CA AB2208

Authorizes issuance of $1,000,000,000 in general obligation bonds to support offshore wind energy development activities, contingent on voter approval.

Allocated bond funds may be used for construction of port manufacturing and assembly facilities, expansion of port infrastructure for offshore wind vessels, and upgrades to support transportation and storage of wind components like turbines and blades.

Establishes California Ports Development and Offshore Wind Infrastructure Finance Committee composed of the Controller, State Energy Resources Conservation and Development Commission chair, Treasurer, and Director of Finance to oversee bond issuance and sales.

Requires projects receiving funding to provide workforce education, training, and contracting opportunities for vulnerable populations and socially disadvantaged groups to the extent practicable.

Requires regular progress reports to the Governor and Legislature on projects funded through the bond act and caps administrative costs at 5 percent of allocated moneys for each program.