BILL NUMBER: AB 356
VETOED DATE: 09/23/2000
SEP 23 2000
To the Members of the Assembly:
I am returning Assembly Bill 356 without my signature.
This bill would require the Trade and Commerce Agency to designate a
geographical area within one city in Los Angeles County as a new
enterprise zone.
In order to maximize the effectiveness of economic development zones,
I believe that the number of zones must be limited and the areas
chosen on a statewide, competitive basis. This bill, however,
bypasses that process and would establish a new enterprise zone -
without the traditional statewide, competitive process.
To help economically stressed communities like the intended
beneficiary of AB 356, I have signed SB 511, which allows the Trade
and Commerce Agency to award bonus points based on economic need but
maintains the competitive process for the creation of future
enterprise zones.
Sincerely,
GRAY DAVIS