(a) This section applies only to the City and County of San Francisco, and to any waterfront district. (b) In addition to the findings and declarations in Section 53395, the Legislature further finds and declares that providing the ability to capture property tax increment revenues to finance needed public facilities in waterfront lands in San Francisco that are subject to the public trust to the public agencies with the responsibility to administer those areas will further the objectives of the public trust and enjoyment of those trust lands by the people of the state. (c) For purposes of this section, the following terms have the following meanings except as otherwise provided: (1) âAffected taxing entityâ means any governmental taxing agency, except San Francisco and its local educational agencies, that levied or had levied on its behalf a property tax on all or a portion of the land located in the proposed district in the fiscal year prior to the designation of the district, all or a portion of which the district proposes to collect in the future under its infrastructure financing plan, except as provided in subdivision (h). (2) âBase yearâ means the fiscal year in which the assessed value of taxable property in the district was last equalized prior to the effective date of the ordinance adopted to create the district, or a subsequent fiscal year specified in the infrastructure financing plan for the district. (3) âBoardâ means the Board of Supervisors of the City and County of San Francisco, which shall be the legislative body for any district formed under this section. (4) âDebtâ means loans, advances, or other forms of indebtedness and financial obligations, including, but not limited to, commercial paper, variable rate demand notes, all moneys payable in relation to the debt, and all debt service coverage requirements in any debt instrument, in addition to the obligations specified in the definition of âdebtâ in Section 53395.1. (5) âDistrictâ means any district created under this chapter, including any project area within a district. (6) âERAFâ means the Educational Revenue Augmentation Fund. (7) âERAF-secured debtâ means debt incurred to finance a Pier 70 district subject to a Pier 70 enhanced financing plan that is secured by and will be repaid from the ERAF share. (8) âERAF shareâ means the county ERAF portion of incremental tax revenue committed to a Pier 70 district under a Pier 70 enhanced financing plan. (9) âLocal educational agenciesâ means, collectively, the San Francisco Unified School District, the San Francisco Community College District, and the San Francisco County Office of Education. (10) âMirant siteâ means the San Francisco waterfront land owned by Mirant Corporation, on which it or its affiliate formerly operated a coal gasification powerplant. (11) âPier 70 districtâ means a waterfront district that includes 65 acres of waterfront land in the area near Pier 70. (12) âPier 70 enhanced financing planâ means an infrastructure district financing plan for a Pier 70 district that contains a provision authorized under subparagraph (D) of paragraph (3) of subdivision (g). (13) âPortâ means the Port of San Francisco. (14) âProject areaâ means a defined area designated for development within a waterfront district formed under this chapter in accordance with subdivision (g). (15) âPublic facilitiesâ means facilities and, where the context requires, related services, authorized to be financed in whole or in part by a district formed under this chapter in accordance with subdivision (g). Public facilities may be publicly owned or privately owned utility infrastructure if they are available to or serve the general public. âPublic facilitiesâ includes any capital facility fees used to pay for public facilities. (16) âSan Franciscoâ means the City and County of San Francisco. For purposes of applying this chapter, San Francisco is a city. (17
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