Publications
IBank’s current programs include the Infrastructure State Revolving Fund (ISRF) and California Lending for Energy and Environmental Needs Center (CLEEN) Programs for direct loans to municipalities, universities, schools and hospitals. IBank Bond Financing Programs include 501(c)(3) bonds, Industrial Development bonds, Exempt Facility bonds and Public Agency Revenue bonds for public and private entities. In addition, IBank has the Small Business Finance Center (SBFC) with a variety of programs for small businesses. IBank and the SBFC each submit reports to the Legislature, and IBank produces a Comprehensive Annual Financial Report (CAFR), annually.
Contact IBank:
Office: 1325 J Street, Suite 1300, Sacramento, CA 95814
Mailing: P.O. Box 2830, Sacramento, CA 95812-2830
E-mail us HERE
Telephone: (916) 341-6600
Annual Legislative Reports
IBank shall, not later than November 1 of each year, submit to the Governor and the Legislature, pursuant to Section 9795, a report for the preceding fiscal year ending on June 30 containing information on the bank’s activities relating to the infrastructure bank fund and programs.
Not later than November 1 of each year, per Government Code Section 63035, IBank is required to submit to the Governor and the Joint Legislative Budget Committee a report of its activities for the preceding fiscal year.
California Infrastructure And Economic Development Bank (IBank)
- 2018/2019 Annual Report
- 2017/2018 Annual Report
- 2016/2017 Annual Report
- 2015/2016 Annual Report
- 2014/2015 Annual Report
- 2013/2014 Annual Report
- 2012/2013 Annual Report
Small Business Loan Guarantee Program (SBLGP)
Per Government Code 63089.98, not later than January 1 of each year, the program manager shall prepare and submit to the Governor and the Legislature a report for the preceding fiscal year ending June 30, containing the expansion fund and trust fund financial product activity of each Financial Development Corporation that administer guarantees under the SBLGP.
Annual Financial Reports
IBank’s Comprehensive Annual Financial Report (CAFR) shall be made available for inclusion in the Annual Activity Report before it is due to the Legislature on November 1 of each year.
Comprehensive Annual Financial Reports (CAFR’s)
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2019
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2018
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2017
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2016
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2015
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2014
- Comprehensive Annual Financial Report (CAFR’s) for the Fiscal Year Ended June 30, 2013
Bond Rating Agency Report
Rating agencies assess the financial strength of corporations and governmental entities by incorporating a variety of factors, such as the strength of the issuer’s finances and its future prospects and noting them by credit ratings from a triple A (highest rating) to triple B (lowest rating). The ratings are opinions of the rating agencies and do not provide an investment advice or recommendations to buy, sell, or hold a security.
Infrastructure State Revolving Fund Program Bonds
- ISRF 2016A Bonds Moody’s Ratings Letter, June 6, 2016
- ISRF 2016A Bonds S&P Ratings Letter, June 1, 2016
- Fitch Rating Letter 2016A, June 6, 2016
- Moodys’s CA ISRF 08 Escrow Rating Letter, August 31, 2015
- Fitch Letter, May 15, 2015
- Standard & Poor’s Letters, May 18, 2015
- Moody’s Rating Letter, May 12, 2015
- Fitch Rates California Infrastructure & Econ Devel Bank’s Ser 2014A SRF Bonds ‘AAA’; Outlook Stable, January 30, 2014
- Moody’s assigns Aa1 to CA I-Bank’s (CA) Series 2014A Bonds, January 30, 2014
- Standard & Poor’s Rating Services Assigns AAA Rating to California Infrastructure State Revolving Fund Revenue Bonds, Series 2014A, January 9, 2014
- Standard & Poor’s Ratings Services Affirms AA+ Rating for the California Infrastructure State Revolving Fund Revenue Bonds, Series 2008, January 15, 2014
Clean Water State Revolving Fund Program Bonds
- Fitch Ratings for California Infrastructure & Economic Development Bank (CA) Clean Water State Revolving Fund Revenue Bonds Series 2012, October 12, 2012
- Moody’s Assigns a AAA Rating to California Infrastructure and Economic Development Bank Clean Water State Revolving Fund Revenue Series 2012 Bonds; Outlook is Stable, October 10, 2012
- Standard & Poor’s Ratings Services Assigned its AAA Long-Term Rating to California Infrastructure And Economic Development Bank’s (I-Bank) Series 2012 Clean Water State Revolving Fund (SRF) Revenue Bonds And I-Bank’s Series 2002 Clean Water SRF Revenue Bonds, October 10, 2012
California Energy Commission State Revolving Fund Program Bonds
Board Approved Policies
IBank’s Board of Directors is responsible for adopting criteria, priorities, guidelines and interest rate methodology for financing programs. The following are the documents that set IBank’s operational policies including investment, tax compliance, audit procurement and more.
- 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 Approved on 08/24/2010
- 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
Small Business Finance Center Report
The Small Business Finance Center features a COVID-19 Disaster Relief Loan Guarantee Program. This report reflects the number of conditionally approved loans made, the dollar amount of the loan guarantee as well as the small business activity supported by the guarantee.
