California Health and Safety Code

§ 33685

HSC § 33685 Effective Sep 30, 2008Div. 24 · Part 1 · Ch. 6 · Art. 7

Statute text

(a)(1) For the 2008–09 fiscal year a redevelopment agency shall remit, as determined by the Director of Finance, prior to May 10, an amount equal to the amount determined for that agency pursuant to subparagraph (K) of paragraph (2) to the county auditor for deposit in the county Educational Revenue Augmentation Fund, created pursuant to Article 3 (commencing with Section 97) of Chapter 6 of Part 0.5 of Division 1 of the Revenue and Taxation Code. Notwithstanding any other provision of law, in the 2008–09 fiscal year, no funds deposited in the county Educational Revenue Augmentation Fund pursuant to this section shall be distributed to a community college district.

(2)On or before November 15, 2008, the Director of Finance shall do all of the following:

(A)(i) Determine the value of five percent of the statewide total property tax revenue apportioned to agencies pursuant to Section 33670.

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Legislative history

Added by Stats. 2008, Ch. 751, Sec. 53. Effective September 30, 2008.