From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
The governor signed it. Nothing left to watch.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary OTHER FISCAL IMPACT Due to multiple unknown variables, any permissive impacts to local government cannot be reasonably quantified; however, this legislation may result in additional bond issuances by infrastructure development districts statewide and corresponding payments on bond principal and interest. Bill Summary Present law provides independent authority for the establishment and governance of an infrastructure development district. This bill clarifies that such independent authority does not affect the operation of other parts of the law that provide a separate independent authority for the establishment and governance of a central business improvement or infrastructure development district. PUBLIC HEARINGS Present law allows governing bodies of host municipalities to hold a joint public hearing upon receiving the filing of a petition initiating the creation of an infrastructure development district. This bill clarifies that the municipalities may hold separate public hearings when a governing body makes approval contingent on the approval of another governing body. ESTABLISHMENT RESOLUTION Present law provides the requirements for what must be contained with an establishment resolution adopted by the governing body of the municipalities. This bill eliminates the requirement that the establishing resolution contain the maximum rate of levy of the special assessment that may be imposed. Present law authorizes host municipalities who have adopted an establishment resolution for an infrastructure development district to levy special assessments against all properties located within that portion of the infrastructure development district lying within the boundaries of such host municipality. This bill allows an establishment resolution to provide that a portion of special assessments be set aside