Establishes a State Infrastructure Bank Board to manage state infrastructure funding and loans.

The bill establishes a State Infrastructure Bank Board to oversee the state's infrastructure bank, including the management of federal, state, and private funds for transportation, water, and sewer projects. The Board is tasked with establishing infrastructure banking accounts, applying for federal financial assistance, and providing loans or financial assistance to governmental units. Board members, who serve without compensation, include the Secretary of Commerce, the Secretary of Transportation, the Secretary of Environmental Quality, the State Treasurer, and the State Auditor.

Establishes a State Infrastructure Bank Board to manage state infrastructure funding and loans.

The bill establishes a State Infrastructure Bank Board to oversee the state's infrastructure bank, including the management of federal, state, and private funds for transportation, water, and sewer projects. The Board is tasked with establishing infrastructure banking accounts, applying for federal financial assistance, and providing loans or financial assistance to governmental units. Board members, who serve without compensation, include the Secretary of Commerce, the Secretary of Transportation, the Secretary of Environmental Quality, the State Treasurer, and the State Auditor.