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ACA1 (Aguiar-Curry) Local government financing: affordable housing and public infrastructure: voter approval.

Friday, June 19, 2020 8:00 AM | Ross Hutchings (Administrator)

ACA 1

(Aguiar-Curry D)   Local government financing: affordable housing and public infrastructure: voter approval.    

 

Current Text: Amended: 3/18/2019   html   pdf

 

Introduced: 12/3/2018

 

Last Amend: 3/18/2019

 

Status: 8/19/2019-Read third time. Refused adoption. Motion to reconsider made by Assembly Member Aguiar-Curry.

 

Location: 5/20/2019-A. RECONSIDERATION

 

Summary: The California Constitution prohibits the ad valorem tax rate on real property from exceeding 1% of the full cash value of the property, subject to certain exceptions. This measure would create an additional exception to the 1% limit that would authorize a city, county, city and county, or special district to levy an ad valorem tax to service bonded indebtedness incurred to fund the construction, reconstruction, rehabilitation, or replacement of public infrastructure, affordable housing, or permanent supportive housing, or the acquisition or lease of real property for those purposes, if the proposition proposing that tax is approved by 55% of the voters of the city, county, or city and county, as applicable, and the proposition includes specified accountability requirements.


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