California AB 733 - Enhanced Infrastructure Financing Districts for Climate Adaptation

The California legislature passed AB 733 specifically authorizing the creation of enhanced infrastructure financing districts for climate change adaptation projects, and the legislation was signed into law by Governor Brown on October 11, 2017.

AB 733 amends existing law enabling cities and counties to establish infrastructure financing districts to finance projects and facilities of community-wide significance. This legislation added in specific authorization allowing cities and counties to finance “projects that enable communities to adapt to the impacts of climate change, including, but not limited to, higher average temperatures, decreased air and water quality, the spread of infectious and vector-borne diseases, other public health impacts, extreme weather events, sea level rise, flooding, heat waves, wildfires, and drought.”  This new authority will allow financing for new programs and for the design and construction of more resilient infrastructure, natural systems projects, and projects for reducing flood risks.

Publication Date: October 11, 2017

Sectors:

Resource Category:

Resource Types:

  • Funding program
  • Laws

States Affected:

Impacts:

Go To Resource