(1) The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the California Infrastructure and Economic Development Bank (I-Bank) in the Governor's Office of Business and Economic Development, governed by a board of directors. The 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. The Climate Catalyst Revolving Fund Act of 2020 authorizes the I-bank, under the Climate Catalyst Revolving Fund Program, to provide financial assistance to any eligible sponsor or participating party in connection with the financing or refinancing of a climate catalyst project, either directly to the sponsor or participating party or to a lending or financial institution, as provided. The act requires the I-Bank to adopt climate catalyst financing plans for specified categories of climate catalyst projects, as specified, after meeting and conferring with the appropriate consulting agencies for those specified categories of climate catalyst projects.
(1) The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the California Infrastructure and Economic Development Bank (I-Bank) in the Governor's Office of Business and Economic Development, governed by a board of directors. The 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. The Climate Catalyst Revolving Fund Act of 2020 authorizes the I-bank, under the Climate Catalyst Revolving Fund Program, to provide financial assistance to any eligible sponsor or participating party in connection with the financing or refinancing of a climate catalyst project, either directly to the sponsor or participating party or to a lending or financial institution, as provided. The act requires the I-Bank to adopt climate catalyst financing plans for specified categories of climate catalyst projects, as specified, after meeting and conferring with the appropriate consulting agencies for those specified categories of climate catalyst projects.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 1280 Garcia Assembly Third Reading — 72–1 (pass) · lower
Placed on suspense file — 7–0 (pass) · upper
Do pass and be re-referred to the Committee on [Appropriations] — 13–0 (pass) · lower
3rd Reading AB1280 Garcia et al. By Becker — 37–0 (pass) · upper
AB 1280 Garcia Concurrence in Senate Amendments — 71–1 (pass) · lower
Do pass, but first be re-referred to the Committee on [Energy, Utilities and Communications] — 10–0 (pass) · upper
Do pass and be re-referred to the Committee on [Natural Resources] — 17–0 (pass) · lower
Do pass. — 14–0 (pass) · lower
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 13–0 (pass) · upper
Sponsors
Garcia — primary (person)
Zbur — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-02-21 Introduced. To print. introduction
2025-02-22 From printer. May be heard in committee March 24.
2025-02-24 Read first time. reading-1
2025-03-13 Referred to Coms. on U. & E. and NAT. RES. referral-committee
2025-03-25 From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2025-03-26 Re-referred to Com. on U. & E. referral-committee
2025-04-03 Coauthors revised.
2025-04-03 From committee: Do pass and re-refer to Com. on NAT. RES. (Ayes 17. Noes 0.) (April 2). Re-referred to Com. on NAT. RES. committee-passage, committee-passage-favorable, referral-committee
2025-04-29 From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 0.) (April 28). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-05-14 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2025-05-23 From committee: Do pass. (Ayes 14. Noes 0.) (May 23). committee-passage, committee-passage-favorable
2025-05-27 Read second time. Ordered to third reading. reading-1, reading-2
2025-06-02 Read third time and amended. Ordered to third reading. (Page 1953.) amendment-passage, reading-1, reading-3
2025-06-04 Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 1. Page 2061.) passage, reading-1, reading-3
2025-06-05 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2025-06-18 Referred to Coms. on B. P. & E.D. and E., U & C. referral-committee
2025-07-07 From committee: Do pass and re-refer to Com. on E., U & C. (Ayes 10. Noes 0.) (July 7). Re-referred to Com. on E., U & C. committee-passage, committee-passage-favorable, referral-committee
2025-07-16 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 13. Noes 0.) (July 15). amendment-introduction, amendment-passage, committee-passage, referral-committee
2025-07-17 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-1, reading-2, referral-committee
2025-08-18 In committee: Referred to suspense file. referral-committee
2025-08-29 From committee: Do pass. (Ayes 5. Noes 0.) (August 29). committee-passage, committee-passage-favorable
2025-08-29 Read second time. Ordered to third reading. reading-1, reading-2
2025-09-05 Read third time and amended. Ordered to second reading. amendment-passage, reading-1, reading-3
2025-09-08 Read second time. Ordered to third reading. reading-1, reading-2
2025-09-09 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2704.). passage, reading-1, reading-3
2025-09-09 In Assembly. Concurrence in Senate amendments pending.
2025-09-10 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 71. Noes 1. Page 3240.). amendment-passage, committee-passage-favorable
2025-09-22 Enrolled and presented to the Governor at 3 p.m.
2025-10-06 Approved by the Governor. executive-signature
2025-10-06 Chaptered by Secretary of State - Chapter 395, Statutes of 2025. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/68b49c88-7687-40f2-8988-a9efc0938731. Confidence: reported (aggregated from official California legislature records).