California § 62255. 62255. (Amended by Stats. 2018, Ch. 862, Sec. 6.)

California Statutes

§ 62255. — 62255. (Amended by Stats. 2018, Ch. 862, Sec. 6.)

California § 62255.

Code GOVGovernment Code - GOV

Div.5.

Title 6.DIVISION 5. Affordable Housing Authorities

This text of California § 62255. (62255. (Amended by Stats. 2018, Ch. 862, Sec. 6.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 62255. (2026).

Text

Commencing in the calendar year in which the authority has allocated a cumulative total of more than one million dollars ($1,000,000) in property tax increment revenues pursuant to subdivision (a) of Section 62253 or other revenues pursuant to subdivision (b) of Section 62253, including any proceeds of a debt issuance, and each year thereafter, the authority shall contract for an independent audit conducted in accordance with generally accepted governmental auditing standards.

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Commencing in the calendar year in which the authority has allocated a cumulative total of more than one million dollars ($1,000,000) in property tax increment revenues pursuant to subdivision (a) of Section 62253 or other revenues pursuant to subdivision (b) of Section 62253, including any proceeds of a debt issuance, and each year thereafter, the authority shall contract for an independent audit conducted in accordance with generally accepted governmental auditing standards.

Legislative History

Amended by Stats. 2018, Ch. 862, Sec. 6. (AB 2035) Effective January 1, 2019.

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California § 62255., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/62255..