SB 1145 (Leyva) Enhanced Infrastructure Financing Districts: Maintenance
|Status:||Chaptered by Secretary of State. Chapter 563, Statutes of 2018|
Authorizes Enhanced Infrastructure Financing Districts (EIFD) to fund maintenance of public capital facilities on a pay-as-you-go basis.
1) Authorizes an EIFD to finance the ongoing or capitalized costs to maintain public capital facilities financed, in whole or in part, by the EIFD.
2) Prohibits the EIFD from using bonds to finance maintenance.
|More Info:||Legislative Website Info|
|Last Updated:||September 27, 2018|