California Health and Safety Code

§ 34191.6

HSC § 34191.6 Effective Sep 22, 2015Div. 24 · Part 1.85 · Ch. 9

Statute text

(a)Beginning January 1, 2016, successor agencies may submit a Last and Final Recognized Obligation Payment Schedule for approval by the oversight board and the department if all of the following conditions are met:

(1)The remaining debt of a successor agency is limited to administrative costs and payments pursuant to enforceable obligations with defined payment schedules including, but not limited to, debt service, loan agreements, and contracts.

(2)All remaining obligations have been previously listed on a Recognized Obligation Payment Schedule and approved for payment by the department pursuant to subdivision (m) or (o) of Section 34177.

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Legislative history

Added by Stats. 2015, Ch. 325, Sec. 23. (SB 107) Effective September 22, 2015.