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IBank Board Approved Policies

IBank Board Approved Policies

Criteria, Priorities and Guidelines for the Selection of Projects for IBank Financing Under the California Lending for Energy and Environmental Needs (CLEEN) Center Adopted August 25, 2015
Criteria, Priorities and Guidelines for the Selection of Projects Under the ISRF Program Adopted February 23, 2016
Interest Rate Setting Methodology for the Infrastructure State Revolving Fund Loan Program
Conflict of Interest Code Adopted January 24, 2017
Investment Policy Adopted October 23, 2019
Debt Management Policy Adopted October 24, 2017
Policies and Procedures for Conduit Revenue Bond Financing for Economic Development Facilities Updated 06/27/2017
Post-Issuance Tax Compliance Policy for Tax Exempt Bonds Amended October 9, 2012
Small Business Finance Center Directive and Requirements Adopted October 24, 2017
Audit Procurement Policy — Resolution No. 07-12 Adopted April 24, 2007

IBank News: Scott Wu Appointed Executive Director

SACRAMENTO (Jan. 22, 2020) – The California Infrastructure and Economic Development Bank (IBank) has announced innovation and investment expert Scott Wu as its Executive Director, effective immediately.

Wu was appointed as the Executive Director after spending the last several years leading and advising teams focused on financing beneficial and innovative solutions to large-scale, public sector issues. The long-time Northern California resident was a partner and head of investments for the Omidyar Network where he also led the firm’s activities to provide energy to off-grid communities around the world. He was a Presidential Innovation Fellow in the Obama White House where he served as senior advisor to the innovation investing of USAID.

Catalyst Revolving Loan Fund

IBank is currently working on a potential financing program called the Climate Catalyst Revolving Loan Fund for the budget year 2020-2021. To receive information on this fund as it becomes available, please submit your name and email address HERE.

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IBank 2018-2019 Annual Report — Pending Approval

IBank is proud of the great work done during the fiscal year 2018-2019. More than $644 million in financing was done by IBank in the year, including nearly $104 million in Infrastructure State Revolving Fund loans alone. The DRAFT VERSION is available for viewing but is pending approval: 2019 IBank Annual Report 11.4.19

Nancee’s Blog — Chief Deputy Executive Director Nancee Robles

I can recall some monumental years. When I was a young girl growing up in Alaska, I watched the Independence Day Parade in 1976 and asked my Dad why this 4th of July was so special. At the time, America’s 200th birthday seemed enormous.

In the last moments of 1999, I rang in the New Year to 2000 and was not surprised that the world did not end or that the computers did not crash, but I was amazed at that number – 2000. I can hardly believe that was twenty years ago. Back then, when I heard “the year 2020” it seemed light years away.

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