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Senate BillNo. 628Introduced by Senator Beall February 22, 2013An act to add Section 53395.7.5 to the Government Code, relating to local planning. LEGISLATIVE COUNSEL’S DIGESTSB 628, as amended, Beall. Infrastructure financing: transit priority projects. Existing law establishes the Transit Priority Project Program, and authorizes a city or county to participate in the program by adopting an ordinance indicating its intent to participate in the program and by forming an infrastructure financing district.
Existing law requires a city or county that elects to participate in the program to amend, if necessary, its general plan, and any related specific plan, to authorize participating developers to build at an increased height of a minimum of 3 stories within the newly created infrastructure financing district.
Existing law exempts from these provisions a city or county that has adopted specified language in its charter, or by ordinance or resolution.
Under existing law, a transit priority project that meets specified criteria is designated as a sustainable communities project, and is thus exempt from certain environmental review requirements.
This bill would eliminate the requirement of voter approval for the creation of an infrastructure financing district, the issuance of bonds, and the establishment or change of the appropriations limit with respect to a transit priority project. The bill would require a city or county that uses infrastructure financing district bonds to finance its transit priority project to use at least 25% of the associated property tax increment revenues for the purposes of increasing, improving, and preserving the supply of lower and moderate-income housing available in the district and occupied by persons and families of moderate-, low-, very low, and extremely low income.
The bill would require the district to implement these
affordable housing provisions in
accordance with specified provisions of the Community Redevelopment Law,
to the extent not inconsistent with the
The bill would set forth the findings and declarations of the Legislature, and the intent of the Legislature that the development of transit priority projects be environmentally conscious and sustainable, and that related construction meet or exceed the requirements of the California Green Building Standards Code. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. The people of the State of California do enact as follows:
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SECTION 1.(a) The Legislature finds and declares all of the
3(1) The transportation
sector contributes over 40 percent of the 5(2) Greenhouse gas
emissions from automobiles and light trucks 11(3) California local
governments need sustainable funding 3(4) Existing law
authorizes cities and counties to create 7(5) Tax-increment financing of
transit priority projects, through 15(6) Recent studies of
transit ridership in California
indicate that 19(7) Greater use of
public transportation, facilitated by the
26(8) Investment in
local transit priority project development can 32(9) Expediting the
process for local governments to create IFDs 37(b) It is the intent
of the Legislature that the development of
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SEC. 2.Section 53395.7.5 is added to the Government Code,
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53395.7.5.(a) The district may finance any project that 17(b) With respect to an infrastructure financing district proposed 18to implement a transit priority project pursuant to Section 21155 19of the Public Resources Code, an election is not required to form 20an infrastructure financing district, issue bonds, or establish or 21change the appropriations limit pursuant to this chapter. 22(c) (1) At least 25 percent
of all revenues derived from the 34(2) Notwithstanding
any other law, the district shall implement P5 1(d) The
district may provide for the receipt of tax
increment
10(e) Prior to the
district’s implementation of a project pursuant end delete
Amended in Assembly June 17, 2013Amended in Senate May 14, 2013Amended in Senate April 10, 2013Amended in Senate April 2, 2013 |
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