Enhanced infrastructure financing district: climate resilience districts.

Senator Pérez's legislation establishes an expedited process for cities and counties to create enhanced infrastructure financing districts in areas impacted by state-declared disasters. The measure allows local governments to adopt tax-sharing resolutions without standard infrastructure financing plan procedures when disaster damage has substantially disrupted normal land use patterns.

The districts must limit their activities to three primary functions: repairing or replacing disaster-damaged infrastructure, implementing disaster mitigation measures like utility hardening, and supporting economic recovery through programs such as construction loans and workforce development. Adjacent areas may comprise up to 20 percent of a district's territory, and resolutions must be adopted within two years of the disaster proclamation.

The bill maintains public oversight by requiring districts to hold noticed meetings before establishing financing plans or adopting resolutions. Public members of district governing boards must have direct ties to the area as residents, property owners, or business representatives and serve minimum four-year terms. While districts may proceed with projects that diverge from existing general plans during recovery, they must still consult affected taxing entities and cannot use bond proceeds for operational costs or ongoing programs.