DIVISION 24. COMMUNITY DEVELOPMENT AND HOUSING 33000-37964›PART 1.85. DISSOLUTION OF REDEVELOPMENT AGENCIES AND DESIGNATION OF SUCCESSOR AGENCIES 34170-34191.6›CHAPTER 1. Effective Date, Creation of Funds, and Definition of Terms 34170-34171
§ 34170.5
California Health and Safety Code · 2018-11 edition · updated 2026-10-04 · California
(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.
(Added by Stats. 2011, 1st Ex. Sess., Ch. 5, Sec. 7. (AB 26 1x) Effective June 29, 2011. Operative February 1, 2012.)
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