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CA AB1555

Bill

Official Source

Status

Introduced

1/26/2012

Primary Sponsor

Chris Norby

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Prohibits oversight boards from requiring successor agencies to forgive, in whole or in part, loans, advances, or indebtedness owed by private entities to dissolved redevelopment agencies
  • Authorizes oversight boards to set aside any agreements relating to forgiveness of indebtedness, loans, or advances owed by private entities to dissolved redevelopment agencies dating back to January 1, 2011
  • Applies to successor agencies created following the dissolution of redevelopment agencies as of February 1, 2012
  • Requires majority vote; contains no appropriation or state-mandated local program impacts

Legislative Description

Redevelopment: debt forgiveness agreements.

Last Action

Ordered to inactive file at the request of Assembly Member Norby.

5/21/2012

Committee Referrals

Local Government4/25/2012
Housing and Community Development2/9/2012

Full Bill Text

No bill text available