LEGISLATIVE UPDATE M A R C H 2 2 , 2 0 1 7 L E G I S L A T I V - - PowerPoint PPT Presentation

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Dec 25, 2022 298 likes •386 views

C A L E D A N N U A L C O N F E R E N C E LEGISLATIVE UPDATE M A R C H 2 2 , 2 0 1 7 L E G I S L A T I V E A C T I O N C O M M I T T E E 2 0 1 6 B I L L S & F O L L O W- U P 2 0 1 7 - 1 8 P R I O R I T I E S C

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C A L E D A N N U A L C O N F E R E N C E

LEGISLATIVE UPDATE

M A R C H 2 2 , 2 0 1 7

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L E G I S L A T I V E A C T I O N C O M M I T T E E
2 0 1 6 B I L L S & F O L L O W- U P
2 0 1 7 - 1 8 P R I O R I T I E S
C B PA : C A L I F O R N I A’ S L E G I S L A T I V E O U T L O O K
Q & A

SLIDE 3

2 0 1 6 C A L E D B I L L S B I L L S U B J E C T P O S I T I O N O U T C O M E SB 820

(Hertzberg) Extended California Land Reuse & Revitalization Act (CLRRA). SPONSOR Signed by Governor

AB 2605

(Nazarian) Deleted obsolete State code references related to GO-Biz. SPONSOR Signed by Governor

AB 2492

(Alejo) Community Revitalization & Investment Authorities: added flexibility for area qualifications & additional revenue sources. Support Signed by Governor

SB 936

(Hertzberg) Lowered reserve requirement for California’s Small Business Expansion Fund from 20% to 10%. Support Signed by Governor

AB 806 (Dodd) Allowed cities & counties to acquire, sell, or lease property for

economic development purposes. Support Signed by Governor

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2 0 1 6 F O L L O W- U P B I L L N E X T S T E P S C O N F E R E N C E S E S S I O N S SB 820

(Hertzberg) CALED Brownfield Committee engaged on potential permanent extension of CLRRA. The Tools to Get the Job Done Revitalizing & Developing Infill Areas

AB 2492 (Alejo)

& SB 628/AB 2 CALED formed Tax Increment Financing Committee to provide technical assistance on new TIF tools (EIFDs & CRIAs). New CALED Resources:

Primer on California’s New Tax Increment Financing Tools
CALED’s website (www.caled.org/tif-technical-committee):
TIF Committee roster
FAQs & comparison charts
TIF tools booklet

The Tools to Get the Job Done Meeting the Challenge   Global Climate Control Meets Local ED Beyond the Basics

AB 806 (Dodd)

Conference technical track session features AB 806. The Tools to Get the Job Done

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1. Refine New Tax Increment Tools

Enhanced Infrastructure Financing Districts/Community Revitalization & Investment Authorities

2. Reauthorization of Governor’s Economic Development Initiative

California Competes & Manufacturing Tax Credits

3. SBDC Cash Match 4. Other New Tools for Economic Development * Other Topics to Watch:

Transportation infrastructure, affordable housing funding, Cap & Trade reauthorization 2 0 1 7 - 2 0 1 8 P R I O R I T I E S

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M AT T H E W H A R G RO V E

S E N I O R V I C E P R E S I D E N T O F G O V E R N M E N T A L A F F A I R S C A L I F O R N I A B U S I N E S S P R O P E R T I E S A S S O C I A T I O N C A L I F O R N I A’ S L E G I S L A T I V E O U T L O O K

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C A L E D A N N U A L C O N F E R E N C E

LEGISLATIVE UPDATE

M A R C H 2 2 , 2 0 1 7