AB 2492 — Community revitalization.

Summary

The Community Redevelopment Law authorizes the establishment of redevelopment agencies in communities to address the effects of blight, as defined, by means of redevelopment projects financed by the issuance of bonds serviced by tax increment revenues derived from the project area. Existing law dissolved redevelopment agencies and community development agencies, as of February 1, 2012, and provides for the designation of successor agencies to wind down the affairs of the dissolved agencies and to fulfill the enforceable obligations of those agencies. Existing law also provides for various economic development programs that foster community sustainability and community and economic development initiatives throughout the state. Existing law authorizes certain local agencies to form a community revitalization and investment authority (authority) within a community revitalization and investment area, as defined, to carry out provisions of the Community Redevelopment Law in that area for purposes related to, among other things, infrastructure, affordable housing, and economic revitalization. Existing law requires not less than 80% of the land calculated by census tracts or census block groups, as defined by the United States Census Bureau, within the area to be characterized by several conditions, including a condition that the land has an annual median household income of less than 80% of the statewide annual median income. This bill would authorize the calculation to be made with a combination of census tracts and census block groups. The bill would also revise the conditions to require, among other things, an annual median household income that is less than 80% of the statewide, countywide, or citywide annual median household income. The bill would also authorize an authority to carry out a community revitalization plan if the census tract or census block groups within the community revitalization and investment area are within a disadvantage community, as prescribed. Existing law authorizes certain entities that receive ad valorem property taxes to adopt a resolution in a specified manner to allocate their share of tax increment funds within the area covered by a community revitalization plan to the authority. Existing law authorizes an authority to borrow money, receive grants, or accept financial or other assistance or investment from the state or any other public agency for any project within its area of operation. This bill would authorize an authority to also receive funds allocated to it pursuant to a resolution adopted by a city, county, or special district to transfer these funds from certain tax and assessment revenues, subject to specified requirements as to the use of those funds.

Bill Text

• Chaptered 09/23/16 - Chaptered Current pdf September 23, 2016
• Enrolled 08/23/16 - Enrolled pdf August 23, 2016
• Amended 06/30/16 - Amended Senate pdf June 30, 2016
• Amended 05/12/16 - Amended Assembly pdf May 12, 2016
• Amended 04/14/16 - Amended Assembly pdf April 14, 2016
• Introduced 02/19/16 - Introduced pdf February 19, 2016
• AB2492 View text html

Action History

1. September 23, 2016

   Chaptered by Secretary of State - Chapter 524, Statutes of 2016.

2. September 23, 2016

   Approved by the Governor.

3. August 29, 2016

   Enrolled and presented to the Governor at 4 p.m.

4. August 22, 2016

   Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 55. Noes 22. Page 6045.).

5. August 16, 2016

   In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 18 pursuant to Assembly Rule 77.

6. August 15, 2016

   Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 10. Page 4986.).

7. June 30, 2016

   Read second time and amended. Ordered to third reading.

8. June 29, 2016

   From committee: Amend, and do pass as amended. (Ayes 9. Noes 2.) (June 28).

9. June 15, 2016

   From committee: Do pass and re-refer to Com. on T. & H. (Ayes 5. Noes 2.) (June 15). Re-referred to Com. on T. & H.

10. June 09, 2016

    Referred to Coms. on GOV. & F. and T. & H.

11. June 01, 2016

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

12. May 31, 2016

    Read third time. Passed. Ordered to the Senate. (Ayes 51. Noes 29. Page 5010.)

13. May 12, 2016

    Read third time and amended. Ordered to third reading. (Page 4779.)

14. May 09, 2016

    Read second time. Ordered to third reading.

15. May 05, 2016

    From committee: Do pass. (Ayes 6. Noes 2.) (May 4).

16. April 27, 2016

    From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 5. Noes 2.) (April 27). Re-referred to Com. on L. GOV.

17. April 21, 2016

    (pending re-refer to Com. on L. GOV.)

18. April 21, 2016

    Assembly Rule 56 suspended. (Page 4448.)

19. April 18, 2016

    Re-referred to Com. on H. & C.D.

20. April 14, 2016

    From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

21. March 08, 2016

    Referred to Coms. on H. & C.D. and L. GOV.

22. February 22, 2016

    Read first time.

23. February 21, 2016

    From printer. May be heard in committee March 22.

24. February 19, 2016

    Introduced. To print.

Sponsors

• Alejo · Primary
• Robert Garcia · Cosponsor

Votes

Subjects