Fort Ord Reuse Authority.

Existing law, the Fort Ord Reuse Authority Act, establishes the Fort Ord Reuse Authority to prepare, adopt, finance, and implement a plan for the use and development of the territory previously occupied by the Fort Ord military base in Monterey County. The act provides that the authority is governed by a board consisting of members from specified cities and authorizes the board to acquire and dispose of existing real property and facilities within the Fort Ord territory, to plan, finance, and construct new public capital facilities within that territory, to levy assessments, special taxes, or development fees, and to issue bonds.