The California 2023 Legislative Session recently concluded on September 14, 2023, leading to Governor Gavin Newsom deliberating on multiple significant changes to water-related laws in California. Flash forward thirty days to October 14, 2023, which was Newsom’s deadline to approve all bills.
Moreover, The State Water Resources Control Board (State Board), has issued new guidelines with respect to water right reporting obligations and corresponding timeframes. See the full details at JD Supra.
The adjustments to these environmental laws and policies could introduce a new landscape for public and private enterprises. This not only could lead to revised compliance regulation, but could also influence long-term infrastructure planning, particularly for companies that rely heavily on water resources.
These overhauls might have been driven by an increased emphasis on sustainable practices in various sectors. Additionally, as California grapples with water scarcity, an nexis of environmental law and corporate strategy is expected.
It is, therefore, advisable that corporations and legal firms operating in California keep themselves abreast with these changes to respond proactively. In-depth understanding and compliance to environmental laws could play a critical role in ensuring business continuity in face of evolving legislative landscape.
Authored By: Allen Matkins