Helpful Clean Up to Last Year’s CRIA Law Goes to Governor
Aug 25, 2016
This League-sponsored measure contains helpful clean up to facilitate implementation of last year’s AB 2 (Alejo and Garcia), which authorized Community Revitalization and Investment Authorities (CRIAs).
Now on Gov. Jerry Brown’s desk, AB 2492 in brief:
Now on Gov. Jerry Brown’s desk, AB 2492 in brief:
- Clarifies the ways to calculate employment and crime data, based on input from the Employment Development Department and Department of Justice;
- Authorizes CRIAs to access several additional forms of financing that are available to Enhanced Infrastructure Financing Districts;
- Allows countywide and citywide income data to be used when designating areas, in addition to statewide income data, in recognition of regional income differences; and
- Allows state designated disadvantaged communities to more easily use the CRIA tool, which aligns economic development efforts with statewide objectives to reinvest in struggling communities and improve their environments.