SB 1145 (Leyva) Enhanced Infrastructure Financing Districts: Maintenance
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.
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|Last Updated:||July 9, 2018|