AB 1298 Summary

• Authorizes issuance of state general obligation bonds (amount unspecified in bill text) to fund climate resiliency, fire risk reduction, recycling, water supply, clean beaches, and jobs infrastructure programs

• Requires bond measure to be submitted to voters at the November 3, 2020, statewide general election

• Establishes the Climate Resiliency, Fire Risk Reduction, Recycling, Groundwater and Drinking Water Supply, Clean Beaches, and Jobs Infrastructure Fund in the State Treasury to receive bond proceeds

• Allocates funds across seven program areas: safe drinking water and flood control, recycling and waste diversion, local climate resiliency and fire risk reduction, river protection and coastal access, clean beaches and parks, and various grants to state agencies, conservancies, and local governments

• Requires that at least 15 percent of funds available for each major program chapter be allocated for projects serving under-resourced communities