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CA SB 1140

Title: Enhanced infrastructure financing district.
Author: Anna Marie Caballero

Summary
SB 1140, as introduced, Caballero. Enhanced infrastructure financing district. Existing law authorizes the legislative body of a city or a county to designate a proposed enhanced infrastructure financing district, with a governing body referred to as the public financing authority, by adopting a resolution of intention to establish the proposed district. Existing law requires an enhanced infrastructure financing district to only finance public capital facilities and specified other projects that provide significant benefits to the district or surrounding community, including projects that enable communities to adapt to the impacts of climate change. Existing law requires the legislative body to direct the city official or county official, as applicable, selected by the legislative body, to mail a copy of the resolution to each affected taxing entity. This bill would authorize the city official or county official, as applicable, to, instead, electronically submit a copy of the resolution to each affected taxing entity. The bill would also specify that an enhanced infrastructure financing district is authorized to finance projects intended to improve air quality.Existing law requires the public financing authority of an enhanced infrastructure financing district to hold a meeting and 3 public hearings on a proposed infrastructure financing plan, as provided. Existing law requires the infrastructure financing plan, among other things, to be sent to each owner of land within the proposed district and to each affected taxing entity. Existing law also requires a written notice of each meeting or public hearing to be mailed to each landowner, each resident, and each taxing entity at least 10 days before the meeting or public hearing, and a notice to be published in a newspaper of general circulation, as specified. Alternative to mailing the documents and notices, existing law authorizes an official designated by the city or county to, instead, mail a notice to each landowner, resident, and affected taxing entity at least 40 days before the first scheduled public hearing on the plan. Existing law requires the notice, among other things, to include a summary of the plan and the internet website where specified documents will be made available for public viewing or inspection. For the 2nd and 3rd public hearings, existing law requires additional notices to be provided with the above-described alternative procedures.Existing law requires the public financing authority to review the infrastructure financing plan at least annually and make any amendments that are necessary and appropriate. Existing law requires amendments to an approved infrastructure financing plan to be approved by a majority vote of the governing board at a public hearing held following the provision of a 30-day mailed notice describing the proposed changes to all property owners, residents, and affected taxing entities. Existing law requires a public financing authority to adopt an annual report, as provided, after holding a public hearing, and complying with certain notice requirements, including that the notice be mailed by first-class mail, but may be addressed to “occupant.”This bill would revise and recast the public hearing and meeting requirements to instead require the public financing authority to hold 2 public hearings, as specified. The bill would remove the requirement that a notice for the public hearings be published in a newspaper of general circulation. The bill would remove the requirement that annual report notices be mailed by first-class mail.This bill would revise and recast the alternative notice procedures and would authorize the alternative notice procedures to be used instead of the above-described notice requirements for amendments and annual plans. The bill would also remove the additional notice requirements for the 2nd and 3rd public hearings, as specified. The bill would additionally require the alternate notice to include a description of

Status
Read second time and amended. Re-referred to Com. on E.Q.

Bill Documents
CA SB 1140 - 02/14/24 - Introduced
02/14/24 - CA SB 1140 (02/14/24 - Introduced)


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Author Details


  • Anna Caballero - D
    Senator - State Senate - CA

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    Capital Address:
    1021 O Street, Suite 7620
    Sacramento, CA 95814-4900
    9166514014

    District Address:
    2550 Mariposa Mall Ste 2016
    Fresno, CA 93721 2219
    Phone: 5592643070