California Alternative Energy and Advanced Transportation Financing Authority

Assembly Bill (AB) X1 14 Regulations and Current Regulatory Actions

These regulations (“ABX1 14 Regulations”) establish the rules, process and procedures for the Clean Energy Upgrade Financing Program (“ABX1 14 Program”) including the eligibility and evaluative criteria loans must meet in order for participating financial institutions to qualify and receive a loan loss reserve contribution.

Regular Rulemaking Process

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) initially proposed the text of the ABX1 14 Regulations under the regular rulemaking process in January 2013. In response to comments received during a 45-day public comment period including two public workshops, CAEATFA made modifications and posted the proposed changes for an additional 15−day public comment period, holding a third public workshop to encourage stakeholder input and discussion. The final regulatory text was submitted to the Office of Administrative Law (OAL) for review and the regulatory action was approved and filed with the Secretary of State for inclusion in the California Code of Regulations effective May 27, 2013.

Emergency Rulemaking History

The Emergency Rulemaking File of the Clean Energy Upgrade Financing Program contains regulatory language and a Finding of Emergency. The emergency regulations were initially adopted effective May 4, 2012 and later amended effective July 16, 2012. In addition, the Authority submitted an initial re-adoption which became effective October 29, 2012, and a second re-adoption which became effective January 28, 2013.

The ABX1 14 Program was administered under the emergency regulations through April 29, 2013. During the regular rulemaking process, the required Certificate of Compliance was approved by OAL and the emergency regulations were made permanent.