DIVISION 8. Downtown Revitalization and Economic Recovery Financing Districts 62450-62464›CHAPTER 3. Expenditures 62590-62592›ARTICLE 6.7. Climate Catalyst Revolving Fund Act of 2020 63048.91-63048.100
§ 63048.100
California Government Code · 2026-09 edition · updated 2026-09-27 · California
(a) Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 and Article 2 (commencing with Section 13320) of Chapter 3 of Part 3 of Division 3 of Title 2, expenditures of the Climate Catalyst Revolving Fund shall not be subject to the supervision or approval of any other officer or division of state government, with the exception of the Legislature.
(b) The bank’s budget regarding the Climate Catalyst Revolving Fund shall include the amount of credit and liabilities of the fund, based on an audit of the fund at the close of the prior fiscal year. The bank’s operating budget in connection with the activities authorized under this article shall be subject to review and appropriation in the annual Budget Act.
(Amended by Stats. 2025, Ch. 20, Sec. 37. (AB 137) Effective June 30, 2025.)
Retrieved: 2026-09-24T17:57:17.734759+00:00
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