California Government Code

§ 62255

GOV § 62255 Effective Jan 1, 2019Div. 5 · Title 6

Statute 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.

Legislative history

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