California AB407 establishes a Capital Access Loan Program to assist small businesses and residential property owners with seismic retrofitting.

California AB407 creates the California Americans with Disabilities Act Small Business Capital Access Loan Program, administered by the California Pollution Control Financing Authority. The program provides loans to small businesses and residential property owners for seismic retrofitting projects, ensuring compliance with the Americans with Disabilities Act. Loans are limited to $50,000 and cover eligible costs such as construction, demolition, and equipment. The program also establishes a fund for these loans and allows for the issuance of rate reduction bonds to finance utility projects.

California AB407 establishes a Capital Access Loan Program to assist small businesses and residential property owners with seismic retrofitting.

California AB407 creates the California Americans with Disabilities Act Small Business Capital Access Loan Program, administered by the California Pollution Control Financing Authority. The program provides loans to small businesses and residential property owners for seismic retrofitting projects, ensuring compliance with the Americans with Disabilities Act. Loans are limited to $50,000 and cover eligible costs such as construction, demolition, and equipment. The program also establishes a fund for these loans and allows for the issuance of rate reduction bonds to finance utility projects.