Climate Resilience Districts
About: Climate Resilience Districts (CRDs) authorize local agencies to establish financing districts to fund and conduct projects and programs to address impacts of climate change, including wildfire, sea level rise, extreme heat and cold, drought, flooding, and related challenges. CRDs will be able to generate funding through property tax increment, voter-approved special taxes or assessments, or fees. CRDs are governed by a Public Finance Authority must adopt an annual expenditure plan, an operating budget, and capital improvement budget and is subject to review and revision.
District Type: Community Facility Financing District
Eligible Use of Funds: Plan, construct, and operate eligible climate change related projects
Eligible Lead Entities: City, county, city and county, special district
Statute: Government Code Sections 62300 - 62312