Bill Text: CA SB955 | 2023-2024 | Regular Session | Amended
Bill Title: Office of Planning and Research: Infrastructure Gap-Fund Program.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-05-16 - May 16 hearing: Held in committee and under submission. [SB955 Detail]
Download: California-2023-SB955-Amended.html
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Amended
IN
Senate
April 04, 2024 |
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Amended
IN
Senate
March 19, 2024 |
CALIFORNIA LEGISLATURE—
2023–2024 REGULAR SESSION
Senate Bill
No. 955
| Introduced by Senator Seyarto |
January 22, 2024 |
An act to add Article 8 (commencing with Section 65059.5) to Chapter 1.5 of Division 1 of Title 7 of the Government Code, relating to infrastructure financing.
LEGISLATIVE COUNSEL'S DIGEST
SB 955, as amended, Seyarto.
Office of Planning and Research: Infrastructure Gap-Fund Program.
Existing law establishes the Office of Planning and Research in the Governor’s office for the purpose of serving the Governor and the Governor’s cabinet as staff for long-range planning and research and constituting the comprehensive state planning agency. Existing law authorizes a local agency to finance infrastructure projects through various means, including by establishing an enhanced infrastructure financing district to finance public capital facilities or other specified projects of communitywide significance that provide significant benefits to the district or the surrounding community.
This bill would require the office, upon appropriation by the Legislature, to establish the Infrastructure Gap-Fund Program to provide grants to local agencies to develop and construct infrastructure projects, as defined. The bill would authorize the
office to provide funding for up to 20% of a project’s total cost, as specified. subject to specified requirements, including, among other things, that the office is prohibited from awarding a grant to a local agency unless the local agency provides funding that has been raised through local taxes for at least 10% of the infrastructure project’s total cost. The bill would require the office to develop guidelines and criteria to implement the program.
program that establish the criteria by which grant applications will be evaluated and funded. The bill would make these provisions operative January 1, 2027.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Article 8 (commencing with Section 65059.5) is added to Chapter 1.5 of Division 1 of Title 7 of the Government Code, to read:Article 8. Infrastructure Gap-Fund Program
65059.5.
For the purposes of this article, the following definitions apply:(a) “Infrastructure project” means a broadband, fire station, school, health and safety improvement, or road project.
(b) “Local agency” means a county, city, or a city and county.
(c) “Program” means the Infrastructure Gap-Fund Program established pursuant to Section 65059.6.
(d) “Road project” means a project that decreases vehicle miles traveled on roads and improves the public health, safety, and welfare.
65059.6.
(a) Upon appropriation by the Legislature, the office shall establish the Infrastructure Gap-Fund Program to provide a grant to a local agency to develop and construct an infrastructure project.(b) The office may award a grant that provides funding for up to 20 percent of an infrastructure project’s total cost. In awarding a grant under the program, the office shall comply with all of the following:
(1) The office shall not award a grant to a local agency unless the local agency provides funding for at least 80 percent of the infrastructure project’s total cost.
(2) The office shall not award a grant to a local agency unless the local agency provides funding that has been raised through local taxes for at least 10 percent of the infrastructure project’s total cost.
(2)
(3) The office shall award a grant only for an infrastructure project that has the necessary entitlements, permits and certifications that make the infrastructure project shovel-ready.
(3)The office shall prioritize lowest cost infrastructure projects.
(c) The office shall develop guidelines and criteria to implement the program consistent with the requirements of this article. article that establish the criteria by which grant applications will be evaluated and funded.
(d) This section shall become operative on January 1, 2027.
