SB 226: Infrastructure revitalization financing districts.

Existing law authorizes a legislative body of a city to designate one or more proposed infrastructure revitalization financing districts, as specified, which are legally constituted governmental entities established for the sole purpose of financing certain types of facilities, as specified. Existing law limits districts to only financing facilities or projects of communitywide significance, including the acquisition, construction, or repair of commercial or industrial structures for private use.

This bill would specify that a facility or project to acquire, construct, or repair commercial or industrial structures for private use includes entertainment or sports facilities.