Tom Ammiano
- Democratic
Author
Existing law authorizes the City and County of San Francisco to create infrastructure financing districts, including districts that include specified waterfront property, adopt infrastructure financing plans for those districts, and issue bonds financed by projected increases in ad valorem property taxes to fund certain public facilities, pursuant to a specified procedure. Existing property tax law establishes various procedures and requirements with respect to the annual apportionment and allocation of ad valorem property tax revenues, including increased revenues from these infrastructure financing districts. This bill would authorize the adoption under these provisions of financing plans for special waterfront districts that include the waterfront area in the City and County of San Francisco designated as the America's Cup venues, and the use of specified tax revenues produced in the districts for the construction of the Port of San Francisco's maritime facilities at Pier 27, improvement of publicly held waterfront lands used as viewing sites, and other matters, subject to specified allocation procedures. It would require the county board of supervisors to submit a fiscal analysis to the California Infrastructure and Economic Development Bank for review and approval before adopting the resolution authorizing the issuance of debt pursuant to these provisions. The bill would exempt the issuance of tax increment bonds in a waterfront district from local voter approval requirements and would authorize those bonds to be sold at a negotiated sale. The bill would enact other related provisions. This bill would make legislative findings and declarations as to the necessity of a special statute for the City and County of San Francisco.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 314, Statutes of 2011.
Enrolled and presented to the Governor at 3 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 1. Page 3199.).
In Assembly. Concurrence in Senate amendments pending.
Read third time. Passed. Ordered to the Assembly. (Ayes 27. Noes 8. Page 2344.).
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 6. Noes 3.) (August 25).
In committee: Placed on APPR. suspense file.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.
In committee: Hearing postponed by committee.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 6).
Measure version as amended on June 29 corrected.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1652.)
From committee: Do pass. (Ayes 17. Noes 0.) (May 27).
Read second time. Ordered to third reading.
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 27). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
In committee: Set, first hearing. Hearing canceled at the request of author.
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB664 | HTML |
| 02/17/11 - Introduced | |
| 04/13/11 - Amended Assembly | |
| 04/25/11 - Amended Assembly | |
| 06/06/11 - Amended Senate | |
| 06/29/11 - Amended Senate | |
| 07/12/11 - Amended Senate | |
| 08/17/11 - Amended Senate | |
| 08/31/11 - Amended Senate | |
| 09/19/11 - Enrolled | |
| 09/23/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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