California Infrastructure and Economic Development Bank explained
| California Infrastructure and Economic Development Bank |
| Type: | Public bank |
| Industry: | Banking
financial services |
| Founded: | in Sacramento, California[1] |
| Location City: | Sacramento, California |
| Location Country: | United States |
| Area Served: | California |
| Key People: | Scott Wu (executive director |
| Income Year: | 2021 |
| Net Income: | [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] 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.[7] [8]
See also
Notes and References
- Bill . AB 1495 . 1994 . California Legislature . California Economic Development and Infrastructure Act.
- California Infrastructure and Economic Development Bank . 2021 . Comprehensive Annual Financial Report . March 24, 2013.
- Paying for local infrastructure in a new era of federalism a State-by-State analysis . National League of Cities . December 2016 . 16 . 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 . 10.2753/PMR1530-9576360205 . 155731017 . 1530-9576.
- Master of Public Policy and Administration . Murray . Meegen Michelle . 2012 . Cargo on the move: options for infrastructure and air quality improvements at the San Pedro Bay ports . California State University, Sacramento.
- Price . Willard . 2002 . Innovation in Public Finance: Implications for the Nation's Infrastructure . Public Works Management & Policy . en . 7 . 1 . 63–78 . 10.1177/1087724X02007001006 . 153849663 . 1087-724X.
- Book: Keenan, Jesse M. . Climate adaptation finance and investment in California . 2019 . 978-0-429-39875-9 . London . 1061869750.
- Web site: FAQs California Infrastructure and Economic Development Bank (IBank) . 2023-03-25 . en.
