California Assembly Bill AB1756 Introduced / Bill

 BILL NUMBER: AB 1756INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Swanson FEBRUARY 8, 2010 An act to amend Section 7115 of the Government Code, relating to economic development. LEGISLATIVE COUNSEL'S DIGEST AB 1756, as introduced, Swanson. Economic development: military base closure. The Local Agency Military Base Recovery Area Act authorizes a local agency to propose to the Department of Housing and Community Development that an eligible area, as defined, within the local agency's jurisdiction be designated, for an 8-year period, as a local agency military base recovery area by the department, as specified, thereby authorizing the local agency to extend regulatory, tax, and other governmental program incentives to offset the adverse economic effects of federal military base closures. That act also requires the department to submit a report to the Legislature annually that evaluates specified effects of the program in designated areas, indicates whether more areas should be designated, as specified, and provides specified information relating to the value of area tax credits. This bill would make technical, nonsubstantive changes to that law. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 7115 of the Government Code is amended to read: 7115. The department shall submit a report to the Legislature on or before July 1,  1996, and every year thereafter, which   of each year that does all of the following  : (a) Evaluates the effect of the program on employment, investment, and incomes, and on state and local tax revenues in designated local agency military base recovery areas. (b) Indicates whether the number of existing local agency military base recovery areas should be expanded, by how many, and under what applicable time schedules. (c)  Information   Provides information  from the Franchise Tax Board on the dollar value of local agency military base recovery area tax credits that are claimed each year by businesses.