What is an EIFD?

In 2014, the State introduced Senate Bill (SB) 628, leading to the transformation of existing Infrastructure Financing Districts into Enhanced Infrastructure Financing Districts (EIFDs). EIFDs, categorized as a type of Tax Increment Financing district, were established to assist cities and counties in financing economic development projects. Subsequent to the enactment of SB 628, various legislative measures were implemented to amend EIFD requirements. Assembly Bill 733 (2017) expanded the scope of EIFD funding to include climate change adaptation projects, addressing conditions affecting public health such as reduced air and water quality, elevated temperatures, etc., as well as extreme weather events like sea level rise, heat waves, and wildfires. Senate Bill 1145 (2018) extended EIFD funding capabilities to cover infrastructure maintenance costs. Furthermore, Assembly Bill 116 (2019) permitted EIFDs to issue bonds without a public vote, though now includes heightened public engagement requirements during the formation process.

For more information regarding EIFDs, you may wish to refer to this Resource Guide developed by The California Community Economic Development Association and review California Legislation regarding EIFDs: Senate Bill No. 628.

Show All Answers

1. What is an EIFD?
2. Will the Samoa Peninsula EIFD increase taxes?
3. What about sea level rise?
4. What type of infrastructure projects can the EIFD fund?
5. Is the EIFD conducting an Environmental Impact Report?
6. How long will the EIFD last?
7. What are the Boundaries of the Samoa Peninsula EIFD?
8. Can projects outside the EIFD boundaries be funded?
9. What is the Public Financing Authority?
10. What is the Infrastructure Financing Plan?
11. Why did the County decide to form an EIFD?
12. How were property owners engaged about the EIFD prior to creation?
13. How can I become involved or learn more about the EIFD?