California Government Code

§ 62252

GOV § 62252 Effective Jan 1, 2019Div. 5 · Title 6

Statute text

(a)An authority created pursuant to this division shall, by resolution, create a Low and Moderate Income Housing Fund and adopt an affordable housing investment plan that may include either or both of the following:

(1)A provision for the receipt of property tax increment generated within the area.

(2)A provision for the receipt of any tax revenues allocated to the authority pursuant to subdivision (b) of Section 62253.

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Legislative history

Amended by Stats. 2018, Ch. 862, Sec. 3. (AB 2035) Effective January 1, 2019.