Establishes the Golden State Infrastructure Corporation to finance infrastructure projects in California.
The Golden State Infrastructure Corporation Act creates a corporation to finance infrastructure projects in California. The corporation can issue bonds, make loans, and provide financing to governmental entities and infrastructure companies. It can also purchase insurance and invest its funds. The corporation is governed by a board of directors and is exempt from state and local taxes. The act outlines the corporation's powers, duties, and financial operations, including the creation of the Golden State Infrastructure Corporation Fund.
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