Greenhouse gases: Greenhouse Gas Reduction Fund: studies.
The California Global Warming Solutions Act of 2006 requires the State Air Resources Board to adopt regulations for greenhouse gas emissions limits and emissions reduction measures to achieve the maximum technologically feasible and cost-effective reductions in greenhouse gas emissions in furtherance of achieving the statewide greenhouse gas emissions limit, as defined. The act authorizes the state board to revise regulations or adopt additional regulations to further the act. The act authorizes that state board to include in those regulations the use of a market-based compliance mechanism to comply with those regulations. Existing law requires the state board, in regulations implementing the market-based compliance mechanism to, among other things, establish limits on the use of offset credits as a means for a covered entity to meet its compliance obligations. Existing law requires moneys collected by the state board from the auction or sale of allowances as part of a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund and continuously appropriates a portion of the moneys in the fund for various purposes.
California SB 840 (20252026) — Greenhouse gases: Greenhouse Gas Reduction Fund: studies.
The California Global Warming Solutions Act of 2006 requires the State Air Resources Board to adopt regulations for greenhouse gas emissions limits and emissions reduction measures to achieve the maximum technologically feasible and cost-effective reductions in greenhouse gas emissions in furtherance of achieving the statewide greenhouse gas emissions limit, as defined. The act authorizes the state board to revise regulations or adopt additional regulations to further the act. The act authorizes that state board to include in those regulations the use of a market-based compliance mechanism to comply with those regulations. Existing law requires the state board, in regulations implementing the market-based compliance mechanism to, among other things, establish limits on the use of offset credits as a means for a covered entity to meet its compliance obligations. Existing law requires moneys collected by the state board from the auction or sale of allowances as part of a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund and continuously appropriates a portion of the moneys in the fund for various purposes.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, but first be re-referred to the Committee on [Appropriations] — 8–0 (pass) · upper
Sponsors
Limón — primary (person)
Allen — coauthor (person)
Becker — coauthor (person)
Blakespear — coauthor (person)
Caballero — coauthor (person)
Gonzalez — coauthor (person)
Irwin — author (person)
Laird — coauthor (person)
McGuire — author (person)
Rivas — author (person)
Stern — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-02-21 Introduced. To Com. on RLS. for assignment. To print. introduction
2025-02-24 From printer. May be acted upon on or after March 24.
2025-02-24 Read first time. reading-1
2025-03-12 Referred to Com. on RLS. referral-committee
2025-03-26 From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2025-04-02 Re-referred to Com. on E.Q. referral-committee
2025-04-04 Set for hearing April 23.
2025-04-16 April 23 set for first hearing canceled at the request of author.
2025-04-17 Set for hearing April 30.
2025-05-01 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 964.) (April 30). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-05-02 Set for hearing May 12.
2025-05-12 May 12 hearing: Placed on APPR. suspense file.
2025-05-16 Set for hearing May 23.
2025-05-23 From committee: Do pass. (Ayes 6. Noes 0. Page 1215.) (May 23). committee-passage, committee-passage-favorable
2025-05-23 Read second time. Ordered to third reading. reading-1, reading-2
2025-06-02 Read third time. Passed. (Ayes 38. Noes 0. Page 1406.) Ordered to the Assembly. passage, reading-1, reading-3
2025-06-03 In Assembly. Read first time. Held at Desk. reading-1
2025-06-09 Referred to Com. on NAT. RES. referral-committee
2025-07-15 From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (July 14). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-08-20 August 20 set for first hearing. Placed on APPR. suspense file.
2025-08-29 From committee: Do pass. (Ayes 15. Noes 0.) (August 29). committee-passage, committee-passage-favorable
2025-09-02 Read second time. Ordered to third reading. reading-1, reading-2