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Committee approves extending public facilities district tax term from 40 to 65 years
Summary
House Bill 1109, which would extend authorization for certain state-shared local sales and use tax financing for regional centers via public facilities districts from 40 to 65 years, was reported out of the House Finance Committee by voice vote.
House Bill 1109 was reported out of the House Finance Committee with a due pass recommendation after members voiced broad support for giving local public facilities districts more financing flexibility.
Rochelle Harris, committee staff, summarized the bill: "House Bill 11 0 9 extends the authorization for 2 of the state shared local sales and use taxes for regional centers, via public facilities districts from 40 to 65 years. There are no amendments."
Representative Wallin moved the bill out of committee with a due pass recommendation. Representative Santos urged a yes vote, saying the bill "provides some, needed flexibility, and for our local governments to better manage, their fiscal, matters" and noted that extending repayment periods can reduce monthly payments. Representative Orcutt also recommended a yes vote, reporting support from public facilities districts in his area.
The committee took a voice vote. Chair Berg announced the result as 14 ayes with one member excused (Representative Street), and declared the bill "reported out of committee with a due pass recommendation." There were no amendments raised during the committee’s consideration.
