California Assembly Bill AB2712 Latest Draft

 BILL NUMBER: AB 2712INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Knight FEBRUARY 19, 2010 An act to amend Section 7074.2 of the Government Code, relating to enterprise zones. LEGISLATIVE COUNSEL'S DIGEST AB 2712, as introduced, Knight. Enterprise zones. The Enterprise Zone Act authorizes the designation of certain depressed areas in this state as enterprise zones for purposes of providing specific economic incentives within those areas. This bill would make technical, nonsubstantive changes to that act. 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.