CHAPTER 2.99. Enhanced Infrastructure Financing District

Chapter 2.99 added by Stats. 2014, Ch. 785, Sec. 1.

§§ 53398.50–53398.88 · 38 sections

1. ARTICLE 1. General Provisions §§ 53398.50–53398.58 · 10 sections

   • § 53398.50 The Legislature finds and declares that with the dissolution of redevelopment agencies, public benefits will accrue if local agencies, excluding schools, are…
   • § 53398.51 Unless the context otherwise requires, the definitions contained in this article shall govern the construction of this chapter. (a) “Affected taxing entity”…
   • § 53398.51.1 (a) The public financing authority shall have a membership consisting of one of the following, as appropriate: (1) If a district has only one participating…
   • § 53398.52 (a) (1) A district may finance any of the following: (A) The purchase, construction, expansion, improvement, seismic retrofit, or rehabilitation of any real or…
   • § 53398.53 Notwithstanding subdivision (b) of Section 53398.52, a district may reimburse a developer of a project that is located entirely within the boundaries of that…
   • § 53398.54 A city or county that created a redevelopment agency, as defined in Section 33003 of the Health and Safety Code, shall neither initiate the creation of a…
   • § 53398.55 (a) A district may include any portion of a former redevelopment project area that was previously created pursuant to Part 1 (commencing with Section 33000) of…
   • § 53398.56 It is the intent of the Legislature that the creation of the districts should not ordinarily lead to the removal of existing dwelling units. If, however, any…
   • § 53398.57 Any action or proceeding to attack, review, set aside, void, or annul the creation of a district, adoption of an infrastructure financing plan, including a…
   • § 53398.58 An action to determine the validity of the issuance of bonds pursuant to this chapter may be brought pursuant to Chapter 9 (commencing with Section 860) of…
2. ARTICLE 2. Preparation and Adoption of Infrastructure Financing Plan §§ 53398.59–53398.74 · 15 sections

   • § 53398.59 A legislative body of a city or county may designate one or more proposed enhanced infrastructure financing districts pursuant to this chapter. Proceedings for…
   • § 53398.60 (a) The legislative body shall direct the city official or county official, as applicable, selected by the legislative body, to mail a copy of the resolution…
   • § 53398.61 The legislative body shall direct the city official or county official, as applicable, selected by the legislative body, to mail or electronically submit a…
   • § 53398.62 (a) Except as provided in subdivision (b), after adopting the resolution pursuant to Section 53398.59, the legislative body shall send a copy of the resolution…
   • § 53398.63 After receipt of a copy of the resolution of intention to establish a district, the official designated pursuant to Section 53398.62 shall prepare a proposed…
   • § 53398.64 The infrastructure financing plan shall be sent to each owner of land within the proposed district and to each affected taxing entity together with any report…
   • § 53398.65 The designated official shall consult with each affected taxing entity, and, at the request of any affected taxing entity, shall meet with representatives of…
   • § 53398.66 (a) The draft-enhanced infrastructure financing plan shall be made available to the public and to each landowner within the area on a designated internet…
   • § 53398.68 (a) The public financing authority shall not adopt a resolution proposing formation of a district and providing for the division of taxes of any affected…
   • § 53398.69 (a) (1) At the conclusion of the hearings pursuant to Section 53398.66, the public financing authority may adopt a resolution proposing adoption of the…
   • § 53398.70 (a) Except as otherwise provided in this chapter, the provisions of law regulating elections of the local agency that calls an election pursuant to this…
   • § 53398.71 (a) If the election is to be conducted by mail ballot, the election official conducting the election shall provide ballots and election materials pursuant to…
   • § 53398.72 (a) As an alternative to mailing documents pursuant to Section 53398.64 and Section 53398.66, the official designated pursuant to Section 53398.62 may mail a…
   • § 53398.73 Except for the notices described in subdivision (i) of Section 53398.66, a notice required by this chapter shall be provided in English and in all other…
   • § 53398.74 This section implements and fulfills the intent of this chapter and of Article XIIIB of the California Constitution. The allocation and payment to a district…
3. ARTICLE 3. Division of Taxes §§ 53398.75–53398.76 · 5 sections

   • § 53398.75 (a) Any infrastructure financing plan may contain a provision that taxes, if any, levied upon taxable property in the area included within the enhanced…
   • § 53398.75.5 (a) This section shall be known and may be cited as the Neighborhood Infill Finance and Transit Improvements Act, or NIFTI. (b) The Legislature finds and…
   • § 53398.75.7 (a) This section shall be known and may be cited as the Second Neighborhood Infill Finance and Transit Improvements Act, or NIFTI-2. (b) (1) At any time before…
   • § 53398.75.8 (a) This section shall be known, and may be cited, as the California Capital City Downtown Revitalization Act. (b) The City of Sacramento or the County of…
   • § 53398.76 All costs incurred by a county in connection with the division of taxes pursuant to Section 53398.75 for a district shall be paid by that district.
4. ARTICLE 4. Tax Increment Bonds §§ 53398.77–53398.88 · 8 sections

   • § 53398.77 The public financing authority may, by majority vote, issue bonds pursuant to this chapter by adopting a resolution that includes all of the following: (a) A…
   • § 53398.78 (a) If the public financing authority adopts a resolution to issue bonds pursuant to Section 53398.77 for port or harbor infrastructure, it shall, before…
   • § 53398.83 The public financing authority may, by majority vote, provide for refunding of bonds issued pursuant to this chapter. However, refunding bonds shall not be…
   • § 53398.84 The public financing authority or any person executing the bonds shall not be personally liable on the bonds by reason of their issuance. The bonds and other…
   • § 53398.85 The bonds may be sold at discount not to exceed 5 percent of par at public sale. At least five days prior to the sale, notice shall be published, pursuant to…
   • § 53398.86 If any member of the public financing authority whose signature appears on bonds ceases to be a member of the public financing authority before delivery of the…
   • § 53398.87 Upon the approval of its governing board, a city, county, or special district that contains territory within the boundaries of a district, may loan moneys to…
   • § 53398.88 (a) Every two years after the issuance of debt pursuant to Section 53398.77, the district shall contract for an independent financial and performance audit.…