California legislation · 2025-2026 Regular Session
California SB700: Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program.
Status: Chaptered, September 27, 2026
What the bill says
An act to amend Section 44548 of the Health and Safety Code, relating to economic development, and making an appropriation therefor. economic development, and making an appropriation therefor Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program. The Capital Programs and Climate Financing Authority Act establishes the Capital Programs and Climate Financing Authority, consisting of the Director of Finance, the Treasurer, and the Controller…
From the chaptered text, September 27, 2026:
An act to amend Section 44548 of the Health and Safety Code, relating to economic development, and making an appropriation therefor. economic development, and making an appropriation therefor Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program. The Capital Programs and Climate Financing Authority Act establishes the Capital Programs and Climate Financing Authority, consisting of the Director of Finance, the Treasurer, and the Controller. Among other things, the act authorizes the authority to establish one or more small business assistance funds to do various things, including fund a capital access program for small businesses pursuant to specified law, provide various forms of financial assistance, and make or acquire loans or guarantee commercial loans to participating parties eligible for assistance from those funds. The act requires any moneys repaid or returned to the authority in connection with or as a result of any loan or financial assistance made pursuant to these provisions to be deposited in the small business assistance fund from which the loan or assistance was originally provided. For the purpose of establishing and maintaining small business assistance funds, the act authorizes the authority to levy fees or other charges on, or require deposits from, participating parties receiving financing for a project under the act, as specified. The act requires the authority to establish the California …