California SB74 establishes a grant program for local agencies facing unforeseen costs on infrastructure projects.

California SB74 creates the Infrastructure Gap-Fund Program within the Office of Land Use and Climate Innovation. This program provides grants to local agencies for infrastructure projects that have started construction but face additional unforeseen costs. The grants can cover up to 20 percent of these additional costs. Eligible projects include broadband, fire stations, schools, health and safety improvements, and roads. Local agencies must allocate at least 45 percent of the initial budgeted cost from local taxes and demonstrate challenges in completing the project.

California SB74 establishes a grant program for local agencies facing unforeseen costs on infrastructure projects.

California SB74 creates the Infrastructure Gap-Fund Program within the Office of Land Use and Climate Innovation. This program provides grants to local agencies for infrastructure projects that have started construction but face additional unforeseen costs. The grants can cover up to 20 percent of these additional costs. Eligible projects include broadband, fire stations, schools, health and safety improvements, and roads. Local agencies must allocate at least 45 percent of the initial budgeted cost from local taxes and demonstrate challenges in completing the project.