AB 1555

  • California Assembly Bill
  • 2011-2012 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Redevelopment: debt forgiveness agreements.

Abstract

Existing law dissolved redevelopment agencies and community development agencies, as of February 1, 2012, and provides for the designation of successor agencies, as defined. Existing law imposes various requirements on successor agencies and subjects successor agency actions to the review of oversight boards. Existing law requires each oversight board to direct the successor agency to, among other things, cease performance in connection with and terminate all existing agreements that do not qualify as enforceable obligations, as defined. This bill would, in directing the successor agency to take a specified action, prohibit the oversight board from requiring the successor agency to take any action that results in the forgiveness, wholly or partially, of a loan, advance, or indebtedness that is owed by a private entity to the dissolved redevelopment agency. The bill would authorize the oversight board, consistent with a specified provision of law, to set aside any agreements relating to the forgiveness of indebtedness, loans, or advances owed by a private entity to the dissolved redevelopment agency dating back to January 1, 2011.

Bill Sponsors (1)

Votes


Actions


May 21, 2012

Assembly

Ordered to inactive file at the request of Assembly Member Norby.

May 14, 2012

Assembly

Read second time. Ordered to third reading.

May 10, 2012

Assembly

From committee: Do pass. (Ayes 8. Noes 0.) (May 9).

May 02, 2012

Assembly

Re-referred to Com. on L. GOV.

  • Referral-Committee
Com. on L. GOV.

May 01, 2012

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.

Apr 25, 2012

Assembly

From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 4. Noes 2.) (April 25). Re-referred to Com. on L. GOV.

  • Referral-Committee
  • Committee-Passage
  • Committee-Passage-Favorable
Com. on L. GOV.

Mar 07, 2012

Assembly

Re-referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Mar 06, 2012

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

Feb 09, 2012

Assembly

Referred to Coms. on H. & C.D. and L. GOV.

  • Referral-Committee
Coms. on H. & C.D. and L. GOV.

Jan 27, 2012

Assembly

From printer. May be heard in committee February 26.

Jan 26, 2012

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB1555 HTML
01/26/12 - Introduced PDF
03/06/12 - Amended Assembly PDF
05/01/12 - Amended Assembly PDF

Related Documents

Document Format
No related documents.

Sources

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