California Pollution Control Financing Authority.

Summary

AB 407 amends the Government Code and Health and Safety Code to let joint‑power authorities that finance water, wastewater, or electric utilities issue rate‑reduction bonds and collect a dedicated utility project charge. It also creates a continuously appropriated fund to support a California Americans with Disabilities Act Small Business Capital Access Loan Program. The changes aim to lower utility rates, improve infrastructure, and give small businesses in disadvantaged areas better access to capital.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 30). · May 1, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · May 23, 2025
• Appropriations Committee Hearing
  Appropriations · May 14, 2025
• Local Government Committee Hearing
  Local Government · Apr 30, 2025
• Banking and Finance Committee Hearing
  Banking and Finance · Apr 21, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 23, 2025In committee: Held under submission.
4. May 14, 2025In committee: Set, first hearing. Referred to suspense file.
5. May 6, 2025Re-referred to Com. on APPR.
6. May 5, 2025Read second time and amended.
7. May 1, 2025From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 30).
8. Apr 24, 2025Re-referred to Com. on L. GOV.
9. Apr 23, 2025Read second time and amended.
10. Apr 22, 2025From committee: Amend, and do pass as amended and re-refer to Com. on L. GOV. (Ayes 9. Noes 0.) (April 21).
11. Feb 18, 2025Referred to Coms. on B.&F. and L. GOV.
12. Feb 5, 2025From printer. May be heard in committee March 7.

The 12 most recent of 13 recorded actions.

Sponsors

• Jackson · sponsor

Bill text

Opens the legislature’s own copy.

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