California Public Resources Code 25661.5 – Of the moneys appropriated for the clean energy programs, the Climate …
Of the moneys appropriated for the clean energy programs, the Climate Innovation Program established pursuant to Section 25625.2, the Carbon Removal Innovation Program established pursuant to Section 25688, and the Long-Duration Energy Storage Program established pursuant to Section 25641, the commission may use up to a total of twenty-five million dollars ($25,000,000) for projects consistent with subdivision (f) of § 63048.93 of the Government Code. The commission, in its sole discretion, shall determine how to allocate those moneys for those programs. The commission may transfer moneys, if necessary, from the source fund of the appropriation to the Climate Catalyst Revolving Loan Fund created pursuant to § 63048.95 of the Government Code.
(Added by Stats. 2022, Ch. 251, Sec. 12. (AB 209) Effective September 6, 2022.)
Terms Used In California Public Resources Code 25661.5
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization