CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 791Introduced by Assembly Member GabrielFebruary 20, 2019 An act relating to economic development.LEGISLATIVE COUNSEL'S DIGESTAB 791, as introduced, Gabriel. California Opportunity Zones: investment.Existing law, the Economic Revitalization Act, authorizes the Governors Office of Business and Economic Development (GO-Biz) to develop content, as provided, to inform the public about place-based and other geographically targeted economic development programs, including federal Promise Zones and Opportunity Zones designated within California by specified federal entities. Existing law requires GO-Biz to at least annually convene representatives from various programs and agencies across the state and from various federal programs and agencies for the purpose of discussing how California can leverage Promise Zones and Opportunity Zones to meet state and local community and economic development needs. Existing law defines the terms California Opportunity Zone and California Promise Zone for these purposes.This bill would state the Legislatures intent to enact legislation that would support investment in California Opportunity Zones.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would support investment in California Opportunity Zones.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 791Introduced by Assembly Member GabrielFebruary 20, 2019 An act relating to economic development.LEGISLATIVE COUNSEL'S DIGESTAB 791, as introduced, Gabriel. California Opportunity Zones: investment.Existing law, the Economic Revitalization Act, authorizes the Governors Office of Business and Economic Development (GO-Biz) to develop content, as provided, to inform the public about place-based and other geographically targeted economic development programs, including federal Promise Zones and Opportunity Zones designated within California by specified federal entities. Existing law requires GO-Biz to at least annually convene representatives from various programs and agencies across the state and from various federal programs and agencies for the purpose of discussing how California can leverage Promise Zones and Opportunity Zones to meet state and local community and economic development needs. Existing law defines the terms California Opportunity Zone and California Promise Zone for these purposes.This bill would state the Legislatures intent to enact legislation that would support investment in California Opportunity Zones.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill No. 791
Introduced by Assembly Member GabrielFebruary 20, 2019
Introduced by Assembly Member Gabriel
February 20, 2019
An act relating to economic development.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 791, as introduced, Gabriel. California Opportunity Zones: investment.
Existing law, the Economic Revitalization Act, authorizes the Governors Office of Business and Economic Development (GO-Biz) to develop content, as provided, to inform the public about place-based and other geographically targeted economic development programs, including federal Promise Zones and Opportunity Zones designated within California by specified federal entities. Existing law requires GO-Biz to at least annually convene representatives from various programs and agencies across the state and from various federal programs and agencies for the purpose of discussing how California can leverage Promise Zones and Opportunity Zones to meet state and local community and economic development needs. Existing law defines the terms California Opportunity Zone and California Promise Zone for these purposes.This bill would state the Legislatures intent to enact legislation that would support investment in California Opportunity Zones.
Existing law, the Economic Revitalization Act, authorizes the Governors Office of Business and Economic Development (GO-Biz) to develop content, as provided, to inform the public about place-based and other geographically targeted economic development programs, including federal Promise Zones and Opportunity Zones designated within California by specified federal entities. Existing law requires GO-Biz to at least annually convene representatives from various programs and agencies across the state and from various federal programs and agencies for the purpose of discussing how California can leverage Promise Zones and Opportunity Zones to meet state and local community and economic development needs. Existing law defines the terms California Opportunity Zone and California Promise Zone for these purposes.
This bill would state the Legislatures intent to enact legislation that would support investment in California Opportunity Zones.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would support investment in California Opportunity Zones.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to enact legislation that would support investment in California Opportunity Zones.
SECTION 1. It is the intent of the Legislature to enact legislation that would support investment in California Opportunity Zones.
SECTION 1. It is the intent of the Legislature to enact legislation that would support investment in California Opportunity Zones.
### SECTION 1.