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CA AB1802
Bill
Status
Introduced
2/10/2026
Primary Sponsor
Catherine Stefani
Click for details
AI Summary
- Extends indefinitely the provisions allowing governmental entities, special districts, and nonprofit organizations to hold endowments for mitigation lands, which were set to expire on January 1, 2027
- Removes the sunset date from Government Code Section 65968, which governs how endowments for conservation and mitigation properties are held and managed
- Maintains existing requirements that endowment holders must certify their capacity to manage funds, achieve reasonable investment returns, and use generally accepted accounting practices
- Preserves provisions requiring endowments to revert to local agencies if the holding organization ceases to exist, becomes insolvent, or fails to manage funds properly
- Introduced by Assembly Member Stefani on February 10, 2026; requires majority vote and fiscal committee review
Legislative Description
Land use: mitigation lands.
Last Action
From printer. May be heard in committee March 13.
2/11/2026
Full Bill Text
No bill text available