Enhanced infrastructure financing districts: California Capital City Downtown Revitalization Act.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill establishes the California Capital City Downtown Revitalization Act, authorizing the City or County of Sacramento to create an enhanced infrastructure financing district specifically within the downtown Sacramento area. It allows the district to utilize various revenue sources, including property taxes and state funds, subject to voter approval and plan approval. The bill also makes legislative findings regarding the need for a special statute to address the unique needs of downtown Sacramento.
Key provisions
- Authorizes the City or County of Sacramento to create a downtown Sacramento enhanced infrastructure financing district.
- Allows the district to divide property tax revenues among participating taxing entities.
- Permits the district to utilize revenues from additional sources, such as state funds, with voter approval.
- Specifies that the district can accept state funds.
- Requires voter approval for utilizing additional revenue sources and infrastructure financing plans.
- Incorporates amendments to Section 53398.75 of the Government Code proposed by Senate Bill 5.
- Defines the geographic area for the revitalization district.
- Allows affected taxing entities within Sacramento County to opt-in to the district.
Who is affected
- City of Sacramento
- County of Sacramento
- Taxing entities within Sacramento County
- Downtown Sacramento businesses and residents
Bill text
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Sponsors
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1 on record
Primary sponsor
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