Bill Tracker

SB 1145 (Leyva) Enhanced Infrastructure Financing Districts: Maintenance

Position:Watch
Status:In Assembly
Summary:

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:July 9, 2018