Bill Text: CA AB3245 | 2019-2020 | Regular Session | Introduced

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Bill Title: Bergeson-Peace Infrastructure and Economic Development Bank Act.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-02-24 - Read first time. [AB3245 Detail]

Download: California-2019-AB3245-Introduced.html

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CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill

No. 3245

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Introduced by Assembly Member Santiago

February 21, 2020

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An act to amend Section 63002 of the Government Code, relating to infrastructure finance.

LEGISLATIVE COUNSEL'S DIGEST

AB 3245, as introduced, Santiago. Bergeson-Peace Infrastructure and Economic Development Bank Act.

The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the California Infrastructure and Economic Development Bank (I-Bank). Among other things, the act authorizes the I-Bank to make loans, issue bonds, and provide financial assistance to economic development or public development facilities.

This bill would make nonsubstantive changes to the act.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 63002 of the Government Code is amended to read:

63002.

 This division shall be known known, and may be cited cited, as the Bergeson-Peace Infrastructure and Economic Development Bank Act.