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republic-os/legislation/us/states/ca/20192020/ab-78.md
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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:36 -04:00

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---
type: "Bill"
title: "Bergeson-Peace Infrastructure and Economic Development Bank."
description: "The Bergeson-Peace Infrastructure and Economic Development Bank Act (Bank Act) establishes the California Infrastructure and Economic Development Bank (I-Bank) in the Governor's Office of Business and Economic Development, that is governed by a board of directors. The Bank Act, among other things, authorizes the I-Bank to make loans, issue bonds, and provide financial assistance for various types of projects that qualify as economic development or public development facilities."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20192020"
identifier: "AB 78"
citation: "California AB 78 (20192020)"
classification: ["bill", "appropriation"]
subjects: ["Bergeson-Peace Infrastructure and Economic Development Bank."]
status: "enacted"
primary_sponsors: ["Committee on Budget"]
version_count: 6
action_count: 27
vote_count: 5
first_action: "2018-12-03"
last_action: "2020-06-29"
source: "openstates"
source_identifier: "ocd-bill/ce29d642-2e69-4745-b156-a4232ea40c44"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB78"
source_hash: "330b9c8908aab6563501bd52082362c5caf484e25e127d52b858bddc6dda5451"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---
# California AB 78 (20192020) — Bergeson-Peace Infrastructure and Economic Development Bank.
The Bergeson-Peace Infrastructure and Economic Development Bank Act (Bank Act) establishes the California Infrastructure and Economic Development Bank (I-Bank) in the Governor's Office of Business and Economic Development, that is governed by a board of directors. The Bank Act, among other things, authorizes the I-Bank to make loans, issue bonds, and provide financial assistance for various types of projects that qualify as economic development or public development facilities.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **12/03/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB78&version=20190AB7899INT)
2. **06/18/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB78&version=20190AB7898AMD)
3. **06/22/20 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB78&version=20190AB7897AMD)
4. **06/29/20 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB78&version=20190AB7895CHP)
5. **AB78** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB78)
6. **06/26/20 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB78&version=20190AB7896ENR)
## Votes
- AB 78 Ting Assembly Third Reading — **54–13** (pass) · lower
- Do pass — **13–5** (pass) · upper
- 3rd Reading AB78 BUDGET — **28–12** (pass) · upper
- AB 78 BUDGET Concurrence in Senate Amendments By TING — **59–13** (pass) · lower
- Do pass — **11–5** (pass) · upper
## Sponsors
- Committee on Budget — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2018-12-03** Read first time. To print. `reading-1`
- **2018-12-04** From printer. May be heard in committee January 3.
- **2019-01-24** Referred to Com. on BUDGET. `referral-committee`
- **2019-04-04** Assembly Rule 96 suspended. (Ayes 53. Noes 15. Page 1032.)
- **2019-04-04** Withdrawn from committee.
- **2019-04-04** Ordered to second reading.
- **2019-04-08** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2019-04-11** Read third time. Passed. Ordered to the Senate. (Ayes 54. Noes 13. Page 1166.) `passage, reading-3, reading-1`
- **2019-04-11** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2019-04-24** Referred to Com. on B. & F.R. `referral-committee`
- **2019-06-10** In committee: Hearing postponed by committee.
- **2019-06-12** In committee: Hearing postponed by committee.
- **2019-06-17** In committee: Hearing postponed by committee.
- **2019-06-18** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R. `reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction`
- **2019-06-19** From committee: Do pass. (Ayes 11. Noes 5.) (June 19). `committee-passage-favorable, committee-passage`
- **2019-06-19** Ordered to third reading.
- **2019-06-26** Re-referred to Com. on B. & F.R. `referral-committee`
- **2020-06-22** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R. `reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction`
- **2020-06-24** From committee: Do pass. (Ayes 13. Noes 5.) (June 24). `committee-passage-favorable, committee-passage`
- **2020-06-24** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2020-06-25** Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 12. Page 3851.). `passage, reading-3, reading-1`
- **2020-06-25** In Assembly. Concurrence in Senate amendments pending. May be considered on or after June 27 pursuant to Assembly Rule 77.
- **2020-06-26** Assembly Rule 77 suspended. (Ayes 58. Noes 16. Page 4954.)
- **2020-06-26** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 59. Noes 13. Page 4956.). `amendment-passage, committee-passage-favorable`
- **2020-06-26** Enrolled and presented to the Governor at 6:30 p.m.
- **2020-06-29** Approved by the Governor. `executive-signature`
- **2020-06-29** Chaptered by Secretary of State - Chapter 10, Statutes of 2020.
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ce29d642-2e69-4745-b156-a4232ea40c44`. Confidence: reported (aggregated from official California legislature records).
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