BILL NUMBER: AB 2642	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 26, 2010

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 amended, 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  
on city property that is adjacent to the campus of the University of
California, Riverside, for the purpose of funding construction of
facilities to establish a medical school on the   campus.
The bill would require the city, if it forms an infrastructure
financing district, to enter into a joint exercise of powers
agreement with the regents of the University of California to
construct facilities on the Riverside Campus to establish and conduct
a medical school  .
   The bill would make findings regarding the need for special
legislation.
   Vote: majority. Appropriation: no. Fiscal committee:  no
  yes  . 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. 
    53395.95.    (a) The City of Riverside may form an
infrastructure financing district pursuant to this chapter on city
property that is adjacent to the campus of the University of
California, Riverside, for the purpose of funding construction of
facilities to establish a medical school at the campus.  
   (b) If the city forms a district pursuant to subdivision (a), it
shall enter into an agreement, which may be a joint exercise of
powers agreement pursuant to Chapter 5 (commencing with Section 6500)
of Division 7 of Title 1, with the Regents of the University of
California to construct facilities on the Riverside campus for
purposes of establishing and conducting a medical school. Subject to
the terms of the agreement, the facilities would be jointly owned by
the city and the university, which would each provide funding for the
construction. 
  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..