Section 53186.
53186. The powers of an integrated financing district shall be in addition to those of each financing act, and may be used instead of, in addition to, or in conjunction with, the powers contained in the financing act. (Added by Stats. 1986, Ch. 1512, Sec. 1.)
Section 53187.
53187. A district may do any of the following: (a) Levy an assessment which is contingent upon the development of land and which may be made payable at the time of approval of a tentative subdivision map, vesting tentative subdivision map, final subdivision map, or zoning change that makes or proposes to make a significant change […]
Section 53190.
53190. If the legislative body determines by ordinance to proceed with the establishment of the district pursuant to subdivision (b) of Section 53184, the legislative body, or its designated representative, may enter into a reimbursement agreement with any private person or entity, or with any public entity, hereafter referred to as the investor. (Added by […]
Section 53190.5.
53190.5. A reimbursement agreement shall contain both of the following provisions: (a) A requirement that the investor advance funds to the local agency to be used by the local agency exclusively to pay the costs of the work described in the resolution of intention adopted pursuant to Section 53181, or that the investor perform the work […]
Section 53191.
53191. The investor’s interest in a reimbursement agreement may be negotiable and divisible, as specified in the agreement. (Added by Stats. 1986, Ch. 1512, Sec. 1.)
Section 53191.5.
53191.5. The obligations of the local agency arising from the reimbursement agreement shall be secured by a pledge of the revenues arising from the contingent or noncontingent assessments or levies made pursuant to a financing act levied within the integrated financing district. The general fund of the local agency is not liable for the payment […]
Section 53192.
53192. Any obligations arising from the reimbursement agreement are not a debt of the local agency, or a legal or equitable pledge, charge, lien, or encumbrance upon any of its property, or upon any of its income, receipts, or revenues, except the revenues arising from the contingent assessments or levies made pursuant to the financing […]
Section 53192.5.
53192.5. All income received by the investor from the fund is exempt from taxation in this state, except gift, inheritance, and estate taxes. (Added by Stats. 1986, Ch. 1512, Sec. 1.)
Section 53193.
53193. The reimbursement agreement may provide for the terms and conditions under which the investor may enforce the convenants and duties imposed by the agreement. (Added by Stats. 1986, Ch. 1512, Sec. 1.)
Section 53193.5.
53193.5. The local agency shall preserve and protect the security of the reimbursement agreement and the rights of the investor against all claims and demands of all persons. (Added by Stats. 1986, Ch. 1512, Sec. 1.)