Darrell Steinberg
- Democratic
Author
Existing law suspends various activities of redevelopment agencies and prohibits the agencies from incurring indebtedness for a specified period. Existing law also dissolves redevelopment agencies and community development agencies, as of October 1, 2011, and designates successor agencies, as defined. Existing law requires successor agencies to wind down the affairs of the dissolved redevelopment agencies and to, among other things, repay enforceable obligations, as defined, and to remit unencumbered balances of redevelopment agency funds, including housing funds, to the county auditor-controller for distribution to taxing entities. Existing law authorizes the city, county, or city and county that authorized the creation of a redevelopment agency to retain the housing assets, functions, and powers previously performed by the redevelopment agency, excluding amounts on deposit in the Low and Moderate Income Housing Fund. This bill would revise the definition of the term "enforceable obligation" and modify provisions relating to the transfer of housing funds and responsibilities associated with dissolved redevelopment agencies. The bill would provide that any amounts on deposit in the Low and Moderate Income Housing Fund of a dissolved redevelopment agency be transferred to specified entities. The bill would make conforming changes. Existing law provides that upon a specified date, agreements, contracts, or arrangements between the city or county, or city and county that created the redevelopment agency and the redevelopment agency are invalid. Notwithstanding this provision, an agreement that provided loans or other startup funds for the agency that was entered into within 2 years of the formation of the agency is valid and binds the successor agency. The bill would expand this exception to include an agreement involving a loan specific to a project area and other specified obligations.
Referred to Coms. on H. & C.D. and L. GOV.
In Assembly. Read first time. Held at Desk.
Amended pursuant to Joint Rule 23.5. (Page 2745.)
Read third time. Urgency clause refused adoption. (Ayes 24. Noes 1. Page 2745.)
Amendments by Senator Huff tabled on motion of Senator Corbett. (Ayes 24. Noes 12. Page 2743.)
Read third time.
Read third time. Passed. (Ayes 34. Noes 1. Page 2745.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Set for hearing January 19.
From committee: Do pass. (Ayes 8. Noes 0. Page 2686.) (January 19).
Placed on APPR. suspense file.
Set for hearing January 17.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0. Page 2641.) (January 10).
Read second time and amended. Re-referred to Com. on APPR.
Set for hearing January 10.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB654 | HTML |
| 02/18/11 - Introduced | |
| 01/04/12 - Amended Senate | |
| 01/11/12 - Amended Senate | |
| 01/31/12 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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