and wildfire prevention efforts may receive additional funds.

Terms To Know

Greenhouse Gas Reduction Fund
A special fund that receives money when companies buy permits to release greenhouse gases, used to help the environment.
High-Speed Rail Authority
The group responsible for building fast trains between cities in California.

Limits and Unknowns

  • It is not specified how much money will be transferred or if it will all go to water and wildfire projects.
  • This law only changes things for two fiscal years, so the High-Speed Rail Authority might receive funding again after that period.

Bill History

  1. 2026-02-02 California Legislative Information

    From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. 2026-01-31 California Legislative Information

    Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. 2025-02-18 California Legislative Information

    Referred to Coms. on TRANS. and NAT. RES.

  4. 2025-01-18 California Legislative Information

    From printer. May be heard in committee February 17.

  5. 2025-01-17 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 267, as introduced, Macedo.
Greenhouse Gas Reduction Fund: high-speed rail: water infrastructure and wildfire prevention.
The California Global Warming Solutions Act of 2006 designates the State Air Resources Board as the state agency charged with monitoring and regulating sources of emissions of greenhouse gases. The act authorizes the state board to include in its regulation of those emissions the use of market-based compliance mechanisms. Existing law requires all moneys, except for fines and penalties, collected by the state board from the auction or sale of allowances as part of a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund. Existing law continuously appropriates 25% of the annual proceeds of the fund to the High-Speed Rail Authority for certain purposes.
This bill would suspend the appropriation to the High-Speed Rail Authority for the 2026–27 and 2027–28 fiscal years and would instead require those amounts from moneys
collected by the state board to be transferred to the General Fund. The bill would specify that the transferred amounts shall be available, upon appropriation by the Legislature, to augment funding for water infrastructure and wildfire prevention.

Current Bill Text

Read the full stored bill text 
Download Bill PDF