Calif. Cap-And-Trade Laws Still Hazy On Project Funding

Law360, San Diego (October 4, 2012, 11:00 PM EDT) -- The recent approval of two cap-and-trade spending bills brings California one step closer to doling out $1 billion in revenues expected from the program, but it remains unclear which projects will qualify for funding, and challenges over whether the winners meet the criteria could end up in court, experts said Thursday.

Gov. Jerry Brown on Sunday signed into law the measures — A.B. 1532, introduced by Assemblyman John Perez, D-Los Angeles, and S.B. 535, introduced by Sen. Kevin De Leon, D-Los Angeles — which give guidance...
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