California Health and Safety Code

§ 34170.5

HSC § 34170.5 Effective Jun 29, 2011Div. 24 · Part 1.85 · Ch. 1

Statute text

(a)The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.

(b)The county auditor-controller shall create within the county treasury a Redevelopment Property Tax Trust Fund for the property tax revenues related to each former redevelopment agency, for administration by the county auditor-controller.

Legislative history

Added by Stats. 2011, 1st Ex. Sess., Ch. 5, Sec. 7. (AB 26 1x) Effective June 29, 2011. Operative February 1, 2012.