Luis Alejo
- Democratic
Author
The Community Redevelopment Law authorizes the establishment of redevelopment agencies in communities to address the effects of blight, as defined, by means of redevelopment projects financed by the issuance of bonds serviced by tax increment revenues derived from the project area. 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 agencies and to fulfill the enforceable obligations of those agencies. Existing law also provides for various economic development programs that foster community sustainability and community and economic development initiatives throughout the state. Existing law authorizes certain local agencies to form a community revitalization and investment authority (authority) within a community revitalization and investment area, as defined, to carry out provisions of the Community Redevelopment Law in that area for purposes related to, among other things, infrastructure, affordable housing, and economic revitalization. Existing law requires not less than 80% of the land calculated by census tracts or census block groups, as defined by the United States Census Bureau, within the area to be characterized by several conditions, including a condition that the land has an annual median household income of less than 80% of the statewide annual median income. This bill would authorize the calculation to be made with a combination of census tracts and census block groups. The bill would also revise the conditions to require, among other things, an annual median household income that is less than 80% of the statewide, countywide, or citywide annual median household income. The bill would also authorize an authority to carry out a community revitalization plan if the census tract or census block groups within the community revitalization and investment area are within a disadvantage community, as prescribed. Existing law authorizes certain entities that receive ad valorem property taxes to adopt a resolution in a specified manner to allocate their share of tax increment funds within the area covered by a community revitalization plan to the authority. Existing law authorizes an authority to borrow money, receive grants, or accept financial or other assistance or investment from the state or any other public agency for any project within its area of operation. This bill would authorize an authority to also receive funds allocated to it pursuant to a resolution adopted by a city, county, or special district to transfer these funds from certain tax and assessment revenues, subject to specified requirements as to the use of those funds.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 524, Statutes of 2016.
Enrolled and presented to the Governor at 4 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 55. Noes 22. Page 6045.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 18 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 10. Page 4986.).
Read second time and amended. Ordered to third reading.
From committee: Amend, and do pass as amended. (Ayes 9. Noes 2.) (June 28).
From committee: Do pass and re-refer to Com. on T. & H. (Ayes 5. Noes 2.) (June 15). 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 51. Noes 29. Page 5010.)
Read third time and amended. Ordered to third reading. (Page 4779.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 2.) (May 4).
From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 5. Noes 2.) (April 27). Re-referred to Com. on L. GOV.
Assembly Rule 56 suspended. (Page 4448.)
(pending re-refer to Com. on L. GOV.)
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
Referred to Coms. on H. & C.D. and L. GOV.
Read first time.
From printer. May be heard in committee March 22.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2492 | HTML |
| 02/19/16 - Introduced | |
| 04/14/16 - Amended Assembly | |
| 05/12/16 - Amended Assembly | |
| 06/30/16 - Amended Senate | |
| 08/23/16 - Enrolled | |
| 09/23/16 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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