BILL NUMBER: AB 2475	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Gordon

                        FEBRUARY 19, 2016

   An act relating to local government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2475, as introduced, Gordon. Loan program: California
Infrastructure and Economic Development Bank.
   Existing law, including the California Global Warming Solutions
Act of 2006, imposes requirements on local governments for meeting
specific environmental quality standards. The Bergeson-Peace
Infrastructure and Economic Development Bank Act authorizes the
California Infrastructure and Economic Development Bank, governed by
a board of directors, to make loans, issue bonds, and provide other
financial assistance for various types of infrastructure and economic
development projects, among other things. The act establishes the
California Infrastructure and Economic Development Bank Fund, a
continuously appropriated fund, for support of the bank.
   This bill would state the intent of the Legislature to enact
legislation to establish a forgivable loan program, administered by
the California Infrastructure and Economic Development Bank, for
local governments that provide matching funds for affordable housing
projects that assist in meeting the goals of their region's
sustainable community strategy (SCS) and the California Global
Warming Solutions Act of 2006.
   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.  It is the intent of the Legislature to enact
legislation to establish a forgivable loan program, administered by
the California Infrastructure and Economic Development Bank, for
local governments that provide matching funds for affordable housing
projects that assist in meeting the goals of their region's
sustainable community strategy (SCS) and the California Global
Warming Solutions Act of 2006 (Division 25.5 (commencing with Sec.
38500) of the Health and Safety Code).