Redevelopment

AB 1582 (Mullin)

Redevelopment: successor agencies: postcompliance provisions: loans.

2014

Description:

After the successor agency receives a finding of completion, upon application by the successor agency and approval by the oversight board, loan agreements entered into between the redevelopment agency and the city, county, or city and county that created the redevelopment agency are deemed to be enforceable obligations, provided that the oversight board makes a finding that the loan was for legitimate redevelopment purposes.

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