Re-referred to Com. on B. & F. R.
Summary
The bill changes how California can spend money from the Greenhouse Gas Reduction Fund, requiring the Department of Finance to wait for a clear picture of cap‑and‑invest auction revenues before committing those funds. It also directs the Department of Housing and Community Development to publish annual lists of jurisdictions that meet strict housing‑production criteria and to give those jurisdictions special planning exemptions. The changes aim to ensure climate‑related spending is fully funded while rewarding local governments that meet aggressive housing goals.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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