IBank Mulls $300M Refunding Bonds for Getty Trust

The IBank Board will consider Resolution No. 26-12 to approve issuance of up to $300 million in tax-exempt and/or taxable refunding revenue bonds for The J. Paul Getty Trust, refinancing prior IBank bond series used to finance eligible projects in Los Angeles. The refunding aims to restructure existing debt on improved terms.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $300,000,000

Contract type

FINANCIAL_SERVICES

Renewal

Refunding would replace and refinance IBank’s existing Refunding Revenue Bonds Series 2021B-2 and Series 2023B previously issued for The J. Paul Getty Trust.

Document type

Agenda

Source document

California Infrastructure and Economic Development Bank Agenda Board Meeting 2026-08-26

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank)?

J. Paul Getty Trust was awarded this financial services contract by Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank), as recorded on August 19, 2026. The contract value is Not to exceed $300,000,000.

How much is the J. Paul Getty Trust contract with Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank) worth?

The J. Paul Getty Trust contract with Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank) is valued at Not to exceed $300,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in California Infrastructure and Economic Development Bank Agenda Board Meeting 2026-08-26 (Agenda), dated August 19, 2026 from Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does J. Paul Getty Trust hold?

J. Paul Getty Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank) currently buying?

Explore Governor‚Äôs Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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