(1) Existing law establishes the Governor's Office of Business and Economic Development (GO-Biz) within the Governor's office and requires the office to serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth, as provided. Existing law, the Bergeson-Peace Infrastructure and Economic Development Bank Act (bank act) , establishes the California Infrastructure and Economic Development Bank (I-Bank) within GO-Biz, under the direction of an executive director and governed by, and its corporate power exercised by, a board of directors (bank board) . Existing law, among other things, authorizes the bank to make loans, issue bonds, and provide financial assistance for various types of projects that qualify as economic development or public development facilities, as provided. Existing law prohibits the financing of economic development facilities unless the bank determines that the financing or assistance meets specified public interest criteria.
(1) Existing law establishes the Governor's Office of Business and Economic Development (GO-Biz) within the Governor's office and requires the office to serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth, as provided. Existing law, the Bergeson-Peace Infrastructure and Economic Development Bank Act (bank act) , establishes the California Infrastructure and Economic Development Bank (I-Bank) within GO-Biz, under the direction of an executive director and governed by, and its corporate power exercised by, a board of directors (bank board) . Existing law, among other things, authorizes the bank to make loans, issue bonds, and provide financial assistance for various types of projects that qualify as economic development or public development facilities, as provided. Existing law prohibits the financing of economic development facilities unless the bank determines that the financing or assistance meets specified public interest criteria.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2025-02-03 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2025-02-04 From printer. May be acted upon on or after March 6.
2025-02-14 Referred to Com. on RLS. referral-committee
2025-03-20 From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2025-04-02 Re-referred to Com. on E., U & C. referral-committee
2025-04-22 From committee with author's amendments. Read second time and amended. Re-referred to Com. on E., U & C. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2025-04-24 Set for hearing April 29.
2025-04-30 From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 2. Page 934.) (April 29). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-05-02 Set for hearing May 12.
2025-05-12 May 12 hearing: Placed on APPR. suspense file.
2025-05-16 Set for hearing May 23.
2025-05-27 From committee: Do pass as amended. (Ayes 5. Noes 1. Page 1193.) (May 23). amendment-passage, committee-passage, committee-passage-favorable
2025-05-28 Read second time and amended. Ordered to third reading. amendment-passage, reading-1, reading-2
2025-06-04 Read third time. Urgency clause adopted. Passed. (Ayes 29. Noes 10. Page 1499.) Ordered to the Assembly. passage, reading-1, reading-3
2025-06-05 In Assembly. Read first time. Held at Desk. reading-1
2025-06-16 Referred to Coms. on U. & E. and NAT. RES. referral-committee
2025-07-08 July 9 hearing postponed by committee.
2025-07-14 Assembly Rule 56 suspended.
2025-07-17 From committee: Do pass and re-refer to Com. on NAT. RES. (Ayes 11. Noes 5.) (July 16). Re-referred to Com. on NAT. RES. committee-passage, committee-passage-favorable, referral-committee
2025-07-17 From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 4.) (July 17). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-08-20 August 20 set for first hearing. Placed on APPR. suspense file.
2025-08-29 From committee: Do pass. (Ayes 9. Noes 4.) (August 29). committee-passage, committee-passage-favorable
2025-09-02 Read second time. Ordered to third reading. reading-1, reading-2