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SB 33 Senate Bill-Bill Analysis Page I of 7 <br /> BILL ANALYSIS <br /> SB 33 <br /> Page 1 <br /> SENATE THIRD READING <br /> SB 33 (Wolk) <br /> As Amended August 26, 2013 <br /> Majority vote <br /> SENATE VOTE :24-13 <br /> LOCAL GOVERNMENT 5-2 APPROPRIATIONS 11-5 <br /> Ayes: ILevine, Alejo, Gordon, IAyes: IGatto, Bocanegra, Ian <br /> (Mullin, Rendon (Calderon, Campos, Eggman, <br /> (Gomez, Hall, Holden, Pan, <br /> (Quirk, Weber <br /> I I <br /> Nays: IMelendez, Waldron INays: I Harkey, Bigelow, <br /> (Donnelly, Linder, Wagner <br /> SUMMARY Eliminates the voter approval requirement for a city <br /> or county to create an infrastructure financing district (IFD) <br /> and expands the types of projects that may be financed by a <br /> district. Specifically, this bill . <br /> 1)Repeals the voter approval requirements to form an IFD, issue <br /> bonds, and set the appropriations limit. <br /> 2)Allows an IFD to contribute to the cost of maintaining <br /> facilities, as specified, and adds the following to the types <br /> of facilities an IFD can finance: <br /> a) Watershed lands used for the collection and treatment of <br /> water for urban uses; <br /> b) Flood management, including levees, bypasses; and, <br /> c) Habitat restoration. <br /> 3)Authorizes an IFD to finance the cleanup and development of <br /> brownfield properties contaminated by hazardous waste under <br /> the provisions of the Polanco Redevelopment Act. <br /> 4)Allows an IFD to finance any project that implements a transit <br /> priority project, regional transportation plan, or other <br /> SB 33 <br /> Page 2 <br /> projects that are consistent with the general use designation, <br /> density, building intensity, and applicable policies specified <br /> for the project area in either a sustainable communicates <br /> strategy (SCS) or an alternative planning strategy (APS) for <br /> which the Air Resources Board has accepted the metropolitan <br /> planning organization's determination that the SCS or the APS, <br /> would, if implemented, achieve the greenhouse gas emission <br /> reduction targets. <br /> 5)Expands the life of an IFD from 30 to 40 years. <br /> 6)Removes the prohibition against an IFD including any portion <br /> http://www.leginfo.ca.gov/pub/13-14/bill/sen/sb_0001-0050/sb_33_c fa_20130829_I70827_asm_floor.html 7/3/2014 <br />