BILL NUMBER:  AB 2551
  VETOED	DATE: 09/29/2012




To the Members of the California State Assembly:

I am returning Assembly Bill 2551 without my signature.

This bill authorizes a legislative body of a city or county to form
an Infrastructure Financing District in renewable energy zone areas
to issue bonds to pay for renewable energy projects.

While I am supportive of the author's efforts to promote the
development of renewable energy sources, this bill is premature.
This measure would likely cause cities to focus their efforts on
using the new tools provided by the measure instead of winding down
redevelopment.  This would prevent the state from achieving the
General Fund savings assumed in this year's budget.

Sincerely,



Edmund G. Brown Jr.