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-3— SB33 1 works,schools, libraries,parks,parking facilities,open space,and 2 seismic retrofit and rehabilitation of public facilities. 3 (b) The Legislature further finds and declares that the methods 4 available to local agencies to finance public works often place an 5 undue and unfair burden on buyers of new homes, especially for 6 public works that benefit the broader community. 7 (c) The Legislature further finds and declares that the absence 8 of practical and equitable methods for financing public works leads 9 to a declining standard of public works, a reduced quality of life 10 and decreased safety for affected citizens, increased objection to 11 otherwise desirable development, and excessive costs for 12 homebuyers. 13 (d) The Legislature further finds and declares that because 14 California's disadvantaged communities, as defined in Section 15 75005 of the Public Resources Code, may not be beneficiaries of 16 quality public works, these communities are neglected and, thus, 17 isolated from and deprived of the basic facilities needed for public 18 health and safety. 19 (e) The Legislature further finds and declares that it is equitable 20 and in the public interest to provide alternative procedures for 21 financing public works and services needed to meet the needs of 22 new housing,disadvantaged communities,and other development 23 projects. 24 (1) The Legislature further finds and declares that it is in the 25 public interest to develop a mechanism that allows public agencies 26 to jointly dedicate their revenues to projects that support sustainable 27 communities. 28 (g) The Legislature further finds and declares that infrastructure 29 financing districts implement and fulfill the intent of Article 2 30 (commencing with Section 53395.10)and of Article XIII B of the 31 California Constitution, and are consistent with the conclusion of 32 California courts that tax increment revenues are not"proceeds of 33 taxes"for purposes of Article XIII B of the California Constitution. 34 The allocation and payment to a district of the portion of taxes 35 specified in this section for the purpose of paying principal of, or 36 interest on, loans,advances,or indebtedness incurred for facilities 37 or the cost of acquisition and construction of facilities under this 38 section shall not be deemed the receipt by a district of proceeds 39 of taxes levied by or on behalf of the district within the meaning 40 or for the purposes of Article XIII B of the California Constitution, 97