CA SB83

Establishes the Sea Level Rise Revolving Loan Program to provide low-interest loans to local jurisdictions for purchasing coastal properties vulnerable to sea level rise.

Requires the Ocean Protection Council to adopt criteria and guidelines for the program by January 1, 2023, in consultation with state planning and coastal management agencies.

Allows cities, counties, and resource conservation districts to apply for loans if they develop and submit a vulnerable coastal property plan that meets established criteria and includes acquisition timelines, lease agreements, and management plans.

Creates the Sea Level Rise Revolving Loan Fund administered by the State Coastal Conservancy, with loan repayments, interest, fees, and penalties deposited back into the fund for future loans and administrative costs.

Implementation is contingent upon legislative appropriation of funds through the annual Budget Act or other statute.