California Health and Safety Code

§ 34178

HSC § 34178 Effective Sep 22, 2015Div. 24 · Part 1.85 · Ch. 3

Statute text

(a)Commencing on the operative date of this part, agreements, contracts, or arrangements between the city or county, or city and county that created the redevelopment agency and the redevelopment agency are invalid and shall not be binding on the successor agency; provided, however, that a successor entity wishing to enter or reenter into agreements with the city, county, or city and county that formed the redevelopment agency that it is succeeding may do so subject to the restrictions identified in subdivision (c), and upon obtaining the approval of its oversight board.

(b)Notwithstanding subdivision (a), any of the following agreements are not invalid and may bind the successor agency:

(1)A duly authorized written agreement entered into at the time of issuance, but in no event later than December 31, 2010, of indebtedness obligations, and solely for the purpose of securing or repaying those indebtedness obligations.

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Legislative history

Amended by Stats. 2015, Ch. 325, Sec. 10. (SB 107) Effective September 22, 2015.