California SB700 establishes a Capital Programs and Climate Financing Authority to provide financial assistance to small businesses.
California SB700 amends the Health and Safety Code to establish a Capital Programs and Climate Financing Authority. The authority can provide financial assistance to small businesses, including payments to reduce interest rates on loans, costs of acquiring letters of credit, insurance, guarantees, and other credit support. The authority can establish small business assistance funds to assist with pollution control facilities, brownfield site remediation, and other related costs.
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