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CA SB1265

Bill

Official Source

Status

Introduced

2/19/2026

Primary Sponsor

Laura Richardson

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Authorizes the California Alternative Energy and Advanced Transportation Financing Authority to create its own financial assistance programs and products using its own funds or moneys from other sources
  • Creates the Alternative Energy and Advanced Transportation Expansion Fund in the State Treasury
  • Continuously appropriates all moneys in the fund to the authority without regard to fiscal year for expenditures and administrative costs
  • Requires interest earned or other investment returns from fund moneys to be deposited back into the fund
  • Requires a two-thirds vote for passage due to the appropriation provision

Legislative Description

California Alternative Energy and Advanced Transportation Financing Authority: financial assistance programs and products.

Last Action

Referred to Com. on E., U & C.

3/4/2026

Committee Referrals

Energy, Utilities and Communications3/4/2026
Rules2/19/2026

Full Bill Text

No bill text available