California Government Code

§ 8194

GOV § 8194 Effective Jan 1, 2003Div. 1 · Title 2 · Ch. 2.8 · Art. 3

Statute text

The authority shall establish the following time limits for that portion of the project area described in paragraph (2) of subdivision (a) of Section 8180 (the R Street Area):

(a)A time limit on establishing or incurring loans, advances, and indebtedness to be paid for with proceeds of property taxes received pursuant to Section 8183, which limit may not exceed December 31, 2022. However, this limit may be extended by the authority for 10 additional years if the authority finds, based upon substantial evidence, both of the following:

(1)Significant blight remains within the R Street Area.

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Legislative history

Added by Stats. 2002, Ch. 468, Sec. 8. Effective January 1, 2003.