Bill Text

Bill Information


PDF |Add To My Favorites | print page

AB-3245 Bergeson-Peace Infrastructure and Economic Development Bank Act.(2019-2020)

SHARE THIS:share this bill in Facebookshare this bill in Twitter
Date Published: 02/21/2020 09:00 PM
AB3245:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 3245


Introduced by Assembly Member Santiago

February 21, 2020


An act to amend Section 63002 of the Government Code, relating to infrastructure finance.


LEGISLATIVE COUNSEL'S DIGEST


AB 3245, as introduced, Santiago. Bergeson-Peace Infrastructure and Economic Development Bank Act.
The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the California Infrastructure and Economic Development Bank (I-Bank). Among other things, the act authorizes the I-Bank to make loans, issue bonds, and provide financial assistance to economic development or public development facilities.
This bill would make nonsubstantive changes to the act.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 63002 of the Government Code is amended to read:

63002.
 This division shall be known known, and may be cited cited, as the Bergeson-Peace Infrastructure and Economic Development Bank Act.