2023 – Assembly Bill 930 (Friedman, Laura), Local government: Reinvestment in Infrastructure for a Sustainable and Equitable California (RISE) districts (2-Year)
Bill Number
AB 930
Legislative Session
2023-2024
Bill Information
Category
Transportation Planning, Land Use, and Housing
Status
2-year
Author
Friedman.Laura
Contact
Office of Legislative Affairs
Email
Summary
Authorizes the legislative bodies of local governments to jointly form a Reinvestment in Infrastructure for a Sustainable and Equitable California district (RISE district) in accordance with specified procedures. The bill requires the California Office of Planning and Research to develop standards for the formation of RISE districts no later than November 30, 2025, and provides for the establishment of a governing board of a RISE district with representatives of each participating local government, raising revenue to support RISE, and a revolving loan fund. Was not heard in the Assembly Appropriations Committee.