California Health and Safety Code

§ 33691.5

HSC § 33691.5 Effective Oct 19, 2010Div. 24 · Part 1 · Ch. 6 · Art. 7

Statute text

(a)A redevelopment agency that fails to allocate to the county auditor either or both of the full remittances required pursuant to subdivision (a) of Section 33690 or subdivision (a) of Section 33690.5, respectively, or that fails to arrange for full payment of either or both of those remittances pursuant to subdivision (c) of Section 33688, subdivision (d) of Section 33691, or Section 33692, shall be exempt from the prohibitions set forth in subdivision (e) of Section 33691 and the requirement set forth in paragraph (4) of subdivision (k) of Section 33334.2, if the county auditor certifies to the Department of Finance that all of the following conditions have been met:

(1)The agency adopted the resolution described in paragraph (1) or paragraph (2) of subdivision (c) of Section 33691, and failed to make the full remittance by May 10, 2010, or May 10, 2011, as applicable, pursuant to Section 33692.

(2)The county reduced the tax increment revenue payable to the agency by at least 20 percent in the 2009–10 fiscal year.

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Legislative history

Added by Stats. 2010, Ch. 722, Sec. 8. (SB 863) Effective October 19, 2010.