Last Year’s Climate Bond May Not Be What You Thought - Legal Planet

Last Year’s Climate Bond May Not Be What You Thought - Legal Planet

Last year, legislators passed, the governor signed, and California voters approved, a ten billion dollar climate bond (the Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024, SB 867 (Allen), which appeared on the November ballot as Proposition 4). While the bond act’s full title largely tells the story of its contents, the water- and resilience-focused spending may not be what all Californians expected…