§ 62573. — 62573. (Added by Stats. 2024, Ch. 767, Sec. 1.)

California § 62573.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Title 6.5.: TITLE 6.5. Regional Housing Finance Authorities
• Part 2.: PART 2. Authority Financing Activities
• Ch. 2.: CHAPTER 2. Revenue
• Art. 2.: ARTICLE 2. Commercial Linkage Fee

Text

(a)
Before adopting a resolution establishing or imposing a new commercial linkage fee or approving an increase in an existing commercial linkage fee pursuant to this article, the authority board shall hold a public hearing, at which oral or written presentations can be made, as part of a regularly scheduled meeting. The authority board shall publish a notice of the time and place of the meeting, including a general explanation of the matter to be considered in accordance with Section 6062a.
(b)
Any costs incurred by the authority board in conducting the hearing required pursuant to subdivision (a) may be recovered as part of the commercial linkage fee that is the subject of the hearing.

Legislative History

Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.