California Statutes

§ 62577. — 62577. (Added by Stats. 2024, Ch. 767, Sec. 1.)

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
(a)Any person may request an audit in order to determine whether any fee or charge levied by the authority board exceeds the amount necessary to cover the reasonable cost of providing the housing necessitated by the commercial development project for which the commercial linkage fee is imposed, as determined in the regional nexus study pursuant to subdivision (b) of Section 62571, and the authority’s related administrative costs. If a person makes that request, the authority may retain an independent auditor to conduct an audit to determine whether the commercial linkage fee is reasonable, but is not required to conduct the audit if an audit has been performed for the same fee within the previous 12 months.
(b)If an audit pursuant to this section determines that the amount of any

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California § 62577. (62577. (Added by Stats. 2024, Ch. 767, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

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