California Infrastructure and Economic Development Bank

Welcome

Welcome to the Web site for the California Infrastructure and Economic Development Bank (I-Bank). The purpose of this site is to help you obtain an overview of our programs, and to guide you through the process of obtaining any assistance we can provide.

We are proud to serve the Governor and the State of California as the State's only general purpose financing authority. The mission of the I-Bank is to finance public infrastructure and private development that promote economic growth, revitalize communities and enhance quality of life for Californians. The I-Bank has extremely broad statutory powers to issue revenue bonds, make loans and provide credit enhancements for a wide variety of infrastructure and economic development projects and other government purposes. As we approach $30 billion in various financings, we continue to be motivated by the financing challenges faced by infrastructure projects throughout our State.

In addition to reviewing information available here, feel free to contact us by email or telephone with questions particular to your project. Thanks for stopping by and visiting us on the Web!


Stan Hazelroth
Executive Director


ANNOUNCEMENTS

  • RFQ: The I-Bank has released a Request for Qualification to firms interested in providing both Bond and Disclosure Counsel Services for the State School Fund Apportionment Lease Revenue Bond Program. The RFQ can be accessed here.
  • Office Closure: Until further notice, the I-Bank office will be closed the first three Fridays of each month. This closure is in compliance with the Governor's Executive Order (S-13-09) that addresses the state's ongoing fiscal crisis. For a complete list of all office closure dates, please click here.
  • Update: Effective for applications submitted for the September 2009 Board Meeting, the I-Bank is amending the Conduit Bond policy to require applications be submitted not later than 4:00 P.M. on the 30th calendar day preceding the date of the meeting at which a Participating Party wishes the Infrastructure Bank to adopt a final resolution authorizing the sale of bonds. For a list of Bond Programs application deadlines, please click here.
  • I-Bank Announces Recovery Zone Economic Development Bonds Pool Finance Program: Eligible cities and counties are invited to participate in the California Recovery Zone Economic Development Bonds Pool Finance Program providing the opportunity to take advantage of a new type of financing vehicle authorized by recently enacted legislation, the American Recovery and Reinvestment Act. For more information about this new program, please click here.
  • The next I-Bank Board meeting is scheduled for Tuesday, December 15, 2009 at 1:30 PM. Please check back soon for the next scheduled meeting date. Board meetings are typically held in the Conference Center located at 980 9th Street, 2nd Floor, Rooms A, B & C, Sacramento, CA. I-Bank Board Meetings will also be simultaneously audio webcast at http://www.calepa.ca.gov/broadcast/. If you have any questions or wish to be added to the I-Bank's Board Agenda electronic mailing list, please email us at ibank@ibank.ca.gov.
  • Stan Hazelroth
    I-Bank Executive Director Stan Hazelroth recently traveled to Washington D. C. to participate in ‘A National Infrastructure Bank: The Bank That Won't Need a Bailout -Third Way and Building America', for a discussion on how the creation of a National Infrastructure Bank can help America “get there first” in the global race toward innovation, new jobs and American middle class success. To view the full event video, courtesy of Third Way, please click here. Or read the event transcript here.
 

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