California Health and Safety Code

§ 34180

HSC § 34180 Effective Sep 22, 2015Div. 24 · Part 1.85 · Ch. 4

Statute text

All of the following successor agency actions shall first be approved by the oversight board:

(a)The establishment of new repayment terms for outstanding loans where the terms have not been specified prior to the date of this part. An oversight board shall not have the authority to reestablish loan agreements between the successor agency and the city, county, or city and county that formed the redevelopment agency except as provided in Chapter 9 (commencing with Section 34191.1).

(b)The issuance of bonds or other indebtedness or the pledge or agreement for the pledge of property tax revenues (formerly tax increment prior to the effective date of this part) pursuant to subdivision (a) of Section 34177.5.

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Legislative history

Amended by Stats. 2015, Ch. 325, Sec. 14. (SB 107) Effective September 22, 2015.