Bill Text: CA AB448 | 2017-2018 | Regular Session | Amended
Bill Title: Joint powers authorities: Orange County Housing Finance Trust.
Spectrum: Bipartisan Bill
Status: (Passed) 2018-09-11 - Chaptered by Secretary of State - Chapter 336, Statutes of 2018. [AB448 Detail]
Download: California-2017-AB448-Amended.html
Amended
IN
Senate
June 14, 2018 |
Amended
IN
Senate
May 31, 2018 |
Amended
IN
Assembly
May 18, 2017 |
Assembly Bill | No. 448 |
Introduced by Assembly Members Daly and Quirk-Silva (Coauthors: Senators Bates, Hertzberg, Moorlach, and Nguyen) |
February 13, 2017 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
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 6539.5 is added to the Government Code, to read:6539.5.
(a) (1) Notwithstanding any other law, the County of Orange and any of the cities within the County of Orange may enter into a joint powers agreement pursuant to this chapter to create and operate a joint powers agency to fund housing to assist the homeless population and persons and families of extremely low, very low, and low income, as defined in Section 50093 of the Health and Safety Code, within the County of Orange.(3)The Orange County Housing Trust shall include the County
of Orange and may include any, or all, of the incorporated cities within the County of Orange.
(4)(A)Form and govern an infrastructure financing district pursuant to Chapter 2.8 (commencing with Section 53395) of Part 1 of Division 2 of Title 5, or an enhanced infrastructure financing district pursuant to Chapter 2.99 (commencing with Section 53398.50)
of Part 1 of Division 2 of Title 5. For purposes of an infrastructure financing district or enhanced infrastructure financing district formed by the Orange County Housing Trust, the Orange County Housing Trust shall constitute a city as that term is defined in Section 53395.1 or a county as that term is defined in Section 53398.51, and the board of directors shall be a legislative body as that term is defined in Sections 53395.1 and 53398.51.
(B)An infrastructure financing plan adopted by the Orange County Housing Trust pursuant to Article 2 (commencing with Section 53395.10) of Chapter 2.8 or Article 2 (commencing with Section 53398.59) of Chapter 2.99 of Part 1 of Division 2 of Title 5 may provide for the authority to collect incremental property tax revenues, pursuant to Section 53396 or 53398.75, as applicable, from the County of
Orange and any city participating in the Orange County Housing Trust, with the consent and agreement of the city from which the incremental property tax revenues are to be collected. An infrastructure financing plan adopted pursuant to this paragraph shall not include a provision for the receipt of incremental property tax revenues from any other affected taxing entity as that term is defined in Section 53395.1 or 53398.51.