Statute · California Health and Safety Code
Cal. Health & Safety Code § 34170.5 — Effective Date, Creation of Funds, and Definition of Terms
Cal. Health & Safety Code § 34170.5
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2011-06-29
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.
Citator
Cal. Health & Safety Code § 34170.5 — Effective Date, Creation of Funds, and Definition of Terms is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.
(b) The county auditor-controller shall create within the county treasury a Redevelopment Property Tax Trust Fund for the property tax revenues related to each former redevelopment agency, for administration by the county auditor-controller.