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CA SB769

Bill

Status

Engrossed

5/28/2025

Primary Sponsor

Anna Caballero

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Establishes the Golden State Infrastructure Corporation within the State Treasurer's Office as a not-for-profit entity to finance infrastructure projects including buildings, transportation facilities, energy systems, and environmental improvements

  • Creates a 5-member board of directors consisting of the Treasurer (chair), Controller, Director of GO-Biz, and two Governor appointees with infrastructure financing or development experience

  • Authorizes the corporation to issue revenue bonds, make loans, provide guarantees, and enter financing transactions with governmental entities and private infrastructure companies, with the state having no liability for corporate obligations

  • Creates the Golden State Infrastructure Corporation Fund as a continuously appropriated fund to support operations, with proceeds from fees, investments, and financing activities deposited into the fund

  • Exempts corporate financial records and critical infrastructure information provided by private infrastructure companies from public disclosure, and allows the board to meet in closed session when reviewing such confidential materials for financing decisions

Legislative Description

The Golden State Infrastructure Corporation Act.

Last Action

Ordered to inactive file on request of Assembly Member Aguiar-Curry.

9/4/2025

Committee Referrals

Appropriations7/8/2025
Economic Development, Growth, and Household Impact7/2/2025
Judiciary6/16/2025
Economic Development, Growth, and Household Impact6/5/2025
Appropriations4/30/2025
Judiciary4/21/2025
Business, Professions and Economic Development3/12/2025
Rules2/21/2025

Full Bill Text

No bill text available