California state treasurer Fiona Ma announced the sale today of $83.9 million in revenue bonds on behalf of the State Water Resources Control Board (State Water Board) to provide financial assistance to local governments for safe drinking water projects. The sale represents the inaugural issuance of bonds by the California Infrastructure and Economic Development Bank (IBank) for the Drinking Water State Revolving Fund (DWSRF) Program.

SACRAMENTO – The California Infrastructure and Economic Development Bank (IBank) Board will decide whether to lend up to $28,000,000 through its conduit Bond Financing Program to The Scripps Research Institute, a California Nonprofit Public Benefit Corporation. The bond proceeds will assist The Scripps Research Institute – one of the country’s largest, private, nonprofit biomedical research organizations – in updating and consolidating its facilities inside the County of San Diego.