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CA SB769
Bill
Status
5/28/2025
Primary Sponsor
Anna Caballero
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AI Summary
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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
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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
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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
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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
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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