Bill Tracker

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