The California Infrastructure and Economic Development Bank (IBank) was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. The IBank operates pursuant to the Bergeson-Peace Infrastructure and Economic Development Bank Act contained in the California Government Code Sections 63000 et seq. The IBank is located within the Governor's Office of Business and Economic Development and is governed by a five-member Board of Directors.
The IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, and leverage State and Federal funds. The IBank's current programs include the Infrastructure State Revolving Fund (ISRF) Program, 501(c)(3) Revenue Bond Program, Industrial Development Revenue Bond Program, Exempt Facility Revenue Bond Program, Governmental Bond Program and the Small Business Loan Guarantee Program.
Latest News & Announcements
The next meeting of the IBank Board is scheduled for Tuesday, September 23, 2014, at 2:00 p.m. Board meetings are typically held in the Conference Center located at 980 9th Street, 2nd Floor, Rooms A, B & C, Sacramento, CA.
The IBank has revised its Criteria, Priorities and Guidelines for loans made under its Infrastructure State Revolving Fund Program (“ISRF Program”). The revised version of the ISRF Program Criteria, Priorities and Guidelines (“ISRF Criteria”) can be obtained by clicking here. And the interest rate setting methodology can be accessed here.
CALIFORNIA FINANCING COORDINATING COMMITTEE (CFCC) EVENT OFFERS ONE-STOP INFORMATION SOURCE FOR LOCAL GOVERNMENTS. The IBank, along with six partner agencies, will host free upcoming CFCC Funding Fairs in various locations throughout California. Funding Fairs will offer public works and local government representatives the opportunity to learn about current available funding for infrastructure projects. Register to attend here.
The IBank Board is pleased to announce the approval of an $8.4 million loan to the B Street Theatre for the contruction of a new downtown theatre complex. B Street is the first nonprofit to take advantage of a recent overhaul of the IBank's Infrastructure State Revolving Fund Loan Program lending criteria. To listen to the Insight Capitol Public Radio Interview with Bill Blake, B Street Theatre Managing Director, please click here. Find more news on the B Street Theatre's loan approval by visiting our newsroom.
Introducing I-Bank's searchable project mapping tool. Locate I-Bank funded projects by category, borrower or geographic location. Click here to check out our maps!