BILL NUMBER: AB 1260	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Thurmond

                        FEBRUARY 27, 2015

   An act to amend Section 53398.51.1 of the Government Code,
relating to local government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1260, as introduced, Thurmond. Enhanced infrastructure
financing districts: public financing authority.
   Existing law authorizes the legislative body of a city or a
county, defined to include a city and county, to establish an
enhanced infrastructure financing district, adopt an infrastructure
financing plan, and issue bonds, for which only the district is
liable, upon approval by 55% of the voters to finance public capital
facilities or other specified projects of communitywide significance.
Existing law requires the legislative body to establish a public
financing authority, defined as the governing board of the enhanced
infrastructure financing authority, comprised of members of the
legislative body of the participating entities and of the public, as
provided.
   This bill would make nonsubstantive changes to those provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 53398.51.1 of the Government Code is amended to
read:
   53398.51.1.  (a) The public financing authority shall have a
membership consisting of one of the following, as appropriate:
   (1) If a district has only one participating affected taxing
entity, the public financing authority's membership shall consist of
three members of the legislative body of the participating entity,
and two members of the public chosen by the legislative body. The
appointment of the public members shall be subject to  the
provisions of  Section 54974.
   (2) If a district has two or more participating affected taxing
entities, the public financing authority's membership shall consist
of a majority of members from the legislative bodies of the
participating entities, and a minimum of two members of the public
chosen by the legislative bodies of the participating entities. The
appointment of the public members shall be subject to  the
provisions of  Section 54974.
   (b) The legislative body shall ensure the public financing
authority is established prior to adopting a resolution pursuant to
Section 53398.69 to adopt an infrastructure financing plan and to
form a district.
   (c)  Members of the public financing authority established
pursuant to this chapter shall not receive compensation but may
receive reimbursement for actual and necessary expenses incurred in
the performance of official duties pursuant to Article 2.3
(commencing with Section 53232) of Chapter 2.
   (d)  Members of the public financing authority are subject to
Article 2.4 (commencing with Section 53234) of Chapter 2.
   (e)  The public financing authority created pursuant to this
chapter shall be a local public agency subject to the Ralph M. Brown
Act (Chapter 9 (commencing with Section 54950)), the California
Public Records Act (Chapter 3.5 (commencing with Section 6250) of
Division 7 of Title 1), and the Political Reform Act of 1974 (Title 9
(commencing with Section 81000)).