California Statutes
§ 34170.5. — 34170.5. (Added by Stats. 2011, 1st Ex. Sess., Ch. 5, Sec. 7.)
California·Code HSC Health and Safety Code - HSC·Div. 24. DIVISION 24. COMMUNITY DEVELOPMENT AND HOUSING·Part 1.85. PART 1.85. DISSOLUTION OF REDEVELOPMENT AGENCIES AND DESIGNATION OF SUCCESSOR AGENCIES·Ch. 1. CHAPTER 1. Effective Date, Creation of Funds, and Definition of Terms
(a)The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.
(b)The county auditor-controller shall create within the county treasury a Redevelopment Property Tax Trust Fund for the property tax revenues related to each former
redevelopment agency, for administration by the county auditor-controller.
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California § 34170.5. (34170.5. (Added by Stats. 2011, 1st Ex. Sess., Ch. 5, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, 1st Ex. Sess., Ch. 5, Sec. 7. (AB 26 1x) Effective June 29, 2011. Operative February 1, 2012.