Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances measure to expand financing tools for California FAIR Plan
Summary
AB 226 would allow the California Infrastructure and Economic Development Bank (IBank) to accept FAIR Plan bond proceeds and streamline the FAIR Plan's access to liquidity; supporters said it would strengthen insurer-of-last-resort capacity amid wildfire risks and the bill was placed on the suspense file and later recorded as due pass.
Assemblymember Alvarez presented AB 226, which would expand the California Infrastructure and Economic Development Banks (IBank) ability to receive bond proceeds and related revenues and would streamline access to liquidity for the California FAIR Plan. Alvarez said the bills fiscal impact is "negligible" to taxpayers…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
