Plain English Breakdown
The source material does not provide a specific effective date, leaving uncertainty about when the name change officially begins.
Renaming the California Pollution Control Financing Authority
This law changes the name of a state group that helps fund environmental projects to the Capital Programs and Climate Financing Authority.
What This Bill Does
- Changes the official name from the California Pollution Control Financing Authority to the Capital Programs and Climate Financing Authority.
- Keeps the same three leaders: the Director of Finance, the Treasurer, and the Controller.
- Updates Section 42652.5 of the Public Resources Code with changes also found in AB 70.
Who It Names or Affects
- The California Pollution Control Financing Authority, now called the Capital Programs and Climate Financing Authority.
- Individuals who use financing for environmental projects.
- Businesses involved in farming operations.
- Small businesses or corporations seeking funding that helps the environment.
Terms To Know
- Authority
- A government group created by law to manage specific tasks, such as providing money for projects.
- Financing
- Money or loans given to help pay for a project or business activity.
Limits and Unknowns
- The name change and code updates only take effect if both this bill and AB 70 become law, and this bill is enacted last.
- The official effective date listed in the source material is blank, so the exact start day is not provided.