CA AB2579

Creates the Master Plan for Infrastructure Financing and Development Commission to develop a comprehensive infrastructure plan for California addressing needs from present through 2050

Commission consists of 11 members appointed by the Governor, Speaker of the Assembly, Senate Committee on Rules, and includes the State Treasurer; Governor appoints the chair who works full-time with unspecified salary

Commission must assess California's $500 billion infrastructure needs, identify $200 billion funding gap, and develop prioritized financing recommendations for transportation, education, housing, water, and natural resources

Establishes five task force committees (planning and financing, transportation, housing, natural resources, education) composed of commission members and outside experts representing labor, business, environmental, and consumer organizations

Requires final report to Governor and Legislature by December 1, 2012, with commission dissolving 30 days after report issuance; must provide periodic progress reports and incorporate existing state and local infrastructure plans