CA AB2813

Establishes Article 4.1 of the Government Code to implement Assembly Constitutional Amendment 1 (ACA 1), defining terms and requirements for local government bonded indebtedness for public infrastructure and affordable housing projects if approved by voters.

Defines "affordable housing" as rental, ownership, interim housing, and programs such as downpayment assistance and first-time homebuyer programs for households earning up to 150% of countywide median income.

Requires projects funded with ACA 1 bonded indebtedness to have an estimated useful life of at least 15 years (or 5 years for public safety facilities) and prohibits use for acquisition or lease of properties with 1-4 dwelling units with limited exceptions.

Mandates appointment of a citizens' oversight committee with at least 7 members serving 2-year terms to review expenditures, ensure compliance with ACA 1 requirements, and issue annual public reports; prohibits local government employees, officials, vendors, contractors, and consultants from serving on the committee.

Allows fire protection districts to issue bonds with only 55% voter approval (instead of 2/3) for projects described in ACA 1, and requires the State Auditor to review annual independent audits submitted by local governments.