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Bill Summary Details

Climate Fiscal Responsibility (Support) 

SB 280 (Rodriguez) directs the state Economic Estimating Conference to annually prepare a climate fiscal responsibility report in cooperation with various state agencies. The bill requires the report to analyze the estimated impact of climate change on the state’s general obligation credit rating, debt capacity and tax base associated with increased frequency and intensity of natural disasters, as well as long-term trends like sea-level rise and global temperature changes. The report must also recommend actions to be taken over the next five, 10 and 20 years. (O’Hara)