California Capital City Downtown Revitalization Act.

Senator Ashby's California Capital City Downtown Revitalization Act establishes a specialized infrastructure financing district in downtown Sacramento, bounded by the Sacramento River, American River, Broadway, and Alhambra Boulevard. The legislation authorizes either the City or County of Sacramento to create this district, which operates under existing enhanced infrastructure financing district provisions while incorporating specific allowances for the capital city's downtown core.

The bill permits affected taxing entities within Sacramento County to opt into the district's financing structure, enabling coordinated investment in public infrastructure and community development projects. Upon formation, the district gains authority to accept state funding, complementing local financing mechanisms already available through standard enhanced infrastructure financing district provisions, including property tax increment financing and bond issuance capabilities.

The Legislature's findings cite downtown Sacramento's distinct characteristics as justification for this targeted approach, noting that standard statutory frameworks cannot adequately address the area's specific development needs. This determination provides the legal basis for establishing specialized financing tools within the defined geographic boundaries.