BILL NUMBER: SB 1156 INTRODUCED
BILL TEXT
INTRODUCED BY Senator Steinberg
FEBRUARY 22, 2012
An act to add Part 1.86 (commencing with Section 34191.1) to
Division 24 of the Health and Safety Code, relating to economic
development.
LEGISLATIVE COUNSEL'S DIGEST
SB 1156, as introduced, Steinberg. Community Development and
Housing Joint Powers Authority.
The Community Redevelopment Law authorizes the establishment of
redevelopment agencies in communities to address the effects of
blight, as defined. Existing law dissolved redevelopment agencies and
community development agencies, as of February 1, 2012, and provides
for the designation of successor agencies. Existing law requires
that the successor agency, among other things, wind down the affairs
of the former redevelopment agency and dispose of assets and
properties of the former redevelopment agency, as directed by an
oversight board.
Existing law provides for various economic development programs
that foster community sustainability and community and economic
development initiatives throughout the state.
This bill would declare the intent of the Legislature to establish
and authorize the use of new joint powers authorities and a new
financing option for cities and counties throughout the state to
develop sustainable economic development and affordable housing. The
bill would authorize the legislative body of the city and county
representing the geographic territory covering the area served by a
former redevelopment agency to elect to form a Community Development
and Housing Joint Powers Authority (authority). The bill would
require the authority to assume from a successor agency the
responsibility for managing the assets and property of the former
redevelopment agency. The bill would authorize the authority to
exercise specified powers enumerated in the Community Redevelopment
Law, to enter into agreements to facilitate articulated career
technical education pathways, and to exercise certain other powers
relating to the financing of its activities.
Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Part 1.86 (commencing with Section 34191.1) is added to
Division 24 of the Health and Safety Code, to read:
PART 1.86. ECONOMIC DEVELOPMENT and HOUSING PROGRAM
CHAPTER 1. GENERAL PROVISIONS
34191.1. (a) It is the intent of the Legislature to establish and
authorize the use of new joint powers authorities and a new
financing option for cities and counties throughout the state to
develop sustainable economic development and affordable housing. It
is further the intent of the Legislature that the economic
development activities undertaken pursuant to this part encourage
planning and development that reduce greenhouse gas emissions and
facilitate infill and transit-oriented development.
(b) The Legislature finds that a comprehensive strategy for the
long-term economic development of the state must encourage the
creation of workforce skills needed to attract and retain a high-wage
workforce, in addition to public infrastructure requirements. Public
investments in human capital are as vital to the long-term growth of
the state's economy as investments in physical capital.
34191.2. For purposes of this part, "authority" or "Community
Development and Housing Joint Powers Authority" means the joint
exercise of powers agency formed under Chapter 5 (commencing with
Section 6500) of Division 7 of Title 1 of the Government Code.
CHAPTER 2. COMMUNITY DEVELOPMENT AND HOUSING JOINT POWERS
AUTHORITY
34191.10. (a) The legislative body of the city and county
representing the geographic territory covering the area served by a
former redevelopment agency may elect to form a Community Development
and Housing Joint Powers Authority pursuant to this part.
(b) The authority may exercise the powers enumerated in the
Community Redevelopment Law (Part 1 (commencing with Section 33000))
with respect to assembling, purchasing, and selling property and
remediating environmental damage to further housing, commercial, and
industrial development.
(c) The authority may enter into financial and other agreements
with community colleges, K-12 school districts, and private
businesses to facilitate the development and operation of articulated
career technical education pathways, as specified in Section 88532
of the Education Code.
CHAPTER 3. FINANCING
34191.15. An authority formed pursuant to this part shall assume
from a successor agency the operational and fiduciary responsibility
for managing the assets, properties, contracts, leases, books and
records, buildings, and equipment of former redevelopment transferred
to the successor agency pursuant to Chapter 5 of the First
Extraordinary Session of the Statutes of 2011. The authority shall
maximize the economic value of the assets in furtherance of the goals
and objectives authorized in this part. To the extent that any
conflict occurs, this part shall supersede the asset disposition
procedures set forth in subdivision (e) of Section 34177 and
subdivision (a) of Section 34181.
34191.16. A state or local public pension fund system authorized
by state law or local charter, respectively, including, but not
limited to, the Public Employees' Retirement System, the State
Teachers' Retirement System, a system established under the County
Employees Retirement Law of 1937, Chapter 3 (commencing with Section
31450) of Part 3 of Division 4 of Title 3 of the Government Code, or
an independent system, may invest capital in the public
infrastructure projects and private commercial and residential
developments undertaken by an authority.
34191.17. (a) An authority may exercise the full powers granted
under Chapter 2.8 (commencing with Section 53395) of Part 1 of
Division 2 of Title 5 of the Government Code and the Marks-Roos Local
Bond Pooling Act of 1985 (Article 4 (commencing with Section 6584)
of Chapter 5 of Division 7 of Title 1 of the Government Code).
(b) An authority may implement a local transactions and use tax
under Part 1.6 (commencing with Section 7251) of Division 2 of the
Revenue and Taxation code, except that the resolution authorizing the
tax may designate the use of the proceed of the tax.
(c) An authority may issue bonds paid for with authority proceeds,
which shall be deemed to be special funds to be expended by the
authority for the purposes of carrying out this part.