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
- State of California