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By Eric Heinz

San Juan Capistrano representative Assemblyman Bill Brough’s bill to amend the code relating to Community Facilities Districts—a controversial bond method of paying for public infrastructure and buildings—was referred to the Assembly Local Government Committee on Feb. 4.

Under the requirements of the bill, AB 1666, financial reports would have to include information regarding the original maximum bond amount, the amount collected annually, amount expensed annually, specific projects to be constructed and funded and the amount committed from the CFD. It would also require the specific date the CFD would be paid off, the date the tax would end and how excess funds would be disbursed once the CFD and tax have ended.

In June, the Grand Jury of Orange County published a report that demanded CUSD implement more oversight of their tax districts, have more transparency with how money from taxpayers is spent and set clear closeout dates for the duration of the CFDs.

The bill will have to pass the committee before moving to the Assembly floor. A hearing date has yet to be scheduled.

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