California SB700 establishes a Capital Programs and Climate Financing Authority to fund small business assistance.
California SB700 creates a Capital Programs and Climate Financing Authority to provide financial assistance to small businesses. This includes funding for pollution control facilities, brownfield site remediation, and other related costs. The authority can establish small business assistance funds, levy fees, and make loans or guarantees. The authority can also contract with financial institutions to provide credit assistance. The bill repeals Division 23 of the Financial Code.
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