BILL NUMBER:  AB 338
  VETOED	DATE: 10/11/2009




To the Members of the California State Assembly:

I am returning Assembly Bill 338 without my signature.

This bill would eliminate voter approval requirements for the
creation of an Infrastructure Financing District (IFD) and the
issuance of tax allocation bonds by an IFD.  In doing so, this
measure would undermine the rights of voters to approve or reject
proposals to redirect their tax dollars and incur public debt.
Unlike the creation of a redevelopment plan, the creation of an IFD
is not conditioned upon a finding of blight, or upon any other
statutory or constitutional restraints other than strict voter
approval requirements.  As such, elections are the sole basis of
public input and fiscal discipline in the creation of an IFD, and it
is necessary to require voter approval.

For this reason I am unable to sign this bill.

Sincerely,



Arnold Schwarzenegger