California § 5956. 5956. (Added by Stats. 1996, Ch. 1040, Sec. 1.)

California Statutes

§ 5956. — 5956. (Added by Stats. 1996, Ch. 1040, Sec. 1.)

California·Code GOV Government Code - GOV·Div. 6.·Title 1. DIVISION 6. PUBLIC BONDS AND OBLIGATIONS·Ch. 14. CHAPTER 14. Infrastructure Financing

Local governmental agencies have experienced a significant decrease in available tax revenues to fund necessary infrastructure improvements.  If local governmental agencies are going to maintain the quality of life that this infrastructure provides, they must find new funding sources.  One source of new money is private sector investment capital utilized to design, construct, maintain, rebuild, repair, and operate infrastructure facilities.  Unless private sector investment capital becomes available to study, plan, design, construct, develop, finance, maintain, rebuild, improve, repair, or operate, or any combination thereof, fee-producing infrastructure facilities, some local governmental agencies will be unable to replace deteriorating infrastructure.  Further, some local governmental ag

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Local governmental agencies have experienced a significant decrease in available tax revenues to fund necessary infrastructure improvements. If local governmental agencies are going to maintain the quality of life that this infrastructure provides, they must find new funding sources. One source of new money is private sector investment capital utilized to design, construct, maintain, rebuild, repair, and operate infrastructure facilities. Unless private sector investment capital becomes available to study, plan, design, construct, develop, finance, maintain, rebuild, improve, repair, or operate, or any combination thereof, fee-producing infrastructure facilities, some local governmental agencies will be unable to replace deteriorating infrastructure. Further, some local governmental agencies will be unable to expand and build new infrastructure facilities to serve the increasing population.

California § 5956. (5956. (Added by Stats. 1996, Ch. 1040, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.