California SB677 allows the state to join joint powers authorities for issuing bonds to finance residential rental projects.
California SB677 amends the Government Code to allow the state to join joint powers authorities without needing additional approval. The state can join to provide issuer approval or host approval for tax-exempt private activity bonds to finance eligible residential rental projects. The state's membership does not change the authority of the joint powers authority. The bill also modifies the process for approving final maps for housing development projects, including setting time limits for hearings and decisions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.