CA AB2395

Raises the borrowing limit for the Oxnard Harbor District from $1,000,000 to $10,000,000 for infrastructure projects, land acquisition, and equipment purchases.

Requires board approval by two-thirds vote for borrowing and sets a maximum interest rate of 12 percent per annum with a five-year term limit.

Mandates an engineering and economic feasibility report signed by a California-licensed engineer for any borrowing exceeding $100,000.

Notes the Port of Hueneme is the only deep-water port between northern and southern California and currently operates at 35 feet depth, with 40 feet needed to accommodate additional vessel traffic.

Highlights the district's completed Shoreside Power Project that reduces particle matter emissions by 92 percent and greenhouse gas emissions by 55 percent, and supports approximately 10,226 jobs statewide.