AB 471 — Local government: redevelopment: successor agencies to redevelopment agencies.

Summary

(1) Existing law authorizes the creation of infrastructure financing districts, as defined, for the sole purpose of financing public facilities, subject to adoption of a resolution by the legislative body and affected taxing entities proposed to be subject to the division of taxes and voter approval requirements. Existing law prohibits an infrastructure financing district from including any portion of a redevelopment project area. This bill would delete that prohibition and would authorize a district to finance a project or portion of a project that is located in, or overlaps with, a redevelopment project area or former redevelopment project area, as specified. (2) Existing law requires a successor agency to submit a Recognized Obligation Payment Schedule to the Department of Finance, and requires the successor agency to make payments pursuant to that schedule. This bill would authorize the successor agency to schedule Recognized Obligation Payment Schedule payments beyond the existing Recognized Obligation Payment Schedule cycle upon a showing that a lender requires cash on hand beyond the Recognized Obligation Payment Schedule cycle, or when a payment is shown to be due during the Recognized Obligation Payment Schedule period. The bill would authorize the successor agency to utilize reasonable estimates and projections to support payment amounts where a payment is shown to be due during the Recognized Obligation Payment Schedule period but an invoice or other billing document has not been received, if the successor agency submits appropriate supporting documentation for the basis of the estimate or projection to the department and the auditor-controller. The bill would provide that a Recognized Obligation Payment Schedule may also include appropriation of moneys from bonds subject to passage during the Recognized Obligation Payment Schedule cycle when an enforceable obligation requires the agency to issue the bonds and use the proceeds to pay for project expenditures. (3) Existing law requires the county auditor-controller to determine the amount of property taxes that would have been allocated to each redevelopment agency if it had not been dissolved and to deposit this amount in a Redevelopment Property Tax Trust Fund in the county. Existing law requires the conducting of a due diligence review to determine the unobligated balances available for transfer to affected taxing entities. Existing law requires the county auditor-controller for each fiscal year to allocate moneys in the Redevelopment Property Tax Trust Fund for passthrough payment obligations, enforceable obligations of the dissolved redevelopment agency, and administrative costs, as specified. Any remaining moneys in the Redevelopment Property Tax Trust Fund are required to be distributed as local property tax revenues to local agencies and school entities, as specified. This bill would require that, under specified conditions, on July 1, 2014, and twice yearly thereafter until July 1, 2018, funds be allocated to cover the housing entity administrative cost allowance of a local housing authority that has assumed the housing duties of the former redevelopment agency, as specified, before remaining moneys are distributed to local agencies and school entities. The bill would define "housing entity administrative cost allowance" for these purposes. This bill would also exclude from the calculation of the amount distributed to taxing entities during the 2012–13 base year the amounts distributed to taxing entities pursuant to the due diligence review process. By imposing additional duties upon local public officials, the bill would create a state-mandated local program. (4) Existing law requires a successor agency to prepare a long-range property management plan that addresses the disposition and use of the real properties of a former redevelopment agency and requires a transfer of the property to the city, county, or city and county if the plan directs the use or liquidation of the property for a project identified in an approved redevelopment plan, as specified. This bill would specify that the term "identified in an approved redevelopment plan" includes properties listed in a community plan or a 5-year implementation plan. (5) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (6) This bill would declare that it is to take effect immediately as an urgency statute.

Bill Text

• Chaptered 02/18/14 - Chaptered Current pdf February 18, 2014
• Enrolled 02/12/14 - Enrolled pdf February 12, 2014
• Amended 01/29/14 - Amended Senate pdf January 29, 2014
• Amended 01/17/14 - Amended Senate pdf January 17, 2014
• Amended 01/06/14 - Amended Senate pdf January 06, 2014
• Introduced 02/19/13 - Introduced pdf February 19, 2013
• AB471 View text html

Action History

1. February 18, 2014

   Chaptered by Secretary of State - Chapter 1, Statutes of 2014.

2. February 18, 2014

   Approved by the Governor.

3. February 18, 2014

   Enrolled and presented to the Governor at 2:30 p.m.

4. February 10, 2014

   Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 3798.).

5. February 06, 2014

   In Assembly. Concurrence in Senate amendments pending. May be considered on or after February 8 pursuant to Assembly Rule 77.

6. February 06, 2014

   Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 2721.).

7. January 30, 2014

   Read second time. Ordered to third reading.

8. January 29, 2014

   Read third time and amended. Ordered to second reading.

9. January 27, 2014

   Read second time. Ordered to third reading.

10. January 23, 2014

    From committee: Do pass. (Ayes 6. Noes 0.) (January 23).

11. January 21, 2014

    In committee: Placed on APPR. suspense file.

12. January 17, 2014

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.

13. January 15, 2014

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (January 15). Re-referred to Com. on APPR.

14. January 09, 2014

    Re-referred to Com. on GOV. & F.

15. January 08, 2014

    Re-referred to Com. on RLS.

16. January 08, 2014

    Withdrawn from committee.

17. January 06, 2014

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HEALTH.

18. June 27, 2013

    In committee: Set, first hearing. Hearing canceled at the request of author.

19. May 23, 2013

    Referred to Com. on HEALTH.

20. May 09, 2013

    In Senate. Read first time. To Com. on RLS. for assignment.

21. May 09, 2013

    Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1342.)

22. May 06, 2013

    Read second time. Ordered to consent calendar.

23. May 02, 2013

    From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 1).

24. April 17, 2013

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 19. Noes 0.) (April 16). Re-referred to Com. on APPR.

25. March 14, 2013

    Referred to Com. on HEALTH.

26. February 20, 2013

    From printer. May be heard in committee March 22.

27. February 19, 2013

    Read first time. To print.

Sponsors

• Atkins · Primary
• Mitchell · Cosponsor
• Dickinson · Cosponsor
• Perea · Cosponsor
• Ting · Cosponsor
• Torres · Cosponsor
• Wolk · Cosponsor

Votes

Subjects