CHAPTER 2.6. Infrastructure and Revitalization Financing Districts

Chapter 2.6 added by Stats. 2014, Ch. 775, Sec. 1.

§§ 53369–53369.49 · 38 sections

1. ARTICLE 1. General Provisions §§ 53369–53369.8 · 9 sections

   • § 53369 It is the intent of the Legislature in enacting this chapter to establish a long-term permanent program that provides local governments with tools and…
   • § 53369.1 Unless the context otherwise requires, the definitions contained in this article shall govern the construction of this chapter. (a) “Affected taxing entity”…
   • § 53369.2 (a) The revenues available pursuant to Article 3 (commencing with Section 53369.30) may be used directly for work allowed pursuant to Section 53369.3, may be…
   • § 53369.3 (a) A district may finance (1) the purchase, construction, expansion, improvement, seismic retrofit, or rehabilitation of any real or other tangible property…
   • § 53369.4 (a) A city may form a district to finance a project or projects on a former military base pursuant to the requirements set forth in this chapter. (b) A…
   • § 53369.5 (a) A district may finance only the facilities or services authorized in this chapter. The additional facilities or services may not supplant facilities or…
   • § 53369.6 It is the intent of the Legislature that the establishment of a district should not ordinarily lead to the removal of existing functional, habitable, and safe…
   • § 53369.7 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…
   • § 53369.8 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 Revitalization Financing District Plans §§ 53369.10–53369.26 · 17 sections

   • § 53369.10 A legislative body of a city may designate one or more proposed infrastructure revitalization financing districts pursuant to this chapter. Proceedings for the…
   • § 53369.11 The legislative body shall cause a copy of the resolution of intention to create the district to be mailed to each owner of land within the district.
   • § 53369.12 The legislative body shall cause a copy of the resolution to be mailed to each affected taxing entity.
   • § 53369.13 After adopting the resolution pursuant to Section 53369.10, the legislative body shall designate and direct the city engineer or other appropriate official to…
   • § 53369.14 After receipt of a copy of the resolution of intention to establish a district, the official designated pursuant to Section 53369.13 shall prepare a proposed…
   • § 53369.15 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…
   • § 53369.16 The designated official shall consult with each affected taxing entity, and, at the request of any affected taxing entity, shall meet with representatives of…
   • § 53369.17 The legislative body shall conduct a public hearing prior to adopting the proposed infrastructure financing plan. The public hearing shall be called no sooner…
   • § 53369.18 At the hour set in the required notices, the legislative body shall proceed to hear and pass upon all written and oral objections. The hearing may be continued…
   • § 53369.19 (a) The legislative body shall not enact a resolution proposing formation of a district and providing for the division of taxes of any affected taxing entity…
   • § 53369.20 (a) At the conclusion of the hearing, the legislative body may adopt a resolution proposing adoption of the infrastructure financing plan, as modified, and…
   • § 53369.21 (a) Except as otherwise provided in this chapter, laws regulating elections of the local agency that calls an election pursuant to this chapter, insofar as…
   • § 53369.22 (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…
   • § 53369.23 After the canvass of returns of any election pursuant to Section 53369.20, the legislative body may, by ordinance, adopt the infrastructure financing plan and…
   • § 53369.24 After the canvass of returns of any election conducted pursuant to Section 53369.20, the legislative body shall take no further action with respect to the…
   • § 53369.25 The legislative body may submit a proposition to establish or change the appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of…
   • § 53369.26 No later than June 30 of each year after the adoption of an infrastructure financing plan, the legislative body shall post an annual report in an easily…
3. ARTICLE 3. Division of Taxes §§ 53369.30–53369.31 · 2 sections

   • § 53369.30 Any infrastructure financing plan may contain a provision that taxes, if any, levied upon taxable property in the area included within the infrastructure…
   • § 53369.31 All costs incurred by a county in connection with the division of taxes pursuant to Section 53369.30 for a district shall be paid by that district.
4. ARTICLE 4. Tax Increment Bonds §§ 53369.40–53369.49 · 10 sections

   • § 53369.40 The legislative body may, by majority vote, initiate proceedings to issue bonds pursuant to this chapter by adopting a resolution stating its intent to issue…
   • § 53369.41 The resolution adopted pursuant to Section 53369.40 shall contain all of the following information: (a) A description of the facilities to be financed with the…
   • § 53369.42 The clerk of the legislative body shall publish the resolution adopted pursuant to Section 53369.40 once a day for at least seven successive days in a…
   • § 53369.43 The legislative body shall submit the proposal to issue the bonds to the voters who reside within the district. The election shall be conducted in the same…
   • § 53369.44 (a) Bonds may be issued only if two-thirds of the voters voting on the proposition vote in favor of authorizing the issuance of the bonds. (b) If the voters…
   • § 53369.45 If any proposition submitted to the voters pursuant to this chapter is defeated by the voters, the legislative body shall not submit, or cause to be submitted,…
   • § 53369.46 The legislative body may, by majority vote, provide for refunding of bonds issued pursuant to this chapter. However, refunding bonds shall not be issued if the…
   • § 53369.47 The legislative body or any person executing the bonds shall not be personally liable on the bonds by reason of their issuance. The bonds and other obligations…
   • § 53369.48 (a) The bonds may be sold at discount not to exceed 5 percent of par at a negotiated or public sale. At least five days prior to a public sale, notice shall be…
   • § 53369.49 If any member of the legislative body whose signature appears on bonds ceases to be a member of the legislative body before delivery of the bonds, his or her…