California AB 1550: Climate Investments for California Communities Act

AB 1550 requires a minimum of 25% of proceeds from California’s Greenhouse Gas Reduction Fund (GGRF, established by SB 535) to be invested in projects located directly within disadvantaged communities, with an additional 20% designated for projects that benefit low income households regardless of where they are located within California.

The law updates the minimum requirement from 10% to 25% of the GGRF monies spent on projects located in disadvantaged communities, matching the need identified by the State.

AB 1550 increases equity by delivering climate investment benefits to more low-income Californians, increasing opportunities to improve quality of life for families and communities while reducing greenhouse gas emissions.

 

Publication Date: September 14, 2016

Related Organizations:

  • State of California

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  • Laws

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