Richard Bloom
- Democratic
Author
Existing law dissolved redevelopment agencies and community development agencies, as of February 1, 2012, and provides for the designation of successor agencies to wind down the affairs of the dissolved redevelopment agencies and to, among other things, make payments due for enforceable obligations and to perform obligations required pursuant to any enforceable obligation. Existing law provides for the transfer of housing assets and functions previously performed by the dissolved redevelopment agency to one of several specified public entities. Existing law authorizes the successor housing entity to designate the use of, and commit, proceeds from indebtedness that was issued for affordable housing purposes prior to January 1, 2011, and was backed by the Low and Moderate Income Housing Fund. This bill would instead authorize a successor housing entity to designate the use of, and commit, proceeds from indebtedness that was issued for affordable housing purposes prior to June 28, 2011, and would require the proceeds from bonds issued between January 1, 2011, and June 28, 2011, be used for projects meeting certain criteria established in this bill for projects, to be funded by successor agencies generally, from proceeds of bonds issued during the same period. Existing law authorizes the Department of Finance to issue a finding of completion to a successor agency that completes a due diligence review and meets other requirements. Upon receiving a finding of completion, a successor agency is authorized to expend excess bond proceeds derived from bonds issued on or before December 31, 2010, in a manner consistent with the original bond covenants. The bill would expand this authorization to include the expenditure of excess bond proceeds derived from bonds issued on or before June 28, 2011, and would require proceeds derived from bonds issued between January 1, 2011, and June 28, 2011, to be used by successor agencies only for projects meeting certain criteria. This bill would incorporate additional changes to Section 34191.4 of the Health and Safety Code proposed by AB 1582 and SB 1129 that would become operative only if this bill and either AB 1582 or SB 1129 are enacted and this bill is enacted last.
Vetoed by Governor.
Enrolled and presented to the Governor at 4 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 52. Noes 23. Page 6680.).
Read third time. Passed. Ordered to the Assembly. (Ayes 21. Noes 8. Page 4931.).
Assembly Rule 77 suspended. (Page 6667.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77.
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 5. Noes 1.) (August 14).
In committee: Placed on APPR. suspense file.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (June 25).
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 9. Noes 1.) (June 17). Re-referred to Com. on GOV. & F.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on T. & H.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 1. Page 5193.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 16. Noes 0.) (May 23).
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 30). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 8. Noes 0.) (April 23). Re-referred to Com. on H. & C.D.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
Referred to Coms. on L. GOV. and H. & C.D.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
Read first time.
From printer. May be heard in committee March 25.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2493 | HTML |
| 02/21/14 - Introduced | |
| 03/28/14 - Amended Assembly | |
| 04/10/14 - Amended Assembly | |
| 06/10/14 - Amended Senate | |
| 07/01/14 - Amended Senate | |
| 08/18/14 - Amended Senate | |
| 08/22/14 - Amended Senate | |
| 09/04/14 - Enrolled |
| Document | Format |
|---|---|
| No related documents. |
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