Governor Newsom Signs Law Extending Financing to Accelerate Metro K Line Expansion to West Hollywood
Bill Expected to Aid in Funding and Construction of Metro Projects
The City of West Hollywood has commended California Governor Gavin Newsom for signing Assembly Bill 761, which extends the life of Enhanced Infrastructure Financing Districts (EIFDs) from 45 to 75 years. The bill, authored by Assemblymember Laura Friedman (D-44), aims to align financing terms with federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loans, a key funding source for local infrastructure projects, including the Metro K Line Northern Extension.