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Integrated Financing District Act

California · GOV · §§ 53175 to 53199 · 36 sections

Overview

A district may do any of the following: (a) Levy an assessment which is contingent upon the development of land and which may be made payable at the time of approval of a tentative subdivision map, vesting tentative subdivision map, final subdivision map, or zoning change that makes or proposes to make a significant change in the use of the land, as determined by the legislative body by ordinance. The contingent assessment may be made payable upon receipt of a building permit for any parcels which have already received all other required approvals for development. The developer shall pay for any contingent assessment payable over time while the developer holds title to the property. The amount of the contingent assessment shall be in proportion to the benefit to be received by each parcel, and shall be specified as a fixed dollar amount per unit of area for parcels developed into each of several land use categories, as determined by the legislative body, except that the legislative body may provide that the fixed dollar amount may be adjusted annually by an interest rate, as determined by the legislative body by ordinance. The amount of the cumulative interest rate adjustment shal

Quoted from § 53187 — the act's own words.

In the courts

Sections of this act have been cited in 5 court decisions.

Most-cited authority: 32 Cal. 4th 409 - Richmond v. Shasta Community Services District

Sections covered

All California named statutes →

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