CA SB512

Authorizes voters in any district with authority to impose a transactions and use tax for transportation purposes to enact such a tax through an initiative measure

Limits initiative-imposed taxes to the maximum rate that the district's governing body could impose by ordinance

Requires initiative measures to include all spending limitations and accountability standards that would apply to a governing body-enacted tax, including a transportation expenditure plan specifying how revenue will be used

Exempts initiatives from procedural requirements such as local agency approval of expenditure plans

Declares this is existing law implementing the constitutional guarantee of the people's initiative power over local taxes under Article XIII C, Section 3