AB 662, as introduced, Atkins. Local government: infrastructure financing districts.
Existing law authorizes the creation of infrastructure financing districts, as defined, for the sole purpose of financing public facilities, subject to adoption of a resolution by the legislative body and affected taxing entities proposed to be subject to the division of taxes and voter approval requirements. Existing law prohibits on infrastructure financing district from including any portion of a redevelopment project area. Existing law, effective February 1, 2012, dissolved all redevelopment agencies and community development agencies and provides for the designation of successor agencies, as specified.
This bill would delete the prohibition on infrastructure financing district including any portion of a redevelopment project area.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 53395.4 of the Government Code is
2amended to read:
(a) A district may not include any portion of a
2redevelopment project area which is or has been previously created
3pursuant to Part 1 (commencing with Section 33000) of Division
424 of the Health and Safety Code, whether the creation is or was
5proper or improper. A redevelopment project area may not include
6any portion of a district created pursuant to this chapter.
7(b)
end delete
8begin insert(a)end insert A district may
finance only the facilities or services
9authorized in this chapter to the extent that the facilities or services
10are in addition to those provided in the territory of the district
11before the district was created. The additional facilities or services
12may not supplant facilities or services already available within that
13territory when the district was created but may supplement those
14facilities and services as needed to serve new developments.
15(c)
end delete
16begin insert(b)end insert A district may include areasbegin delete whichend deletebegin insert thatend insert
are not contiguous.
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