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Enhanced Infrastructure Financing District Bill Analysis Now Available

October 24, 2014
Gov. Jerry Brown signed League-supported SB 628 (Beall) on Sept. 29, legislation that authorizes the creation of a new government entity called an Enhanced Infrastructure Financing District (EIFD).
 
Local agencies will be able to use this new EIFD law to develop infrastructure funded by tax increment revenue, subject to conditions that are less cumbersome than the requirements of existing, little-used IFD law. The League has prepared a detailed analysis of SB 628 outlining how EIFDs can be created and for what purpose. This analysis is now available on the League’s website.


 
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