CA AB407

Requires all moneys accruing to the California Pollution Control Financing Authority (CPCFA) under the Capital Access Loan Program for Small Businesses to be deposited into the California Capital Access Fund

Authorizes the California Capital Access Fund to receive and accept private, state, or federal funding sources to provide financial assistance for small business lending purposes

Expands allowable expenditures from the California Americans with Disabilities Act Small Business Capital Access Loan Program Fund to include financial assistance such as loans, loan loss reserves, interest rate deductions, bond proceeds, credit enhancements, and contributions of money to help small businesses comply with ADA requirements

Expands allowable expenditures from the California Seismic Safety Capital Access Loan Program Fund to include financial assistance for qualified small businesses and residential property owners undertaking seismic retrofitting projects

Makes an appropriation by creating a continuously appropriated fund and by expanding expenditures from existing continuously appropriated funds