SB-1265 • 2026

California Alternative Energy and Advanced Transportation Financing Authority: GoGreen Program.

Budget Energy

Passed Legislature

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

Sponsor: Richardson
Last action: 2026-06-10
Official status: June 10 set for first hearing canceled at the request of author.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

California Alternative Energy and Advanced Transportation Financing Authority: GoGreen Program.

SB 1265, as amended, Richardson.

What This Bill Does

SB 1265, as amended, Richardson.
California Alternative Energy and Advanced Transportation Financing Authority: GoGreen Program.
Under existing law, the purpose of the California Alternative Energy and Advanced Transportation Financing Authority Act is to advance the state’s goals of reducing the levels of greenhouse gas emissions, increasing the deployment of sustainable and renewable energy sources, implementing measures that increase the efficiency of the use of energy, creating high quality employment opportunities, and lessening the state’s dependence on fossil fuels and to that end to provide an alternative method of financing in providing and promoting the establishment of facilities utilizing alternative methods and sources of energy and facilities needed for the development and commercialization of advanced transportation technologies.
Existing law establishes the California Alternative Energy and Advanced Transportation Financing Authority to carry out that purpose.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-10 California Legislative Information
June 10 set for first hearing canceled at the request of author.
2026-06-01 California Legislative Information
Referred to Com. on U. & E.
2026-05-22 California Legislative Information
In Assembly. Read first time. Held at Desk.
2026-05-22 California Legislative Information
Read third time. Passed. (Ayes 27. Noes 5.) Ordered to the Assembly.
2026-05-18 California Legislative Information
Read second time. Ordered to third reading.
2026-05-14 California Legislative Information
Read second time and amended. Ordered to second reading.
2026-05-14 California Legislative Information
From committee: Do pass as amended. (Ayes 5. Noes 0.) (May 14).
2026-05-08 California Legislative Information
Set for hearing May 14.
2026-04-27 California Legislative Information
April 27 hearing: Placed on APPR. suspense file.
2026-04-17 California Legislative Information
Set for hearing April 27.
2026-04-14 California Legislative Information
Read second time and amended. Re-referred to Com. on APPR.
2026-04-13 California Legislative Information
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 1. Page 3756.) (April 7).
2026-03-25 California Legislative Information
Set for hearing April 7.
2026-03-04 California Legislative Information
Referred to Com. on E., U & C.
2026-02-20 California Legislative Information
From printer. May be acted upon on or after March 22.
2026-02-19 California Legislative Information
Introduced. Read first time. To Com. on RLS. for assignment. To print.

Official Summary Text

SB 1265, as amended, Richardson.
California Alternative Energy and Advanced Transportation Financing Authority: GoGreen Program.
Under existing law, the purpose of the California Alternative Energy and Advanced Transportation Financing Authority Act is to advance the state’s goals of reducing the levels of greenhouse gas emissions, increasing the deployment of sustainable and renewable energy sources, implementing measures that increase the efficiency of the use of energy, creating high quality employment opportunities, and lessening the state’s dependence on fossil fuels and to that end to provide an alternative method of financing in providing and promoting the establishment of facilities utilizing alternative methods and sources of energy and facilities needed for the development and commercialization of advanced transportation technologies. Existing law establishes the California Alternative Energy and Advanced Transportation Financing Authority to carry out that purpose. Existing Public
Utility
Utilities
Commission decisions established the California Hub for Energy Efficiency Financing program, administered by the authority and funded through charges collected by specified electrical corporations and gas corporations from their ratepayers.
This bill would require the authority to administer the GoGreen Program, previously known as the California Hub for Energy Efficiency Financing program, and would authorize the authority to use moneys collected from the ratepayers of electrical and gas corporations, as directed by the commission, and other available funding sources, consistent with the program’s purposes. The bill would require the program to provide financing assistance to participating lenders to support residents in financing eligible energy efficiency and decarbonization measures at costs that are competitive with or below market rates. The bill would authorize the authority to receive, administer, and deploy
additional moneys from federal, state, local, or private sources to support and expand the GoGreen Program, if those moneys are used in a manner consistent with the program’s goals and the parameters of the funding source. The bill would create the GoGreen Program Fund in the State Treasury and would
continuously appropriate
make
all moneys in the fund
available, upon appropriation by the Legislature,
to the authority for expenditure, as provided.

Current Bill Text

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