California bills · 2025-2026 Regular Session
California SB 700
Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program.
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Grayson (Democratic)
Summary
Official abstract published by the California legislature· summary
The Capital Programs and Climate Financing Authority Act establishes the Capital Programs and Climate Financing Authority, consisting of the Director of Finance, the Treasurer, and the Controller. Among other things, the act authorizes the authority to establish one or more small business assistance funds to do various things, including fund a capital access program for small businesses pursuant to specified law, provide various forms of financial assistance, and make or acquire loans or guarantee commercial loans to participating parties eligible for assistance from those funds. The act requires any moneys repaid or returned to the authority in connection with or as a result of any loan or financial assistance made pursuant to these provisions to be deposited in the small business assistance fund from which the loan or assistance was originally provided. For the purpose of establishing and maintaining small business assistance funds, the act authorizes the authority to levy fees or other charges on, or require deposits from, participating parties receiving financing for a project under the act, as specified.
The act requires the authority to establish the California Investment and Innovation Program for the purpose of providing grants to enhance the capacity of community development financial institutions to provide technical assistance and capital access to economically disadvantaged communities in the state, as specified. Existing law defines various terms for these purposes.
This bill would authorize the authority to establish one or more small business assistance funds to fund a grant program for community development financial assistance pursuant to the California Investment and Innovation Program. The bill would include in the list of allowed financial assistance that the authority may provide under the act grants made to community development financial institutions in furtherance of that program. By expanding the purposes for which moneys in a continuously appropriated fund may be used, this bill would make an appropriation.
Text versions
- 09/27/26 - Chaptered· Sep 27, 2026
- 08/30/26 - Enrolled· Aug 30, 2026
- 06/04/26 - Amended Assembly· Jun 4, 2026
- 01/05/26 - Amended Senate· Jan 5, 2026
- 03/24/25 - Amended Senate· Mar 24, 2025
- 02/21/25 - Introduced· Feb 21, 2025
- SB700
Roll-call votes
State vote data last updated Oct 14, 2026, 12:15 PM.
Actions
- Sep 27, 2026 · Legislature
Chaptered by Secretary of State. Chapter 651, Statutes of 2026. - Sep 27, 2026 · Legislature
Approved by the Governor. - Sep 2, 2026 · Legislature
Enrolled and presented to the Governor at 3 p.m. - Aug 27, 2026 · Senate
Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling. - Aug 26, 2026 · Senate
From committee: That the Assembly amendments be concurred in. (Ayes 9. Noes 0.) - Aug 25, 2026 · Senate
From committee: Be re-referred to Com. on B. P. & E.D. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0.) Re-referred to Com. on B. P. & E.D. - Aug 25, 2026 · Senate
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d). - Aug 24, 2026 · Senate
In Senate. Concurrence in Assembly amendments pending. - Aug 24, 2026 · House
Read third time. Passed. (Ayes 78. Noes 0. Page 6388.) Ordered to the Senate. - Aug 13, 2026 · House
Read second time. Ordered to third reading. - Aug 13, 2026 · House
From committee: Do pass. (Ayes 15. Noes 0.) (August 13). - Aug 13, 2026 · House
Assembly Rule 63 suspended. - Aug 5, 2026 · House
August 5 set for first hearing. Placed on suspense file. - Jun 23, 2026 · House
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 23). Re-referred to Com. on APPR. - Jun 23, 2026 · House
From committee: Do pass and re-refer to Com. on E.D., G., & H.I. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 22). Re-referred to Com. on E.D., G., & H.I. - Jun 18, 2026 · House
Assembly Rule 56 suspended. - Jun 4, 2026 · House
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. - May 4, 2026 · House
Referred to Com. on B. & F. - Jan 26, 2026 · House
In Assembly. Read first time. Held at Desk. - Jan 26, 2026 · Senate
Read third time. Passed. (Ayes 39. Noes 0. Page 3286.) Ordered to the Assembly. - Jan 21, 2026 · Senate
Read second time. Ordered to consent calendar. - Jan 20, 2026 · Senate
From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. - Jan 9, 2026 · Senate
Set for hearing January 20. - Jan 7, 2026 · Senate
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 5. Noes 0. Page 3187.) (January 7). Re-referred to Com. on APPR. - Jan 5, 2026 · Senate
Re-referred to Com. on B. & F.I. - Jan 5, 2026 · Senate
Re-referred to Com. on RLS. - Jan 5, 2026 · Senate
Withdrawn from committee. - Jan 5, 2026 · Senate
From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV. - Dec 18, 2025 · Senate
Set for hearing January 7 in B. & F.I. pending receipt. - Apr 2, 2025 · Senate
Re-referred to Coms. on L. GOV. and L., P.E. & R. - Mar 24, 2025 · Senate
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. - Mar 12, 2025 · Senate
Referred to Com. on RLS. - Feb 24, 2025 · Senate
Read first time. - Feb 24, 2025 · Senate
From printer. May be acted upon on or after March 24. - Feb 21, 2025 · Senate
Introduced. To Com. on RLS. for assignment. To print.