California Infrastructure and Economic Development Bank information
State owned bank
California Infrastructure and Economic Development Bank
Company type
Public bank
Industry
Banking financial services
Founded
1994; 30 years ago (1994) in Sacramento, California[1]
Headquarters
Sacramento, California
,
United States
Area served
California
Key people
Scott Wu (executive director
Operating income
(2021)
Net income
US$519.14 million[2]
Owner
Government of California
The California Infrastructure and Economic Development Bank (IBank) is a state-owned, state-run financial institution based in Sacramento, California. The bank operates under the Bergeson-Peace Infrastructure and Economic Development Bank Act of 1994 and is governed by a five-member board of directors.[3] Part of the banks purpose is to aid the development and financing of infrastructure projects, ranging from roads to the improvement of port facilities, by issuing bonds and providing financing to public agencies.[4][5][6][7] Extending from this the bank created the California Lending for Energy and Environmental Needs Center (CLEEN) to help address greenhouse gas emissions within the state.[8][9]
^California Economic Development and Infrastructure Act (Bill AB 1495). California Legislature. 1994.
^California Infrastructure and Economic Development Bank (2021). Comprehensive Annual Financial Report (PDF) (Report). Retrieved March 24, 2013.
^National League of Cities (December 2016). Paying for local infrastructure in a new era of federalism a State-by-State analysis (PDF) (Report). p. 16. Retrieved March 24, 2023.
^Ni, Anna Ya (December 1, 2012). "The Risk-Averting Game of Transport Public-Private Partnership: Lessons from the Adventure of California's State Route 91 Express Lanes". Public Performance & Management Review. 36 (2): 253–274. doi:10.2753/PMR1530-9576360205. ISSN 1530-9576. S2CID 155731017.
^Fisher, Anthony H. (August 29, 2015), Feldstein, Sylvan G.; Fabozzi, Frank J. (eds.), "California's Workers' Compensation Insurance Crisis and the Financing of the California Insurance Guarantee Association", The Handbook of Municipal Bonds, Hoboken, NJ, USA: John Wiley & Sons, Inc., pp. 1211–1214, doi:10.1002/9781119198093.ch83, ISBN 978-1-119-19809-3, retrieved March 25, 2023
^Murray, Meegen Michelle (2012). Cargo on the move: options for infrastructure and air quality improvements at the San Pedro Bay ports (Master of Public Policy and Administration). California State University, Sacramento.
^Price, Willard (2002). "Innovation in Public Finance: Implications for the Nation's Infrastructure". Public Works Management & Policy. 7 (1): 63–78. doi:10.1177/1087724X02007001006. ISSN 1087-724X. S2CID 153849663.
^Keenan, Jesse M. (2019). Climate adaptation finance and investment in California. London. ISBN 978-0-429-39875-9. OCLC 1061869750.{{cite book}}: CS1 maint: location missing publisher (link)
^"FAQs | California Infrastructure and Economic Development Bank (IBank)". Retrieved March 25, 2023.
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Global Information
US$519.14 million[2]