BILL NUMBER: SB 535INTRODUCED BILL TEXT INTRODUCED BY Senator Pan FEBRUARY 26, 2015 An act relating to economic development. LEGISLATIVE COUNSEL'S DIGEST SB 535, as introduced, Pan. City of Sacramento. Existing law supports economic development in cities throughout the state. This bill would state the intent of the Legislature to enact legislation to encourage economic development in the downtown area of the City of Sacramento through a partnership between the state, the City of Sacramento, and the federal government. 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. It is the intent of the Legislature to enact legislation to encourage economic development in the downtown area of the City of Sacramento through a partnership between the state, the City of Sacramento, and the federal government.