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AB-3033 Infrastructure and Revitalization Financing Districts.(2019-2020)

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Date Published: 02/21/2020 09:00 PM
AB3033:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 3033


Introduced by Assembly Member Kamlager

February 21, 2020


An act to amend Section 53369 of the Government Code, relating to local government.


LEGISLATIVE COUNSEL'S DIGEST


AB 3033, as introduced, Kamlager. Infrastructure and Revitalization Financing Districts.
Existing law authorizes the creation by a city, county, city and county, or joint powers authority of an infrastructure and revitalization financing district, as defined, and the issuance of debt with 2/3 voter approval. Existing law provides that it is the intent of the Legislature, by enacting that provision and its related provisions, to establish a long-term permanent program that provides local governments with tools and resources, for specified purposes, in a manner that encourages local cooperation and includes appropriate protections for state and local taxpayers.
This bill would make nonsubstantive changes to that provision.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 53369 of the Government Code is amended to read:

53369.
 It is the intent of the Legislature Legislature, in enacting this chapter chapter, to establish a long-term permanent program that provides local governments with tools and resources for specified purposes, including, but not limited to, public infrastructure, affordable housing, economic development and job creation, and environmental protection and remediation, in a manner that encourages local cooperation and includes appropriate protections for state and local taxpayers.