CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 1698Introduced by Assembly Member WicksFebruary 22, 2019 An act relating to economic development. LEGISLATIVE COUNSEL'S DIGESTAB 1698, as introduced, Wicks. Infrastructure investment and financing.The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governors Office of Business and Economic Development. The act authorizes the bank to provide financial assistance for various types of projects that qualify as public development or economic development facilities and to finance transition costs of an electrical corporation, as provided.This bill would state the intent of the Legislature to establish and provide initial funding for the Resilient Activities and Development Agency and the California Resourcient Infrastructure Corporation, as provided.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to establish and provide initial funding for both of the following:(a) The Resilient Activities and Development Agency, to work with city planners, mayors, and other city and county leaders to develop projects, best practices, and qualified resilient infrastructure solutions to address Californias climate-related problems, specifically fires, droughts and other water shortages, flooding, clean water, clean energy, and sustainable agriculture.(b) The California Resourcient Infrastructure Corporation, to provide infrastructure funding for the types of projects sourced and developed based on the qualifications developed by the Resilient Activities and Development Agency described in subdivision (a).
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 1698Introduced by Assembly Member WicksFebruary 22, 2019 An act relating to economic development. LEGISLATIVE COUNSEL'S DIGESTAB 1698, as introduced, Wicks. Infrastructure investment and financing.The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governors Office of Business and Economic Development. The act authorizes the bank to provide financial assistance for various types of projects that qualify as public development or economic development facilities and to finance transition costs of an electrical corporation, as provided.This bill would state the intent of the Legislature to establish and provide initial funding for the Resilient Activities and Development Agency and the California Resourcient Infrastructure Corporation, as provided.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill No. 1698
Introduced by Assembly Member WicksFebruary 22, 2019
Introduced by Assembly Member Wicks
February 22, 2019
An act relating to economic development.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1698, as introduced, Wicks. Infrastructure investment and financing.
The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governors Office of Business and Economic Development. The act authorizes the bank to provide financial assistance for various types of projects that qualify as public development or economic development facilities and to finance transition costs of an electrical corporation, as provided.This bill would state the intent of the Legislature to establish and provide initial funding for the Resilient Activities and Development Agency and the California Resourcient Infrastructure Corporation, as provided.
The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governors Office of Business and Economic Development. The act authorizes the bank to provide financial assistance for various types of projects that qualify as public development or economic development facilities and to finance transition costs of an electrical corporation, as provided.
This bill would state the intent of the Legislature to establish and provide initial funding for the Resilient Activities and Development Agency and the California Resourcient Infrastructure Corporation, as provided.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to establish and provide initial funding for both of the following:(a) The Resilient Activities and Development Agency, to work with city planners, mayors, and other city and county leaders to develop projects, best practices, and qualified resilient infrastructure solutions to address Californias climate-related problems, specifically fires, droughts and other water shortages, flooding, clean water, clean energy, and sustainable agriculture.(b) The California Resourcient Infrastructure Corporation, to provide infrastructure funding for the types of projects sourced and developed based on the qualifications developed by the Resilient Activities and Development Agency described in subdivision (a).
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to establish and provide initial funding for both of the following:(a) The Resilient Activities and Development Agency, to work with city planners, mayors, and other city and county leaders to develop projects, best practices, and qualified resilient infrastructure solutions to address Californias climate-related problems, specifically fires, droughts and other water shortages, flooding, clean water, clean energy, and sustainable agriculture.(b) The California Resourcient Infrastructure Corporation, to provide infrastructure funding for the types of projects sourced and developed based on the qualifications developed by the Resilient Activities and Development Agency described in subdivision (a).
SECTION 1. It is the intent of the Legislature to establish and provide initial funding for both of the following:(a) The Resilient Activities and Development Agency, to work with city planners, mayors, and other city and county leaders to develop projects, best practices, and qualified resilient infrastructure solutions to address Californias climate-related problems, specifically fires, droughts and other water shortages, flooding, clean water, clean energy, and sustainable agriculture.(b) The California Resourcient Infrastructure Corporation, to provide infrastructure funding for the types of projects sourced and developed based on the qualifications developed by the Resilient Activities and Development Agency described in subdivision (a).
SECTION 1. It is the intent of the Legislature to establish and provide initial funding for both of the following:
### SECTION 1.
(a) The Resilient Activities and Development Agency, to work with city planners, mayors, and other city and county leaders to develop projects, best practices, and qualified resilient infrastructure solutions to address Californias climate-related problems, specifically fires, droughts and other water shortages, flooding, clean water, clean energy, and sustainable agriculture.
(b) The California Resourcient Infrastructure Corporation, to provide infrastructure funding for the types of projects sourced and developed based on the qualifications developed by the Resilient Activities and Development Agency described in subdivision (a).