CA AB2413

Requires the Office of the Treasurer to submit a report to the Legislature by March 1, 2021 on the feasibility of securitizing revenues from the Greenhouse Gas Reduction Fund.

The securitization would aim to spur innovation and reduce greenhouse gas emissions through funding that would be repaid by future revenues from the market-based compliance mechanism under the California Global Warming Solutions Act of 2006.

The Greenhouse Gas Reduction Fund receives moneys collected by the State Air Resources Board from the auction or sale of allowances as part of market-based compliance mechanisms.