Existing law authorizes the legislative body of a city or a county to establish an enhanced infrastructure financing district, with a governing body referred to as a public financing authority, to finance public capital facilities or other specified projects of communitywide significance. Existing law requires a public financing authority to adopt an infrastructure financing plan and hold a public hearing on the plan, as specified. Existing law authorizes the public financing authority to issue bonds for these purposes upon approval by 55% of the voters voting on a proposal to issue the bonds. Existing law requires the proposal submitted to the voters by the public financing authority and the resolution for the issuance of bonds following approval by the voters to include specified information regarding the bond issuance.
Existing law authorizes the legislative body of a city or a county to establish an enhanced infrastructure financing district, with a governing body referred to as a public financing authority, to finance public capital facilities or other specified projects of communitywide significance. Existing law requires a public financing authority to adopt an infrastructure financing plan and hold a public hearing on the plan, as specified. Existing law authorizes the public financing authority to issue bonds for these purposes upon approval by 55% of the voters voting on a proposal to issue the bonds. Existing law requires the proposal submitted to the voters by the public financing authority and the resolution for the issuance of bonds following approval by the voters to include specified information regarding the bond issuance.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
2019-04-08 Read second time. Ordered to third reading. reading-1, reading-2
2019-04-11 Read third time. Passed. Ordered to the Senate. (Ayes 54. Noes 13. Page 1185.) passage, reading-3, reading-1
2019-04-11 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2019-04-24 Referred to Com. on B. & F.R. referral-committee
2019-08-26 In committee: Hearing postponed by committee.
2019-08-30 In committee: Hearing postponed by committee.
2019-09-06 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R. reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction