Monique Limón
- Democratic
- Senator
- District 21
Author
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. This bill would state the intent of the Legislature to direct specific percentages of the revenues deposited into the Greenhouse Gas Reduction Fund to individual funds dedicated to funding clean transportation, housing and community investment, clean air and water, wildfire prevention and resilience, agriculture, clean energy, and climate-focused innovation. The bill would make the continuous appropriations from the fund inoperative on July 1, 2026. The bill would, beginning with the 2026–27 fiscal year, allocate moneys in the fund in a specified priority and would continuously appropriate a certain amount of moneys in the fund for certain purposes. This bill would require the state board, no later than December 31, 2026, to conduct a study and report to the Legislature evaluating and making recommendations on the use of offsets. The bill would require the state board, no later than January 1, 2029, to update all existing compliance offset protocols to reflect the best available science. The bill would require the state board, no later than January 1, 2034, and every 5 years thereafter, to evaluate all compliance offset protocols and to consider whether updates are necessary to ensure the protocols reflect the best available science. This bill would declare that it is to take effect immediately as an urgency statute.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 121, Statutes of 2025.
Enrolled and presented to the Governor at 2 p.m.
Read third time. Urgency clause adopted. Passed. (Ayes 59. Noes 15. Page 3486.) Ordered to the Senate.
Assembly amendments concurred in. (Ayes 28. Noes 6. Page 3054.) Ordered to engrossing and enrolling.
Urgency clause adopted.
In Senate. Concurrence in Assembly amendments pending.
Assembly Rule 63 suspended. (Ayes 57. Noes 20. Page 3441.)
From committee: Do pass. (Ayes 10. Noes 2.) (September 12).
Ordered to third reading.
Joint Rule 61 and 62(a) suspended. (Ayes 31. Noes 9. Page 2801.)
Joint Rule 62(a) suspended.
Re-referred to Com. on NAT. RES. pursuant to Assembly Rule 77.2.
Read third time and amended.
Joint Rule 61(a)(13) suspended. (Ayes 60. Noes 20. Page 3128.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 15. Noes 0.) (August 29).
August 20 set for first hearing. Placed on APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (July 14). Re-referred to Com. on APPR.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 38. Noes 0. Page 1406.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 0. Page 1215.) (May 23).
Set for hearing May 23.
May 12 hearing: Placed on APPR. suspense file.
Set for hearing May 12.
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.
Set for hearing April 30.
April 23 set for first hearing canceled at the request of author.
Set for hearing April 23.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 24.
Read first time.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB840 | HTML |
| 02/21/25 - Introduced | |
| 03/26/25 - Amended Senate | |
| 09/10/25 - Amended Assembly | |
| 09/15/25 - Enrolled | |
| 09/19/25 - Chaptered |
| Document | Format |
|---|---|
| 04/28/25- Senate Environmental Quality | |
| 05/09/25- Senate Appropriations | |
| 05/26/25- Sen. Floor Analyses | |
| 07/11/25- Assembly Natural Resources | |
| 08/18/25- Assembly Appropriations | |
| 09/02/25- ASSEMBLY FLOOR ANALYSIS | |
| 09/11/25- Assembly Natural Resources | |
| 09/12/25- ASSEMBLY FLOOR ANALYSIS | |
| 09/13/25- Sen. Floor Analyses |
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