On April 26, California’s nonpartisan Senate Office of Oversight and Outcomes released Finding the Sweet Spot: Green Energy Incentives and Job Creation, requested by Senate President Pro Tempore Darrell Steinberg (D), arguing the state should create a state-sponsored “green bank” offering loans to cleantech companies willing to base their operations and create jobs in California. The report argues a green bank would create jobs, drive green innovation, and lessen the California taxpayer burden by replacing grants with loans. The report went on to urge the addition of a “clawback” provision in the new incentive programs to minimize taxpayer losses in the event a company fails to achieve certain goals or goes bankrupt. The report also studied the state's Self-Generation Incentive Program, the sales and use tax exemption on green industry manufacturing equipment, and the Alternative and Renewable Fuel and Vehicle Technology Program.