CaliforniaEnhanced infrastructure financing districts: California Capital City Downtown Revitalization Act.
What it does
Existing law authorizes the legislative body of a city or a county, defined to include a city and county, to establish an enhanced infrastructure financing district to finance public capital facilities or other specified projects of communitywide significance, as provided. Existing law provides for the preparation of a proposed infrastructure financing plan, as provided, which takes effect upon adoption by the public financing authority of the district following a specified public hearing and protest procedure. Existing law authorizes the infrastructure financing plan to provide for the division of taxes levied on taxable property in the area included within the district, as specified, and authorizes the public financing authority to issue bonds by adopting a resolution containing specified provisions, including a determination of the amount of tax revenue available or estimated to be available for the payment of the principal of, and interest on, the bonds.
More detail
This bill would establish the California Capital City Downtown Revitalization Act, and would authorize the City or County of Sacramento to create an enhanced infrastructure financing district within the downtown Sacramento geographic area. The bill would authorize an affected taxing entity located entirely, or in part, in the County of Sacramento to opt in to the district.
Existing law specifies that an enhanced infrastructure financing district is not prohibited from utilizing revenues from additional sources to support its activities if the district obtains voter approval, as applicable, and the infrastructure financing plan is approved.
This bill would additionally specify that a district is not prohibited from utilizing state funds to support its activities if the district obtains voter approval, as applicable, and the infrastructure financing plan is approved. The bill would also specify that the California Capital City Downtown Revitalization District may accept state funds, as provided.
This bill would make legislative findings and declarations as to the necessity of a special statute for the downtown Sacramento geographic area.
This bill would incorporate additional changes to Section 53398.75 of the Government Code proposed by SB 5 to be operative only if this bill and SB 5 are enacted and this bill is enacted last.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Oct 13Chaptered by Secretary of State. Chapter 769, Statutes of 2025.Latest
- Oct 13Approved by the Governor Gavin Newsom.Became Law
- Sep 22Enrolled and presented to the Governor at 11 a.m.To Governor
- Sep 10Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2826.) Ordered to engrossing and enrolling.Major
- Vote recorded Unfinished Business SB516 Ashby Concurrence. Result: pass.Upper
- Sep 8In Senate. Concurrence in Assembly amendments pending.
- Vote recorded SB 516 Ashby Senate Third Reading By Haney. Result: pass.Lower
- Sep 8Read third time. Passed. (Ayes 79. Noes 0. Page 2979.) Ordered to the Senate.Passed Assembly
- Sep 4Ordered to third reading.Minor
- Sep 4Read third time and amended.Major
- Aug 18Read second time. Ordered to third reading.Minor
- Jul 17Read second time and amended. Ordered to second reading.Major
- Jul 17From committee: Do pass as amended. (Ayes 10. Noes 0.) (July 16).Major
- Jul 17Assembly Rule 63 suspended. (Ayes 49. Noes 15. Page 2578.)
- Jul 16
- Vote recorded Do pass as amended. Result: pass.Lower
- Jun 9Referred to Com. on L. GOV.Minor
- Jun 4In Assembly. Read first time. Held at Desk.Minor
- Jun 3Read third time. Passed. (Ayes 38. Noes 0. Page 1470.) Ordered to the Assembly.Passed Senate
- Vote recorded 3rd Reading. Result: pass.Upper
- May 8Read second time. Ordered to third reading.Minor
- May 7From committee: Do pass. (Ayes 6. Noes 0. Page 1038.) (May 7).Minor
- Vote recorded Do pass. Result: pass.Upper
- Apr 30From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.Major
- Apr 7Set for hearing May 7.
- Apr 7April 23 hearing postponed by committee.
- Mar 24Set for hearing April 23.
- Feb 26Referred to Com. on L. GOV.Minor
- Feb 20From printer. May be acted upon on or after March 22.
- Feb 19Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced