LOS ANGELES — The duo named to head the California Infrastructure and Economic Development Bank this summer will ask its board to implement a long list of changes aimed at restoring the I-Bank's role as an active lender.

The I-Bank, which has financed more than $32 billion in infrastructure and economic development projects since its inception in 1994, only financed a $7.5 million loan to a water district in San Bernardino County last year, according to I-Bank officials.

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