{"id":4086,"date":"2025-10-14T15:17:07","date_gmt":"2025-10-14T15:17:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/4086\/"},"modified":"2025-10-14T15:17:07","modified_gmt":"2025-10-14T15:17:07","slug":"newsom-vetoes-california-finance-tool-to-rebuild-fire-hit-homes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/4086\/","title":{"rendered":"Newsom Vetoes California Finance Tool to Rebuild Fire-Hit Homes"},"content":{"rendered":"<p>California Gov. Gavin Newsom (D) vetoed Monday a bill that sought to create a new <a data-terminal-id=\"SX93GYT1UM0W\" href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-state\/california-pitches-new-financing-tool-for-disaster-hit-homes\" rel=\"nofollow noopener\" target=\"_blank\">financing tool<\/a> to help property owners sell their damaged homes after a disaster.<\/p>\n<p><a href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/billNavClient.xhtml?bill_id=202520260AB797\" rel=\"nofollow noopener\" target=\"_blank\">The legislation<\/a> (A.B. 797) would have allowed the Governor\u2019s Office of Business and Economic Development and the California Infrastructure and Economic Development Bank to issue zero-interest tradeable securities that financial institutions could purchase and then allocate the funds to nonprofits that would buy, rebuild, and sell properties. <\/p>\n<p>The bill passed the state senate 29-9 at the end of the session in September, and the assembly gave its final approval a few days &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"California Gov. Gavin Newsom (D) vetoed Monday a bill that sought to create a new financing tool to&hellip;\n","protected":false},"author":2,"featured_media":4087,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,4898,4899,4896,4895,4897],"class_list":["post-4086","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-capital-gains","tag-disaster-relief","tag-exemption-from-tax","tag-state-banking-legislation","tag-state-securities-legislation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/4086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=4086"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/4086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/4087"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=4086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=4086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=4086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}