California Health and Safety Code

§ 34191.4

HSC § 34191.4 Effective Sep 22, 2015Div. 24 · Part 1.85 · Ch. 9

Statute text

The following provisions shall apply to any successor agency that has been issued a finding of completion by the department:

(a)All real property and interests in real property identified in subparagraph (C) of paragraph (5) of subdivision (c) of Section 34179.5 shall be transferred to the Community Redevelopment Property Trust Fund of the successor agency upon approval by the Department of Finance of the long-range property management plan submitted by the successor agency pursuant to subdivision (b) of Section 34191.5 unless that property is subject to the requirements of any existing enforceable obligation.

(b)(1) Notwithstanding subdivision (d) of Section 34171, upon application by the successor agency and approval by the oversight board, loan agreements entered into between the redevelopment agency and the city, county, or city and county that created the redevelopment agency shall be deemed to be enforceable obligations provided that the oversight board makes a finding that the loan was for legitimate redevelopment purposes.

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Legislative history

Amended by Stats. 2015, Ch. 325, Sec. 21. (SB 107) Effective September 22, 2015.