CA AB1541

Extends the deadline for the California Insurance Guarantee Association (CIGA) to issue bonds for workers' compensation claims from January 1, 2023 to January 1, 2026.

Authorizes bond issuance by the California Infrastructure and Economic Development Bank in an aggregate principal amount not exceeding $1,500,000,000 outstanding at any one time.

Establishes that bonds issued or refunded shall not have a final maturity exceeding 20 years from the date of issuance.

Permits CIGA to enter into ancillary obligations and derivative agreements to manage interest rate risk or security features related to the bonds.