AB 417: Local finance: enhanced infrastructure financing districts: community revitalization and investment authorities.
This bill aims to enhance infrastructure financing districts by allowing communities to finance public capital facilities and projects to foster economic recovery. A public financing authority must hold meetings and public hearings, review the plan annually, and make amendments with public notice. The authority must also adopt an annual report within a shorter timeframe. The bill also creates community revitalization and investment authorities to carry out community revitalization plans within specified areas. The areas must meet certain conditions, including low median household income and deteriorated structures. The authority must consider the plan at fewer public hearings and post notices online and in newspapers. Affected taxing entities can participate in the district and plan by adopting a resolution and providing notice. The authority can also approve the plan and participate in…
| Oct. 03, 2025 | Chaptered by Secretary of State - Chapter 260, Statutes of 2025. |
| Oct. 03, 2025 | Approved by the Governor. |
| Sep. 09, 2025 | Enrolled and presented to the Governor at 3 p.m. |
| Sep. 03, 2025 | Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 5. Page 2456.). |
| Sep. 03, 2025 | In Assembly. Ordered to Engrossing and Enrolling. |
LEGISLATIVE COUNSEL'S DIGEST
The people of the State of California do enact as follows:
SECTION 1.
The Legislature finds and declares all of the following:SEC. 2.
Section 53398.52 of the Government Code is amended to read:53398.52.
(a) (1) A district may finance any of the following:SEC. 3.
Section 53398.66 of the Government Code is amended to read: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 website and at a meeting held at least 30 days before the first public hearing. The purposes of the meeting shall be to allow the staff of the public financing authority to present the draft-enhanced infrastructure financing plan, answer questions about the enhanced infrastructure financing plan, and consider comments about the enhanced infrastructure financing plan.SEC. 4.
Section 53398.68 of the Government Code is amended to read: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 taxing entity pursuant to Article 3 (commencing with Section 53398.75) unless a resolution approving the plan has been adopted by the governing body of each affected taxing entity that is proposed to be subject to division of taxes pursuant to Article 3 (commencing with Section 53398.75) and has been filed with the legislative body at or before the time of the hearing.SEC. 5.
Section 62001 of the Government Code is amended to read:62001.
(a) A community revitalization and investment authority is a public body, corporate and politic, with jurisdiction to carry out a community revitalization plan within a community revitalization and investment area. The authority shall be deemed to be the “agency” described in subdivision (b) of Section 16 of Article XVI of the California Constitution for purposes of receiving tax increment revenues. The authority shall have only those powers and duties specifically set forth in Section 62002.SEC. 6.
Section 62004 of the Government Code is amended to read:62004.
(a) The draft plan shall be made available to the public and to each property owner within the area at a meeting held at least 30 days prior to the notice given for the first public hearing. The purposes of the meeting shall be to allow the staff of the authority to present the draft plan, answer questions about the plan, and consider comments about the plan.SEC. 7.
Section 62004.5 is added to the Government Code, to read:62004.5.
(a) As an alternative to mailing separate mailed notices prior to the meeting or public hearing pursuant to subdivision (j) of Section 62004, the authority may mail a notice to each landowner, resident, and affected taxing entity at least 40 days before the meeting held pursuant to subdivision (a) of Section 62004. This notice shall include all of the following, as applicable:SEC. 8.
Section 62004.6 is added to the Government Code, to read:62004.6.
Except for the newspaper notices described in subdivision (j) of Section 62004, a notice required by this part shall be provided in English and in all other languages spoken jointly by 20 percent or more of the population in the jurisdiction of the county of the proposed authority that speaks English less than “very well” and jointly speaks a language other than English according to data from the most recent American Community Survey or data from an equally reliable source.