(a) Annually, commencing October 1, 2021, and no later than October 1 of each year, the bank shall prepare and submit to the Strategic Growth Council, the Governor, the Speaker of the Assembly, and the President pro Tempore of the Senate, a report containing Climate Catalyst Revolving Loan Fund Program activity for the preceding fiscal year ending June 30, and including all of the following:
(1) Information on individual Climate Catalyst Revolving Loan Fund Program financing, specifically all of the following:
(A) Climate catalyst project category.
(B) Climate catalyst project description.
(C) Financial assistance amount.
(D) Outstanding financial assistance amount due.
(E) The county and city of the funded climate catalyst project.
(F) A description of the expected contribution of the climate catalyst project to the state’s climate policy objectives, including both greenhouse gas reduction and climate resilience benefits.
(G) Type and quality of any jobs created as a result of the financial assistance.
(2) Total number and type of financial assistance issued to small businesses.
(3) Total number and type of applications received.
(4) Recommendations on needed Climate Catalyst Revolving Loan Fund Program changes or improvements to meet the objectives of this article. The bank shall meet and confer with the Strategic Growth Council prior to the annual submission of the report required herein in an effort to develop those recommendations.
(5) Any advice provided by the Strategic Growth Council pursuant to Section 63048.93.
(b) The report submitted pursuant to subdivision (a) shall be submitted in compliance with Section 9795.
(c) (1) The report shall be posted on the bank’s internet website.
(2) The report shall be presented to the Strategic Growth Council at its final public meeting of the calendar year in which the report was prepared. If the Strategic Growth Council holds no public meetings following the submission of the report, the report shall be presented to the Strategic Growth Council at its next available public meeting.
(Added by Stats. 2020, Ch. 10, Sec. 2. (AB 78) Effective June 29, 2020.)