California Health and Safety Code

§ 44559.14

HSC § 44559.14 Effective Jan 1, 2026Div. 27 · Ch. 1 · Art. 8

Statute text

(a)(1) It is the intent of the Legislature in enacting the act adding this section to create and fund a program to assist residential property owners and small business owners in seismically retrofitting residences and small businesses with a priority on soft-story buildings and unreinforced brick and concrete buildings. It is not the intent of the Legislature to assist the physical expansion of small businesses and residences.

(2)The Legislature hereby establishes the California Seismic Safety Capital Access Loan Program. The program shall cover losses on qualified loans by participating lenders to qualified residential property owners or qualified small businesses for eligible projects, as specified under this section. The program shall be administered by the Capital Programs and Climate Financing Authority and follow the terms and conditions for the Capital Access Loan Program in this article with the additional program requirements specified under this section.

(b)For purposes of this section, unless the context requires otherwise, the following words and terms shall have the following meanings:

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Legislative history

Amended by Stats. 2025, Ch. 710, Sec. 14. (AB 786) Effective January 1, 2026.