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THE CITY OF -� _ ATTACHMENT 4 LEASANTON. 2019 Monitored Legislation Assembly Bill/ Summary Guiding Principle CASA Compact Senate Bill agency's governmental operations, except property being held by the agency expressly for the purpose of exchange for another property necessary for its governmental operations and would provide that land is presumed to be surplus land when a local agency initiates an action to dispose of it. AB 1487 (Chuff) This bill, the San Francisco Bay Area Housing Element#9 San Francisco Regional Housing Finance Act, would Funding and Bay area: establish the Housing Alliance for the Financing the housing Bay Area (hereafter"the entity") and CASA Compact development: would state that the entity's purpose is financing to increase affordable housing in the San Francisco Bay area, as defined, by providing for enhanced funding and technical assistance at a regional level for tenant protection, affordable housing preservation, and new affordable housing production. The bill would establish a governing board of the entity, composed of members appointed by the Metropolitan Transportation Commission, the Association of Bay Area Governments, and the Governor. The bill would authorize the entity to exercise various specified powers, including the power to raise revenue and allocate funds throughout the San Francisco Bay area, subject to applicable voter approval requirements and other specified procedures, as provided. The bill would also require the board to provide for annual audits of the entity and financial reports, as provided. The bill would include findings that the changes proposed by this bill address a matter of statewide concern rather than a municipal affair and, therefore, apply to all cities within the San Francisco Bay Area, including charter cities. The bill would state the intent of the Legislature to authorize the entity to, among other things, raise and allocate new revenue by placing 17