California Pollution Control Financing Authority: Capital Access Loan Program.
The California Pollution Control Financing Authority Act establishes the Capital Access Loan Program for small businesses, administered by the California Pollution Control Financing Authority, which provides loans through participating financial institutions to qualifying small businesses. The authority is required to create a loss reserve account for each financial institution. The act requires a financial institution, if it decides to enroll a qualified loan under the act in order to obtain the protection against loss provided by its loss reserve account, to notify the authority in writing, as specified, within 10 days after the date on which the loan is made. The act requires a participating financial institution, when making a qualified loan that will be enrolled under the act, to require the qualified business to which the loan is made to pay a fee of not less than 2% of the principal amount of the loan, but not more than 312% of the principal amount, for deposit in the loss reserve account.
us/states/ca
California Legislature
20112012
SB 1116
California SB 1116 (20112012)
bill
California Pollution Control Financing Authority: Capital Access Loan Program.
California SB 1116 (20112012) — California Pollution Control Financing Authority: Capital Access Loan Program.
The California Pollution Control Financing Authority Act establishes the Capital Access Loan Program for small businesses, administered by the California Pollution Control Financing Authority, which provides loans through participating financial institutions to qualifying small businesses. The authority is required to create a loss reserve account for each financial institution. The act requires a financial institution, if it decides to enroll a qualified loan under the act in order to obtain the protection against loss provided by its loss reserve account, to notify the authority in writing, as specified, within 10 days after the date on which the loan is made. The act requires a participating financial institution, when making a qualified loan that will be enrolled under the act, to require the qualified business to which the loan is made to pay a fee of not less than 2% of the principal amount of the loan, but not more than 312% of the principal amount, for deposit in the loss reserve account.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, to Consent Calendar. — 17–0 (pass) · lower
3rd Reading — 39–0 (pass) · upper
SB 1116 Leno Consent Calendar Second Day — 79–0 (pass) · lower
Do pass as amended and be re-referred to the Committee on Banking and Finance. — 6–0 (pass) · lower
Do pass, but re-refer to the Committee on Environmental Quality. — 6–0 (pass) · upper
Placed on Appropriations Suspense file. — 7–0 (pass) · upper
Unfinished Business SB1116 Leno Concurrence — 38–0 (pass) · upper
Do pass and be re-referred to the Committee on Appropriations. — 10–0 (pass) · lower
Do pass as amended, and re-refer to the Committee on Appropriations. — 6–0 (pass) · upper
Do pass. — 7–0 (pass) · upper
Sponsors
Leno — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2012-02-17 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2012-02-21 From printer. May be acted upon on or after March 19.
2012-03-01 Referred to Coms. on B. & F.I. and E.Q. referral-committee
2012-03-09 Set for hearing April 11.
2012-04-11 From committee: Do pass and re-refer to Com. on E.Q. (Ayes 6. Noes 0. Page 3119.) (April 11). Re-referred to Com. on E.Q. referral-committee, committee-passage, committee-passage-favorable
2012-04-17 Set for hearing April 23.
2012-04-25 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 3262.) (April 23). amendment-passage, committee-passage, committee-passage-favorable
2012-04-26 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
2012-05-04 Set for hearing May 14.
2012-05-14 Placed on APPR. suspense file.
2012-05-18 Set for hearing May 24.
2012-05-24 From committee: Do pass. (Ayes 7. Noes 0. Page 3590.) (May 24). committee-passage, committee-passage-favorable
2012-05-25 Read second time. Ordered to third reading. reading-2, reading-1
2012-05-29 Read third time. Passed. (Ayes 39. Noes 0. Page 3643.) Ordered to the Assembly. reading-3, reading-1, passage
2012-05-30 In Assembly. Read first time. Held at Desk. reading-1
2012-06-15 Referred to Coms. on J., E.D. & E. and B. & F. referral-committee
2012-06-26 From committee: Do pass as amended and re-refer to Com. on B. & F. (Ayes 6. Noes 0.) (June 26). amendment-passage, committee-passage, committee-passage-favorable
2012-06-27 Read second time and amended. Re-referred to Com. on B. & F. reading-2, reading-1, amendment-passage, referral-committee
2012-07-03 From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (July 2). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2012-08-09 From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 8). committee-passage, committee-passage-favorable
2012-08-13 Read second time. Ordered to consent calendar. reading-2, reading-1
2012-08-16 Read third time. Passed. (Ayes 79. Noes 0. Page 5968.) Ordered to the Senate. reading-3, reading-1, passage
2012-08-16 In Senate. Concurrence in Assembly amendments pending.
2012-08-21 Assembly amendments concurred in. (Ayes 38. Noes 0. Page 4625.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2012-08-24 Enrolled and presented to the Governor at 4:30 p.m.
2012-09-07 Approved by the Governor. executive-signature
2012-09-07 Chaptered by Secretary of State. Chapter 274, Statutes of 2012.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/bf0a8c6e-5ed8-4a16-b6c8-2bfdbe60acaf. Confidence: reported (aggregated from official California legislature records).