California Government Code

§ 63048.95

GOV § 63048.95 Effective Jun 30, 2025Div. 1 · Title 6.7 · Ch. 2 · Art. 6.7

Statute text

(a)(1) There is hereby created in the State Treasury the Climate Catalyst Revolving Fund for the purpose of implementing the objectives and provisions of this article. The Climate Catalyst Revolving Fund shall be separate from any other fund or account created under this division.

(2)Obligations of the bank incurred in connection with the activities authorized under this article shall be payable solely from moneys within the Climate Catalyst Revolving Fund. No other fund or account of the bank shall be available or shall be used for the payment of obligations incurred in connection with this article.

(3)Within the Climate Catalyst Revolving Fund, the bank may establish any additional accounts and subaccounts to properly organize moneys within the fund.

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Legislative history

Amended by Stats. 2025, Ch. 20, Sec. 33. (AB 137) Effective June 30, 2025.