BILL NUMBER: AB 2642	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Nestande

                        FEBRUARY 19, 2010

   An act to add Section 53395.95 to the Government Code, relating to
infrastructure financing.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2642, as introduced, Nestande. Infrastructure financing: County
of Riverside: medical school facilities.
   Existing law authorizes counties and cities to form infrastructure
financing districts, in accordance with a prescribed procedure, to
finance public capital facilities utilizing a method of tax increment
financing.
   This bill would authorize the City of Riverside to utilize these
procedures to form an infrastructure financing district to fund the
construction of medical school facilities on the property of the City
of Riverside for use by the Riverside campus of the University of
California.
   The bill would make findings regarding the need for special
legislation.
   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 53395.95 is added to the Government Code, to
read:
   53395.95.  The City of Riverside may use the provisions of this
chapter to form an infrastructure financing district for the purpose
of funding construction of medical school facilities on the property
of the City of Riverside for use by the Riverside campus of the
University of California.
  SEC. 2.  The Legislature finds and declares that a special law is
necessary and that a general law cannot be made applicable within the
meaning of Section 16 of Article IV of the California Constitution
because of the unique circumstances applicable to the city of
Riverside due to the presence of a campus of the University of
California located within its boundaries and the absence of medical
school facilities at that location..