CA AB761

Extends the maximum lifespan of enhanced infrastructure financing districts from 45 years to 75 years for passenger rail projects in Los Angeles County that finance at least 75% of their revenue toward federal TIFIA loan debt service, effective for plans proposed on or after January 1, 2025.

Requires that after 45 years from TIFIA loan issuance, incremental tax revenue from these districts must be used solely for TIFIA loan repayment and debt service.

Applies exclusively to districts enacted primarily for development and construction of passenger rail projects, with the extended timeline measured from the date TIFIA loan issuance is approved by the U.S. Department of Transportation.

Maintains the existing 45-year limit for all other enhanced infrastructure financing districts, measured from bond or loan approval dates.

Makes legislative findings that a special statute is necessary due to the unique timelines required for zero-emission mass transit projects.