21 Jan California Infrastructure and Economic Development Bank (I-Bank)
Program Name: California Infrastructure and Economic Development Bank (I-Bank)
Resource Type: State
State: California, Pacific Coast
Agency: Program Source: Loan
Description: The I-Bank is proud to serve the Governor and the State of California as the State’s only general purpose financing authority. The mission of the I-Bank is to finance public infrastructure and private development that promote economic development, revitalize communities and enhance quality of life for Californians. The I-Bank has extremely broad statutory powers to issue revenue bonds, make loans and provide credit enhancements for a wide variety of infrastructure and economic development projects and other government purposes. The I-Bank administers the Infrastructure State Revolving Fund (ISRF) Program that provides low-cost, direct loans to local governments for a wide variety of public infrastructure, including port facilities (docks, harbors, ports of entry, piers, small boat harbors, marinas and related facilities), and also issues tax-exempt bonds for privately-owned port facilities through the Conduit Bond Financing Programs.