Infrastructure investment and financing.

The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governor's Office of Business and Economic Development. The act authorizes the bank to provide financial assistance for various types of projects that qualify as public development or economic development facilities and to finance transition costs of an electrical corporation, as provided. This bill would state the intent of the Legislature to establish and provide initial funding for the Resilient Activities and Development Agency and the California Resourcient Infrastructure Corporation, as provided.