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California 20252026

SB 700

Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program.

Open original source Back to bills
Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
upper
Classification
bill, appropriation
Subjects
CaliforniaInvestmentandInnovationProgram, CapitalProgramsandClimateFinancingAuthorityAct
Introduced / first action
2025-02-21 00:00:00

Alternate titles

  • California Firefighter Cancer Prevention and Research Program.
  • Bank on California Program.

Source-supplied abstracts

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 Investment and Innovation Program for the purpose of providing grants to enhance the capacity of community development financial institutions to provide technical assistance and capital access to economically disadvantaged communities in the state, as specified. Existing law defines various terms for these purposes. This bill would authorize the authority to establish one or more small business assistance funds to fund a grant program for community development financial assistance pursuant to the California Investment and Innovation Program. The bill would include in the list of allowed financial assistance that the authority may provide under the act grants made to community development financial institutions in furtherance of that program. By expanding the purposes for which moneys in a continuously appropriated fund may be used, this bill would make an appropriation.

Sponsors

Source-supplied history

Actions

  1. Enrolled and presented to the Governor at 3 p.m.

    executive-receipt

  2. Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.

    amendment-passage, committee-passage, committee-passage-favorable

  3. From committee: That the Assembly amendments be concurred in. (Ayes 9. Noes 0.)

    committee-passage

  4. From committee: Be re-referred to Com. on B. P. & E.D. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0.) Re-referred to Com. on B. P. & E.D.

    committee-passage, referral-committee

  5. Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).

    referral-committee

  6. In Senate. Concurrence in Assembly amendments pending.

  7. Read third time. Passed. (Ayes 78. Noes 0. Page 6388.) Ordered to the Senate.

    passage, reading-1, reading-3

  8. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  9. From committee: Do pass. (Ayes 15. Noes 0.) (August 13).

    committee-passage, committee-passage-favorable

  10. Assembly Rule 63 suspended.

  11. August 5 set for first hearing. Placed on suspense file.

  12. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 23). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  13. From committee: Do pass and re-refer to Com. on E.D., G., & H.I. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 22). Re-referred to Com. on E.D., G., & H.I.

    committee-passage, committee-passage-favorable, referral-committee

  14. Assembly Rule 56 suspended.

  15. From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  16. Referred to Com. on B. & F.

    referral-committee

  17. In Assembly. Read first time. Held at Desk.

    reading-1

  18. Read third time. Passed. (Ayes 39. Noes 0. Page 3286.) Ordered to the Assembly.

    passage, reading-1, reading-3

  19. Read second time. Ordered to consent calendar.

    reading-1, reading-2

  20. From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.

    committee-passage, reading-1, reading-2

  21. Set for hearing January 20.

  22. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 5. Noes 0. Page 3187.) (January 7). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  23. Re-referred to Com. on B. & F.I.

    referral-committee

  24. Re-referred to Com. on RLS.

    referral-committee

  25. Withdrawn from committee.

    withdrawal

  26. From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  27. Set for hearing January 7 in B. & F.I. pending receipt.

  28. Re-referred to Coms. on L. GOV. and L., P.E. & R.

    referral-committee

  29. From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  30. Referred to Com. on RLS.

    referral-committee

  31. Read first time.

    reading-1

  32. From printer. May be acted upon on or after March 24.

  33. Introduced. To Com. on RLS. for assignment. To print.

    introduction, referral-committee

Documents and versions

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Related measures

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