SECTIONS 67690-67692 - California Statutes

GOVERNMENT CODE

SECTION 67690-67692

67690. In addition to any funds received from federal and state
agencies for the expenses of operating the Fort Ord Reuse Authority,
the board may receive contributions from agencies represented on the
board. Each agency represented by a board member shall contribute to
the authority, on or before August 1 of each fiscal year, the sum of
fourteen thousand dollars ($14,000) for each board member that the
agency appoints. Each public agency which is represented on the board
by an ex officio member shall contribute to the authority, on or
before August 1 of each fiscal year, the sum of seven thousand
dollars ($7,000). For purposes of this section, the term "public
agency" does not include any elected official of the federal or state
government.

67691. The board and the member agencies may provide by contract
for the transfer to the board or between member agencies of revenues
available from sales tax, property tax, or other sources in order to
help finance the cost of paying for services or capital facilities to
serve or enhance the development of Fort Ord. The contract or
contracts may provide for the transfer of funds to member agencies
with responsibility for providing services of facilities within the
area of Fort Ord for a specified number of years, and for the
repayment of those funds in later years with interest, or for
repayment in the form of an equity interest in property, sales, or
other tax revenues that may be payable as a result of development
occurring within the area of Fort Ord. Any such contract shall be
effective only upon approval by the board and the member agencies
involved.

67692. The board shall consider a program of local revenue sharing
among the member agencies to ensure an equitable apportionment of
revenues generated from the reuse of Fort Ord among those member
agencies responsible for the provision of services to Fort Ord and
member agencies that assist in the funding of services to Fort Ord.