BILL NUMBER: AB 2642	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MAY 12, 2010
	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   City  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 form an
infrastructure financing district 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  an agreement,
which may be  a joint exercise of powers agreement  , 
with the  regents   Regents  of the
University of California  and the County of Riverside  to
construct facilities on the Riverside  Campus  
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: 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.  (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  and the County of Riverside  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  , the county,
 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
  City  of Riverside  and the County of
Riverside  due to the presence of a campus of the University of
California located within  its   the 
boundaries  of the city  and the absence of medical school
facilities at that  location..   location.