Publications

IBank’s Infrastructure State Revolving Fund (ISRF) Program provides 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

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)

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.

Climate Catalyst Revolving Fund

Per Government Code 63048.94, no later than October 1 of each year, IBank shall prepare and submit to the Governor, the Speaker of the Assembly, the President pro Tempore of the Senate, and the Legislative Analyst’s Office a report containing Climate Catalyst Revolving Loan Fund Program activity for the preceding fiscal year ending June 30.

2021/2022 Climate Catalyst Annual Report

Annual Financial Reports

IBank’s Annual Comprehensive Financial Report (ACFR) shall be made available for inclusion in the Annual Activity Report before it is due to the Legislature on November 1 of each year.

Annual Comprehensive Financial Reports

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

Clean Water State Revolving Fund Program Bonds

California Energy Commission State Revolving Fund Program Bonds

Moody’s Affirms Aa3 Rating on California Infrastructure and Economic Development Bank Energy Efficiency Master Trust Revenue Bonds Series 2003A & 2005A; Outlook Remains Stable, February 1, 2012

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 IBank’s Climate Catalyst Revolving Loan Fund – Adopted January 26, 2022
Financing Plan for Climate Catalyst Revolving Loan Fund – Resolution 22-03 – Adopted January 26, 2022
Investment Policy – Dated December 30, 2021
Policies and Procedures for Conduit Revenue Bond Financing for Economic Development Facilities – Approved February 24, 2021
Small Business Finance Center Directive and Requirements – Adopted August 26, 2020
Debt Management Policy – Adopted October 24, 2017
Conflict of Interest Code – Adopted January 24, 2017
Criteria, Priorities and Guidelines for the Selection of Projects Under the ISRF Program – Adopted November 16, 2022
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
Post-Issuance Tax Compliance Policy for Tax Exempt Bonds – Amended October 9, 2012
Audit Procurement Policy – Resolution No. 07-12 – Adopted April 24, 2007
Interest Rate Setting Methodology for the Infrastructure State Revolving Fund Loan Program

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.

Small Business Finance Center COVID-19 Disaster Relief Loan Guarantee Program

IBank by the Numbers

IBank financings and related activities account for more than $53 billion of infrastructure and economic development activity that promotes a healthy climate for jobs, contributes to a strong economy, and improves the quality of life for Californians.