BILL ANALYSIS                                                                                                                                                                                                    �




                     SENATE GOVERNANCE & FINANCE COMMITTEE
                            Senator Lois Wolk, Chair
          

          BILL NO:  AB 2280                     HEARING:  6/25/14
          AUTHOR:  Alejo                        FISCAL:  Yes
          VERSION:  4/7/14                      TAX LEVY:  No
          CONSULTANT:  Weinberger               

              COMMUNITY REVITALIZATION AND INVESTMENT AUTHORITIES
          

          Allows local governments to form Community Revitalization  
          and Investment Authorities to administer economic  
          development and affordable housing programs.


                           Background and Existing Law  

          Until 2011, the Community Redevelopment Law allowed local  
          officials to set up redevelopment agencies (RDAs), prepare  
          and adopt redevelopment plans, and finance redevelopment  
          activities.  Citing a significant State General Fund  
          deficit, Governor Brown's 2011-12 budget proposed  
          eliminating RDAs and returning billions of dollars of  
          property tax revenues to schools, cities, and counties to  
          fund core services.  Among the statutory changes that the  
          Legislature adopted to implement the 2011-12 budget, AB X1  
          26 (Blumenfield, 2011) dissolved all RDAs.  The California  
          Supreme Court's 2011 ruling in California Redevelopment  
          Association v. Matosantos upheld AB X1 26, but invalidated  
          AB X1 27 (Blumenfield, 2011), which would have allowed most  
          RDAs to avoid dissolution.

          RDAs used property tax revenues generated by growth in the  
          assessed value of properties in a project area - commonly  
          known as tax increment revenues - to finance their  
          redevelopment activities.  RDAs' dissolution deprived many  
          local governments of the primary tool they used to  
          eliminate physical and economic blight, finance new  
          construction, improve public infrastructure, rehabilitate  
          existing buildings, and increase the supply of affordable  
          housing.  Legislators, local government officials,  
          affordable housing advocates, and others want to develop  
          alternative tools to promote local economic development.


                                   Proposed Law  




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          Assembly Bill 2280 allows local government officials to  
          establish a Community Revitalization and Investment  
          Authority (authority) and use property tax increment  
          revenues to finance the implementation of a community  
          revitalization plan within a community revitalization and  
          investment area.  AB 2280 specifies:
            I.     The process for creating an authority.
            II.    Criteria for establishing a community  
                 revitalization and investment area.
            III.   The powers and duties that apply to an authority.
            IV.    The process for adopting a community  
                 revitalization and investment plan.
            V.     How tax increment revenues are allocated to, and  
                 used by, an authority.
            VI.    Reporting, accountability, and audit requirements.

          I.   Formation process  .  Assembly Bill 2280 allows local  
          governments to form an authority in two ways:
                 A city, county, or city and county can adopt a  
               resolution creating an authority governed by a  
               five-member board that is appointed by the city,  
               county, or city and county's legislative body.  Three  
               board members must be members of the city, county, or  
               city and county's legislative body and two must be  
               public members who live or work within the community  
               revitalization and investment area. 
                 A city, county, city and county, and special  
               district, in any combination, may create an authority  
               by entering into a joint powers agreement.  The  
               authority's governing body must be comprised of a  
               majority of members from the legislative bodies of the  
               public agencies that created the authority. The  
               governing body must include at least two public  
               members who are appointed by a majority of the  
               authority's board and must live or work within the  
               community revitalization and investment area. 

          Assembly Bill 2280 prohibits:
                 School entities from participating in a community  
               revitalization and investment authority.
                 Redevelopment successor agencies from participating  
               in a community revitalization and investment  
               authority.
                 A city or county that created a former  
               redevelopment agency from forming a community  





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               revitalization and investment authority, unless the  
               former redevelopment agency's successor agency has  
               received a finding of completion from the Department  
               of Finance.

          II.   Community revitalization and investment areas  .  Before  
          redevelopment officials could wield their extraordinary  
          powers of property tax increment funding and property  
          management (including eminent domain), the Community  
          Redevelopment Law (CRL) required them to determine if an  
          area was blighted.  Assembly Bill 2280 deems specified  
          conditions within a community revitalization and investment  
          area to constitute blight within the meaning of the CRL.   
          The bill allows an authority to rely on a legislative  
          determination of blight and frees an authority from having  
          to make a separate finding of blight or conduct a survey of  
          blight within a community revitalization and investment  
          area.

          Assembly Bill 2280 allows an authority to carry out a  
          community revitalization plan within a community  
          revitalization and investment area.  The bill requires that  
          at least 80% of the land calculated by census tracts or  
          census block groups within the area must be characterized  
          by both of the following conditions:
                 An annual median household income that is less than  
               80% of the statewide annual median income.
                 Three of the following four conditions:
                  o         Nonseasonal unemployment that is at least  
                    3% higher than the statewide median, as defined  
                    by a specified labor market report.
                  o         Crime rates that are 5% higher than the  
                    statewide median crime rate, as defined by a  
                    specified Department of Justice report.
                  o         Deteriorated or inadequate infrastructure  
                    such as streets, sidewalks, water supply, sewer  
                    treatment or processing, and parks.
                  o         Deteriorated commercial or residential  
                    structures.

          Assembly Bill 2280 also allows an Authority to carry out a  
          community revitalization plan within a community  
          revitalization and investment area established within a  
          former military base that is principally characterized by  
          deteriorated or inadequate infrastructure and structures.   
          The governing board of an Authority established within a  





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          former military base must include a member of the military  
          base closure commission as a public member.

          Assembly Bill 2280 allows the legislative body or bodies of  
          the local government or governments that created the  
          authority to appropriate the amounts the legislative body  
          or bodies deem necessary for the administrative expenses  
          and overhead of the authority. The money appropriated may  
          be paid to the authority as a grant to defray the expenses  
          and overhead, or as a loan to be repaid upon the terms and  
          conditions as the legislative body may provide.  If  
          appropriated as a loan, the property owners within the plan  
          area must be made third-party beneficiaries of the  
          repayment of the loan.  The bill specifies that the term,  
          "administrative expense" includes expenses of planning and  
          dissemination of information.

          III.   Powers and duties  .  Assembly Bill 2280 directs that  
          an Authority has the following powers and duties:
                 Provide funding to rehabilitate, repair, upgrade,  
               or construct infrastructure.
                 Provide for low- and moderate-income housing.
                 Remedy or remove a release of hazardous substances  
               pursuant to the Polanco Redevelopment Act.
                 Provide for seismic retrofits of existing buildings  
               pursuant to a specified section of the CRL.
                 Acquire and transfer real property in accordance  
               with specified provisions of the CRL, including by use  
               of eminent domain.  An authority must retain controls  
               and establish restrictions or covenants running with  
               the land sold or leased for private use for such  
               periods of time and under such conditions as are  
               provided in the community revitalization and  
               investment plan.  The bill declares the establishment  
               of such controls to be a public purpose.
                 Issue bonds pursuant to specified provisions of the  
               CRL.
                 Borrow money, receive grants, or accept financial  
               or other assistance or investment from the state or  
               the federal government or any other public agency or  
               private lending institution for any project within its  
               area of operation, and comply with any conditions of  
               the loan or grant.  
                 Adopt a community revitalization plan.
                 Make loans or grants for owners or tenants to  
               improve, rehabilitate, or retrofit buildings or  





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               structures within the plan area.
                 With specified exceptions, provide direct  
               assistance to businesses within the plan area in  
               connection with new or existing facilities for  
               industrial or manufacturing uses.

          Assembly Bill 2280 deems an Authority to be a local public  
          agency subject to the Ralph M. Brown Act, the Public  
          Records Act, and the Political Reform Act.

          IV.   Community revitalization and investment plans  .   
          Assembly Bill 2280 requires an Authority to adopt a  
          community revitalization and investment plan that may  
          include a provision for the receipt of tax increment funds  
          generated within the area according to the CRL, provided  
          the plan includes:
                 A statement of the plan's principal goals and  
               objectives.
                 A description of the deteriorated or inadequate  
               infrastructure within the area and a program for  
               construction of adequate infrastructure or repair or  
               upgrading of existing infrastructure.
                 A program to remedy or remove a release of  
               hazardous substances, if applicable.
                 A program to provide funding for or otherwise  
               facilitate the economic revitalization of the area.
                 A fiscal analysis setting forth the projected  
               receipt of revenue and projected expenses over a  
               five-year planning horizon. 
                 The time limits, specified in the CRL, designating  
               the maximum length of time an Authority can establish  
               debt, act pursuant to a plan, repay debt, and commence  
               eminent domain proceedings.
                 A program that complies with the CRL's requirement  
               that a specified percentage of tax increment revenues  
               must be used to increase, improve, and preserve the  
               community's supply of low- and moderate-income  
               housing.  An authority that includes a provision for  
               the receipt of tax increment revenues in its plan must  
               dedicate at least 25% of allocated tax increment  
               revenues for affordable housing purposes and comply  
               with other specified requirements that apply to an  
               authority's use of affordable housing funds.
                 A program that does both of the following:
                  o         Prohibits the number of housing units  
                    occupied by extremely low, very low, and  





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                    low-income households, including the number of  
                    bedrooms in those units, at the time the plan is  
                    adopted, from being reduced in the plan area  
                    during the effective period of the plan.
                  o         Requires the replacement of dwelling  
                    units that house extremely low, very low, or  
                    low-income households pursuant to state law  
                    within two years of their displacement.

          Assembly Bill 2280 specifies the manner in which an  
          authority must consider adoption of the plan at two public  
          hearings that must take place at least 30 days apart. 

          Assembly Bill 2280 specifies the manner in which the  
          Authority must provide public notice of the two public  
          hearings.  The bill allows the Authority to adopt the plan  
          at the conclusion of the second public hearing by  
          ordinance, which must be subject to referendum as  
          prescribed by law for the ordinances of the local  
          jurisdiction that created the Authority.

          Assembly Bill 2280 directs that an authority must consider  
          and adopt a plan amendment in accordance with the  
          procedures that applied to the consideration and adoption  
          of the original plan. 

          V.   Tax increment financing  .   The California Constitution  
          and the CRL allow local officials to use property tax  
          increment revenues to repay bonds, debts, and loans needed  
          to finance a redevelopment project.  Assembly Bill 2280  
          deems a community revitalization and investment authority  
          to be an "agency" as defined in the CRL for purposes of  
          receiving tax increment revenues pursuant to Article XVI of  
          Section 16 of the California Constitution.  

          Assembly Bill 2280 specifies that a "redevelopment plan"  
          referred to in the CRL is equivalent to the community  
          revitalization and investment plan adopted pursuant to the  
          bill's provisions.  The bill allows a community  
          revitalization and investment plan to include a provision  
          for the receipt of tax increment funds.  

          Assembly Bill 2280 allows any city, county, or special  
          district that receives ad valorem property taxes from  
          property located within an area to adopt a resolution  
          directing the county auditor-controller to allocate its  





          AB 2280 -- 4/7/14 -- Page 7



          share of tax increment funds within the area covered by the  
          plan to the authority.  The resolution may direct the  
          county auditor-controller to allocate less than the full  
          amount of the tax increment, establish a maximum amount of  
          time in years that the allocation takes place, or limit the  
          use of the funds by the authority for specific purposes or  
          programs. A resolution may be repealed by giving the county  
          auditor-controller 60 days' notice; provided, however, that  
          the county auditor-controller must continue to allocate the  
          taxing entity's taxes that have been pledged to repay debt  
          issued by the authority until the debt has been fully  
          repaid.

          Assembly Bill 2280 requires that, before adopting a  
          resolution allocating a share of its tax increment funds to  
          an authority, a city, county, or special district must  
          approve a memorandum of understanding with the authority  
          governing the authority's use of tax increment funds for  
          administrative and overhead expenses.  

          Assembly Bill 2280 requires that a provision for the  
          receipt of tax increment funds must become effective in the  
          tax year that begins after the December 1 following the  
          adoption of the plan.

          Assembly Bill 2280 specifies the manner in which a county  
          auditor-controller must allocate tax revenue to an  
          authority upon adoption of a plan that includes a provision  
          for the receipt of tax increment funds.

          Assembly Bill 2280 requires that an authority's plan for an  
          area that includes land formerly or currently designated as  
          part of a redevelopment area must subordinate tax increment  
          amounts received by the authority to any preexisting  
          enforceable obligation, as defined in statute.

          VI.   Reporting, Accountability, and Audits  .  Assembly Bill  
          2280 requires an Authority to review a community  
          revitalization and investment plan at least annually and  
          make any amendments that are necessary and appropriate in  
          accordance with specified statutory provisions. An  
          authority must require the preparation of an annual  
          independent financial audit paid for from its revenues.

          Assembly Bill 2280 requires an authority, after holding a  
          public hearing, to adopt an annual report on or before June  





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          30 of each year and specifies the manner in which the  
          authority must make the report available to the public. 

          Assembly Bill 2280 requires the annual report to contain  
          specified information and prohibits an authority from  
          spending specified tax increment revenues if it fails to  
          provide the annual report.

          Assembly Bill 2280 requires an authority, every 10 years,  
          to conduct a protest proceeding at a public hearing to  
          consider whether the property owners and residents within  
          the plan area wish to present oral or written protests  
          against the authority.  The authority must consider all  
          written and oral protests received before the close of the  
          public hearing.  A majority protest exists if protests have  
          been filed representing over 50% of the combined number of  
          property owners and residents, at least 18 years of age or  
          older, in the area.

          If there is a majority protest, Assembly Bill 2280 requires  
          the authority to call an election of the property owners  
          and residents in the area covered by the plan, and  
          prohibits the authority from initiating or authorizing any  
          new projects until the election is held.  The election must  
          be held within 90 days of the public hearing and may be  
          held by mail-in ballot.  The authority must adopt, at a  
          duly noticed public hearing, procedures for holding the  
          election.  If a majority of the property owners and  
          residents vote against the authority, then it must not take  
          any further action to implement the plan on and after the  
          date of the election.  This prohibition does not prevent  
          the authority from taking any and all actions and  
          appropriating and expending funds, including any and all  
          payments on bonded or contractual indebtedness, to carry  
          out and complete projects for which expenditures of any  
          kind had been made prior to the election's effective date.

          Assembly Bill 2280 requires an authority to contract every  
          five years for an independent audit to determine compliance  
          with affordable housing maintenance and replacement  
          requirements, including provisions to ensure that the  
          requirements are met within each five-year period covered  
          by the audit.  The audit must be conducted according to  
          guidelines established by the Controller.  An authority  
          must provide a copy of the completed audit to the  
          Controller. 





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          If an audit demonstrates a failure to comply with the  
          statutory requirements, an authority must adopt and submit  
          to the Controller, as part of the audit, a plan to achieve  
          compliance with those provisions as soon as feasible, but  
          in not less than two years following the findings. The  
          Controller must review and approve the plan, and require  
          the plan to stay in effect until compliance is achieved.  
          The plan must include one or more of the following means of  
          achieving compliance:
                 The expenditure of an additional 10% of gross tax  
               increment revenue on increasing, preserving, and  
               improving the supply of low-income housing.
                 An increase in the production, by an additional  
               10%, of housing for very low income households.
                 The targeting of specified expenditures exclusively  
               to rental housing affordable to, and occupied by,  
               persons of very low and extremely low income.

          Assembly Bill 2280 specifies penalties that apply to an  
          authority that fails to provide a copy of a completed audit  
          to the Controller after receiving a written notice from the  
          Controller.  Penalty amounts can be $2,500 to as much  
          $10,000, depending on an authority's revenues.  The  
          penalties are doubled for a second consecutive year of  
          failure and tripled for a third or more consecutive year.   
          After three or more consecutive years, the Controller must  
          conduct its own financial audit report for which the  
          authority must pay.  The Attorney General may, at the  
          Controller's request, take action to collect the fines.


                               State Revenue Impact
           
          No estimate.


                                     Comments  

          1.   Purpose of the bill  .  Eliminating redevelopment  
          agencies did not eliminate the need for California  
          communities to build more affordable housing, eliminate  
          blight, foster business activity, clean up contaminated  
          brownfields, and create jobs.  AB 2280 establishes a new  
          approach to local economic development and housing policy  
          that is focused on the state's disadvantaged communities.   





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          AB 2280 fosters collaboration between cities and counties  
          on local economic development efforts and mitigates the  
          zero-sum competition for scarce property tax revenues among  
          cities, counties, and school districts.  To ensure public  
          accountability, the bill requires a community  
          revitalization and investment authority to conduct an  
          annual review and reporting process and periodically allows  
          local residents to prohibit an Authority from taking  
          further actions.  While it is unrealistic to expect that a  
          single economic development tool will work in all  
          California communities, AB 2280 is a viable option for  
          bringing vital investments to communities that most need  
          employment opportunities, crime reduction, upgraded  
          infrastructure, brownfield remediation, and affordable  
          housing.

          2.   Too soon  ?  AB 2280 restores local governments' ability  
          to use controversial powers granted by the Community  
          Redevelopment Law, including tax increment financing,  
          eminent domain, and debt issuance without voter approval.   
          Some taxpayer advocates argue that tax increment financing  
          robs local governments of revenue needed to provide  
          essential services, creating a funding gap between new  
          growth financed by tax increment and the revenues that are  
          needed to provide services in growing areas.  Property  
          owners object that eminent domain used to take private  
          property to support other private development is wrong.   
          Some stakeholders would prefer that local agencies use  
          existing financing tools, which are subject to voter  
          approval, rather than restoring many of the Community  
          Redevelopment Law's provisions only a few years into the  
          process of winding down former RDAs.  

          3.   Legislative history .  AB 2280 is nearly identical to AB  
          1080 (Alejo, 2013), which the Senate Governanc e& Finance  
          Committee approved 4-1, but which later died in the Senate  
          Appropriations Committee.  AB 2280 is also similar to SB  
          1156 (Steinberg, 2012), which the Governor vetoed, and SB 1  
          (Steinberg, 2013), which the Senate Governance & Finance  
                   Committee passed on a 4-2 vote and is now awaiting a  
          hearing in the Assembly.

          4.   Double referral  .  The Senate Rules Committee has  
          ordered a double-referral of AB 2280, first to the Senate  
          Transportation & Housing Committee, which has jurisdiction  
          over the bill's housing-related provisions, and then to the  





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          Senate Governance & Finance Committee which has policy  
          jurisdiction over the statutes governing local governments'  
          finances.
           
          5.   Related bills  .  The Senate Governance & Finance  
          Committee has heard several other bills that seek to  
          provide local governments with alternative financing  
          mechanisms to replace redevelopment: 
                 SB 33 (Wolk) expands local officials' authority to  
               create Infrastructure Financing Districts (IFDs).
                 SB 628 (Beall) removes the voter-approval  
               requirements to create IFDs and issue bonds for  
               transit priority projects.   
                 AB 229 (J. P�rez) allows local government to create  
               Infrastructure and Revitalization Financing Districts.
                 AB 243 (Dickinson) allows local governments to  
               create Infrastructure and Revitalization Financing  
               Districts.
                 AB 294 (Holden) authorizes IFDs to use the county's  
               Educational Revenue Augmentation Fund portion of tax  
               increment revenues. 
                 AB 471 (Atkins) repeals the prohibition against  
               forming an IFD within a former redevelopment area.


                                 Assembly Actions  

          Assembly Housing and Community Development Committee:     
          6-1
          Assembly Local Government Committee:        8-1
          Assembly Appropriations Committee:             12-4
          Assembly Floor:                                   57-12


                         Support and Opposition  (6/19/14)

           Support  :  American Planning Association; Building Owners  
          and Managers Association of California; California  
          Association for Local Economic Development; California  
          Apartment Association; California Business Properties  
          Association; California Building Industries Association;  
          California Chamber of Commerce; California Coalition for  
          Rural Housing; California Rural Legal Assistance  
          Foundation; California Special Districts Association;  
          Cities of Adelanto, Antioch, Artesia, Blue Lake, Camarillo,  
          Citrus Heights, Fort Bragg, Greenfield, Healdsburg,  





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          Humphreys, Indio, La Puente, La Quinta, Lakeport, Los  
          Angeles, National City, Plymouth, Rosemead, Sacramento,  
          Salinas, Thousand Oaks, Ventura, and Vista; Coachella  
          Valley Economic Partnership; Glendale City Employees  
          Association; Housing California; International Council of  
          Shopping Centers; League of California Cities; League of  
          California Cities-African American Caucus; League of  
          California Cities-Latino Caucus; NAIOP of California;  
          Organization of SMUD Employees; San Bernardino Public  
          Employees Association; San Luis Obispo County Employees  
          Association; San Jose Silicon Valley Chamber; Ventura  
          Council of Governments; Western Center on Law & Poverty. 

           Opposition  :  California Taxpayers Association; Fieldstead  
          and Company.