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AMENDED IN ASSEMBLY AUGUST 26, 2013 <br /> AMENDED IN SENATE MARCH 6, 2013 <br /> SENATE BILL No. 33 <br /> Introduced by Senator Wolk <br /> (Coauthor-Coauthors: Assembly M..”,b•., Members Frazier and <br /> V. Manuel Perez) <br /> December 3, 2012 <br /> An act to amend Sections 53395,53395.1,53395.2,53395.3,53395.4, <br /> 53395.5, 53395.6, 53395.7, 53395.10, 53395.11, 53395.12, 53395.13, <br /> 53395.14, 53395.16, 53395.17, 53395.19, 53395.20, 53396, 53397.1, <br /> and 53397.2 of, to repeal Sections 53395.22, 53395.23, 53395.24, <br /> 53395.25, 53397.5, 53397.6, and 53397.7 of, and to repeal and add <br /> Section 53395.21 of, the Government Code, relating to infrastructure <br /> financing districts. <br /> LEGISLATIVE COUNSEL'S DIGEST <br /> SB 33, as amended, Wolk. Infrastructure financing districts: voter <br /> approval: repeal. <br /> (1) Existing law authorizes a legislative body, as defined, to create <br /> an infrastructure financing district, adopt an infrastructure financing <br /> plan, and issue bonds, for which only the district is liable, to finance <br /> specified public facilities,upon voter approval.Existing law authorizes <br /> an infrastructure financing district to fund infrastructure projects through <br /> tax increment financing, pursuant to the infrastructure financing plan <br /> and agreement of affected taxing entities, as defined. <br /> This bill would revise and recast the provisions governing <br /> infrastructure financing districts. The bill would eliminate the <br /> requirement of voter approval for creation of the district and for bond <br /> issuance,and would authorize the legislative body to create the district <br /> 97 <br />