Allen
Author
(1) Existing law establishes procedures for the formation of infrastructure financing districts, enhanced infrastructure financing districts, infrastructure and revitalization financing districts, and community revitalization and investment authorities, as specified, to undertake various economic development projects, including financing public facilities and infrastructure, affordable housing, and economic revitalization. Existing law authorizes the issuance of bonds for the funding of these purposes, and, in the case of an enhanced infrastructure financing district, requires voter approval, as specified, for the issuance of those bonds. Existing law, the Neighborhood Infill Finance and Transit Improvements Act, authorizes a city, county, or city and county to adopt a resolution, at any time before or after the adoption of the infrastructure financing plan for an enhanced infrastructure financing district, to allocate, under specified circumstances, tax revenues of that entity to the district, including revenues derived from local sales and use taxes imposed pursuant to the Bradley-Burns Uniform Local Sales and Use Tax Law or transactions and use taxes imposed in accordance with the Transactions and Use Tax Law. This bill would enact the Second Neighborhood Infill Finance and Transit Improvements Act, which would similarly authorize a city, county, or city and county to adopt a resolution, at any time before or after the adoption of the infrastructure financing plan for an enhanced infrastructure financing district, to allocate tax revenues of that entity to the district, including revenues derived from local sales and use taxes imposed pursuant to the Bradley-Burns Uniform Local Sales and Use Tax Law or transactions and use taxes imposed in accordance with the Transactions and Use Tax Law, if the area to be financed is within one-half mile of a major transit stop, as specified, and, among other things, certain conditions relating to housing and the infrastructure financing plan are or will be met. The bill would authorize bonds to be issued for the purposes of the Second Neighborhood Infill Finance and Transit Improvements Act without voter approval. The bill would require an enhanced infrastructure financing district utilizing these provisions to follow specific notice, protest, and election proceedings for the adoption of the infrastructure financing plan. (2) Existing law, the Planning and Zoning Law, establishes the Office of Planning and Research in the Governor's office to provide the Governor and his or her cabinet with long-range planning and research and to serve as the comprehensive state planning agency, and sets forth the duties of the office, as specified. This bill would require the Office of Planning and Research, on or before January 1, 2021, to complete a study on the effectiveness of tax increment financing tools for increasing housing production, including a comparison of the relative advantages and disadvantages of infrastructure financing districts, enhanced infrastructure financing districts, affordable housing authorities, use of the Neighborhood Infill Finance and Transit Improvements Act, and use of the Second Neighborhood Infill Finance and Transit Improvements Act, as specified.
Chaptered by Secretary of State. Chapter 559, Statutes of 2018.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 38. Noes 1. Page 6135.) Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 53. Noes 25. Page 6961.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Ordered to third reading.
Read third time and amended.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 12. Noes 4.) (August 16).
Coauthors revised.
August 8 set for first hearing. Placed on APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (June 27). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on H. & C.D.
From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 7. Noes 0.) (June 20). Re-referred to Com. on H. & C.D.
Referred to Coms. on L. GOV. and H. & C.D.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 38. Noes 0. Page 4346.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 1. Page 4300.) (May 25).
Set for hearing May 25.
May 22 hearing: Placed on APPR. suspense file.
Set for hearing May 22.
Re-referred to Com. on APPR. pursuant to Joint Rule 10.5.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 13. Noes 0. Page 4904.) (May 1).
Set for hearing May 1.
From committee: Do pass and re-refer to Com. on T. & H. (Ayes 7. Noes 0. Page 4810.) (April 25). Re-referred to Com. on T. & H.
Set for hearing April 25.
April 18 set for first hearing canceled at the request of author.
Set for hearing April 18.
Re-referred to Coms. on GOV. & F. and T. & H.
Withdrawn from committee.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on N.R. & W.
From printer. May be acted upon on or after March 3.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB961 | HTML |
| 01/31/18 - Introduced | |
| 03/22/18 - Amended Senate | |
| 05/07/18 - Amended Senate | |
| 06/21/18 - Amended Assembly | |
| 08/24/18 - Amended Assembly | |
| 09/06/18 - Enrolled | |
| 09/19/18 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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