Bergeson-Peace Infrastructure and Economic Development Bank Act.
Summary
(1) The Bergeson-Peace Infrastructure and Economic Development Bank Act sets forth the duties of the California Infrastructure and Economic Development Bank in financing economic development facilities, and promoting infrastructure and economic development opportunities in the state generally. This bill would require the bank to consult, and authorize it to coordinate implementation of its revolving loan program, with local and regional revolving loan funds and networks of revolving loan funds, for specified purposes. (2) The act requires the bank to establish criteria, priorities, and guidelines for the selection of public infrastructure projects to receive assistance from the bank, to be based on a minimum of specified factors. This bill would repeal these provisions and instead apply these requirements to public and private projects that receive conduit financing through the bank. The bill, beginning January 1, 2013, would require a project selected to receive this assistance from the bank to additionally have economic development benefits and meet land use criteria pursuant to these provisions. This bill would also require the bank to develop a methodology and process to allow the bank to measure the economic development benefits of a project.
Bill status
vetoed
4 of 5 stages cleared
Introduction
Feb 2011
Committee Review
Sep 2011
Assembly Passage
Jun 2011
Senate Passage
Aug 2011
Vetoed
Oct 2011
Introduced Feb 17, 2011
Vetoed Oct 5, 2011
Floor votes · Senate Aug 31, 2011 · Assembly Jun 1, 2011
How they voted
21–11
Passed · 3 other
Total votes 35
Aug 31, 2011
D
Democratic23
91% Yea
R
Republican12
91% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
30
Key actions
11
Committee
12
Amendments
4
Oct 5, 2011
Vetoed
Vetoed by Governor.
lower
Sep 7, 2011
Lower · Passed
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 53. Noes 26. Page 2968.).
lower
Sep 6, 2011
Lower · Passed
From committee: That the Senate amendments be concurred in. (Ayes 4. Noes 2.) (September 6).
lower
Sep 2, 2011
Committee
Re-referred to Com. on J., E.D. & E. pursuant to Assembly Rule 77.2.
lower
Sep 1, 2011
Introduced
In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 3 pursuant to Assembly Rule 77.
lower
Aug 31, 2011
Senate · Passed
Senate Vote: pass (21-11-3)
senate
Aug 25, 2011
Upper · Passed
From committee: Do pass. (Ayes 6. Noes 3.) (August 25).
upper
Aug 15, 2011
Committee
In committee: Referred to APPR. suspense file.
upper
Jun 27, 2011
Upper · Passed
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 3.) (June 22).
upper
Jun 8, 2011
Committee
Referred to Com. on GOV. & F.
upper
Jun 1, 2011
Assembly · Passed
Assembly Vote: pass (45-23-4)
assembly
May 27, 2011
Lower · Passed
From committee: Do pass as amended. (Ayes 12. Noes 5.) (May 27).
lower
May 27, 2011
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
May 18, 2011
Lower · Passed
In committee: Hearing postponed by committee.
lower
May 11, 2011
Committee
Re-referred to Com. on APPR.
lower
May 9, 2011
Lower · Passed
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 2.) (May 3).
lower
Mar 31, 2011
Lower · Passed
In committee: Set, first hearing. Hearing canceled at the request of author.
lower
Mar 3, 2011
Committee
Referred to Com. on J., E.D. & E.
lower
Feb 18, 2011
Lower · Passed
From printer. May be heard in committee March 20.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ben Hueso
DDemocratic
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