Climate adaptation strategy: strategic resiliency framework: Resiliency through Adaptation, Economic Vitality, and Equity Account.

Existing law requires the Natural Resources Agency to update every 3 years the state's climate adaptation strategy, known as the Safeguarding California Plan, to identify vulnerabilities to climate change by sectors and priority actions needed to reduce the risks in those sectors. This bill would require the Secretary of the Natural Resources Agency, on or before July 1, 2021, to review the plan and develop a strategic resiliency framework, as specified. The bill would require updates to the plan to include, among other things, a review of the progress made implementing past plans and an evaluation of each lead agency's lead adaptation efforts, as well as a detailed description of the framework developed by the secretary. The bill would require each state agency identified in the framework to report to the secretary progress completing the recommendations and actions. The bill would create the Resiliency through Adaptation, Economic Vitality, and Equity Account in the State Treasury, with moneys in the account, upon appropriation, to be allocated to provide financial assistance in the form of grants and financing, as defined, for climate resiliency and adaptation projects that achieve the recommendations and actions called for in the framework. The bill would require the secretary, in consultation with the Treasurer and the Director of State Planning and Research, to develop grants and financing to implement the recommendations and actions called for in the framework, as specified.