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CA SB780
Bill
AI Summary
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Authorizes legislative bodies of enhanced infrastructure financing districts to appoint alternate members to the public financing authority who may serve and vote when members are absent or disqualify themselves from meetings.
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Allows districts with more than 3 participating taxing entities to appoint only one member and one alternate member from each taxing entity's legislative body, in addition to public members, upon mutual agreement.
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Permits legislative bodies to identify project areas within districts with separate and unique time limits (not exceeding 45 years) for tax allocation and debt repayment in each project area.
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Lowers the threshold for community revitalization and investment areas from 80% to 70% of land meeting specified conditions, and adds eligibility for areas with housing development sites consistent with sustainable communities strategies.
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Changes protest proceedings for community revitalization authorities from every 10 years to every 15 years and allows property owners and residents to propose plan amendments during these hearings.
Legislative Description
Local finance: public investment authorities.
Last Action
Chaptered by Secretary of State. Chapter 391, Statutes of 2021.
9/28/2021