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CA SB1145
Bill
AI Summary
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Authorizes enhanced infrastructure financing districts to finance ongoing or capitalized maintenance costs for public capital facilities financed in whole or in part by the district.
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Prohibits districts from using bond proceeds to finance any type of maintenance work.
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Allows districts to finance broadband Internet access service acquisition, construction, or improvement, with ability to transfer management to authorized local agencies.
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Maintains existing prohibition on districts financing costs of ongoing operations or providing services of any kind.
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Contains conditional operative provisions coordinating with Assembly Bill 1999 and Senate Bill 1078 to avoid conflicting amendments to the same statute.
Legislative Description
Enhanced infrastructure financing districts: maintenance.
Last Action
Chaptered by Secretary of State. Chapter 563, Statutes of 2018.
9/19/2018