California is proposing new changes to its original emergency regulations in dealing with the equity market turbulence. The original regulatory changes only applied to new construction 9% projects allocated funds from the second round of 2016. The new proposal would allow projects from the first round of 2016 as well – giving the projects the ability to exchange 2016 credits for 2017 credits to extend federal placed in service deadlines. The Agency hopes to have the change adopted by May 17, and parties may submit public comment by 5pm April 28 via email to mark.stivers@treasurer.ca.gov.