California Assembly Bill AB2636 Latest Draft

 BILL NUMBER: AB 2636INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Logue FEBRUARY 19, 2010 An act to amend Section 7074.2 of the Government Code, relating to enterprise zones. LEGISLATIVE COUNSEL'S DIGEST AB 2636, as introduced, Logue. Enterprise zones. The Enterprise Zone Act provides for the designation of enterprise zones by the Department of Community Housing and Development, based on the department's approval of applications from a city, county, or city and county with a geographic area meeting certain criteria. Existing law provides that specified entities within a designated enterprise zone may receive regulatory, tax, and other incentives for private investment and employment. Existing law prohibits the existence of more than 42 enterprise zones at any one time. This bill would make nonsubstantive, technical changes in these provisions. 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 7074.2 of the Government Code is amended to read: 7074.2. (a) Notwithstanding any other  provision of  law, a city, county, or a city and county may designate a joint powers authority to administer an enterprise zone. (b) No more than 42 enterprise zones may be designated at any one time pursuant to this chapter, including those deemed designated pursuant to subdivision (e) of Section 7073. Upon the expiration or termination of a designation, the department may designate another enterprise zone to maintain a total of 42 enterprise zones. (c) Notwithstanding any other  provision of  law, an expiring enterprise zone that applies for a new enterprise zone designation pursuant to Section 7073 or 7073.1, and receives a conditional designation letter from the department, may offer, and a taxpayer doing business within the geographic boundaries of the new zone referenced in the conditional designation letter shall be eligible to receive, all enterprise zone benefits until the department makes a final designation or declines to redesignate the zone. The department shall make the effective date of the new zone the date of expiration of the previous designation and the term of the new zone shall begin on that date.