BILL NUMBER: AB 1614	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Monning
   (Coauthor: Assembly Member Alejo)
   (Coauthors: Senators Blakeslee and Cannella)

                        FEBRUARY 8, 2012

   An act to amend Section 67700 of the Government Code, relating to
the Ford Ord Reuse Authority.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1614, as introduced, Monning. Fort Ord Reuse Authority.
   Existing law, the Fort Ord Reuse Authority Act, establishes the
Fort Ord Reuse Authority to prepare, adopt, finance, and implement a
plan for the future use and development of the territory occupied by
the Fort Ord military base in Monterey County. The authority is
governed by a board consisting of members from specified cities.
Existing law authorizes the board to acquire and dispose of existing
real property and facilities within the Fort Ord territory, to plan,
finance, and construct new public capital facilities within that
territory, and to levy assessments, special taxes, or development
fees, and to issue bonds.
   Existing law makes these provisions inoperative when the board
determines that 80% of the territory of Fort Ord that is designated
for development or reuse in the plan has been developed or reused in
a manner consistent with the plan, or June 30, 2014, whichever occurs
first, and repeals these provisions on January 1, 2015.
   This bill would make the act inoperative when the board makes the
above specified determination, or June 30, 2014, whichever occurs
first, and would repeal the act on January 1, 2025.
   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 67700 of the Government Code is amended to
read:
   67700.   (a)    This title shall become
inoperative when the board determines that 80 percent of the
territory of Fort Ord that is designated for development or reuse in
the plan prepared pursuant to this title has been developed or reused
in a manner consistent with the plan adopted or revised pursuant to
Section 67675, or June 30,  2014   2024  ,
whichever occurs first, and on January 1,  2015 
2025  , this title is repealed. 
   The 
    (b)     The  Monterey County Local
Agency Formation Commission shall provide for the orderly dissolution
of the authority including insuring that all contracts, agreements,
and pledges to pay or repay money entered into by the authority are
honored and properly administered, and that all assets of the
authority are appropriately transferred.