The Infrastructure Finance Authority, which was created by the 2009 Legislature, develops goals and policies to help solve Oregon's infrastructure needs, and also serves as a clearinghouse to help cities, counties and other public entities to finance important public works projects.

The IFA ensures that the state's infrastructure needs, namely those around safe drinking water and wastewater systems, are better identified and prioritized in order to ensure the best use of the state's limited resources.

The authority is overseen by members of an independent board.

The Treasurer makes one appointment to the board. Other appointments are made by the governor and legislative leaders.

The Infrastructure Finance Authority was created as part of the restructuring of the Oregon Business Development Department. The Infrastructure Finance Authority assists communities to build infrastructure capacity to address public health safety and compliance issues as well as support their ability to attract, retain and expand businesses.