PART 2. Financing Activities of the Bay Area Housing Finance Authority [64600. - 64652.]

Part 2 added by Stats. 2019, Ch. 598, Sec. 1.

§§ 64600–64652 · 25 sections

CHAPTER 1. General Provisions § 64600 · 1 section
- § 64600 The authority, subject to prior approval by the executive board, may raise and allocate new revenue through both of the following funding mechanisms: (a) (1)…
CHAPTER 2. Revenue §§ 64610–64636 · 21 sections
1. ARTICLE 1. Special Taxes §§ 64610–64614 · 5 sections
  - § 64610 (a) Subject to Section 4 of Article XIIIA of the California Constitution, and approval by the executive board before the authority takes action to approve the…
  - § 64611 (a) (1) The authority may impose, subject to approval by the executive board before the authority takes action to approve the placement of a measure on the…
  - § 64612 (a) (1) The authority may impose, subject to approval by the executive board before the authority takes action to approve the placement of a measure on the…
  - § 64613 (a) Taxes levied pursuant to Section 64611 and Section 64612 shall be collected in the following manner: (1) County tax collectors shall be responsible for…
  - § 64614 All special taxes levied pursuant to this article shall be administered in the following manner: (a) Taxes collected shall be deposited in a separate fund,…
2. ARTICLE 2. Commercial Linkage Fee §§ 64620–64628 · 9 sections
  - § 64620 As used in this article: (a) “Commercial development project” means any project involving the issuance of a permit by an underlying land use jurisdiction for…
  - § 64621 (a) (1) Subject to paragraph (4), the executive board may establish, increase, or impose a commercial linkage fee, in an amount not to exceed ten dollars ($10)…
  - § 64622 (a) A commercial linkage fee established, increased, or imposed pursuant to this article shall not exceed the reasonable cost of providing the housing…
  - § 64623 (a) Before adopting a resolution establishing or imposing a new commercial linkage fee or approving an increase in an existing commercial linkage fee pursuant…
  - § 64624 (a) Except as otherwise provided in subdivision (c), if the executive board adopts a resolution or other legislative enactment establishing or imposing a new…
  - § 64625 (a) Any party may protest the imposition of a commercial linkage fee imposed on a commercial development project by the executive board and the authority…
  - § 64626 (a) In any judicial action or proceeding to validate, attack, review, set aside, void, or annul any resolution providing for the establishment, increase, or…
  - § 64627 (a) Any person may request an audit in order to determine whether any fee or charge levied by the executive board and the authority board exceeds the amount…
  - § 64628 Any action by the executive board and the authority board or interested person under this article shall be brought pursuant to Chapter 9 (commencing with…
3. ARTICLE 3. Bonds §§ 64630–64636 · 7 sections
  - § 64630 The authority board may, by majority vote, initiate proceedings to issue general obligation bonds pursuant to this chapter by adopting a resolution stating its…
  - § 64631 (a) The authority may incur or refund general obligation bonded indebtedness, secured by the levy of ad valorem property taxes, pursuant to Article XIIIA of…
  - § 64632 (a) (1) For purposes of this section, “authority revenues” includes, without limitation, revenues generated by either of the following: (A) Any special tax,…
  - § 64633 (a) The authority or any person executing the bonds issued pursuant to this title shall not be personally liable on the bonds by reason of their issuance. (b)…
  - § 64634 (a) Every two years after the issuance of bonds pursuant to this section, the authority shall contract for an independent financial and performance audit. The…
  - § 64635 Bonds issued pursuant to this article are fully negotiable.
  - § 64636 Any action to determine the validity or adoption of any tax, fee, or other charge provided for in, or the validity of bonds issued pursuant to, this title, or…
CHAPTER 3. Expenditures §§ 64650–64652 · 3 sections
- § 64650 (a) (1) Revenue generated pursuant to this part shall be used for the construction of new affordable housing, affordable housing preservation, tenant…
- § 64651 The executive board and the authority shall monitor expenditures in coordination with local jurisdictions. At least once every five years, the monitoring shall…
- § 64652 To ensure oversight and accountability, the authority shall prepare and submit an annual report to the Legislature, in conformance with Sections 9795 and 53411…