California Government Code ARTICLE 1 - Creation of the Bank

• Section 63021.
  (a) There is within the Governor’s Office of Business and Economic Development the Infrastructure and Economic Development Bank which shall be responsible for administering this division.(b) The...
• Section 63021.5.
  (a) The bank shall be governed and its corporate power exercised by a board of directors that shall consist of the following persons:(1) The Director of Finance...
• Section 63022.
  The executive director shall manage and conduct the business and affairs of the bank, the infrastructure bank fund, and guarantee trust fund, subject to the...
• Section 63022.5.
  (a) The officers of the bank shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)), the applicable rules and...
• Section 63023.
  In administering and directing the day-to-day operations of the bank in regard to this division, the executive director, or whoever he or she shall assign,...
• Section 63023.1.
  The board may delegate to the executive director, or whomever he or she shall assign, the authority to execute a contract or agreement, execute an...
• Section 63024.
  The executive director may contract for technical services with the Department of Finance, the State Department of Health Care Services, the State Department of Public...
• Section 63024.5.
  Where a state agency is authorized under state law to request that the bank issue bonds on its behalf, the agency may request, and the...
• Section 63025.
  The bank board shall do the following:(a) Adopt bylaws for the regulation of its affairs and the conduct of its business.(b) Adopt an official seal.(Amended (as added...
• Section 63025.1.
  The bank board may do or delegate the following to the executive director:(a) Sue and be sued in its own name.(b) As provided in Chapter 5 (commencing...
• Section 63025.2.
  Nothing in Section 63025.1 shall be construed to extend or limit the authority of the bank that is otherwise provided in Section 19130.(Added by Stats....
• Section 63026.
  The fiscal powers granted to the bank by this part may be exercised without regard or reference to any other department, division, or agency of...
• Section 63027.
  (a) The bank may provide insurance or reinsurance of loans or portions thereof, or their debt service, including amounts payable as premiums of penalties in the...
• Section 63028.
  The bank assumes and shall observe, keep, and perform all of the responsibilities, liabilities, and obligations of the former California Economic Development Financing Authority established...

Last modified: October 22, 2018