California Infrastructure and Economic Development Bank.

Existing law creates the California Infrastructure and Economic Development Bank and provides that it shall be directed by an executive appointed by the Governor and confirmed by the Senate and governed by a specified board of directors. Existing law makes findings and declarations in this regard, provides definitions, and authorizes the board to take various actions in connection with the bank, including the issuance of bonds, as specified. This bill, among other things, would revise the definition of economic development facilities to include facilities that are used to provide goods movement and would define goods movement-related infrastructure. The bill would revise the definition of port facilities to specifically reference airports, landports, waterports, and railports. The bill would authorize the bank to join or formally participate in regional, state, national, or international organizations related to infrastructure financing and would permit the bank to serve as a facilitator of an infrastructure financing project that could or would be located in California, regardless as to whether the bank would be funding a portion of the project. The bill would revise the statement of legislative findings and declarations described above and make various technical changes.