The agency may in any year during which it owns property in a redevelopment project that is tax exempt pay directly to any city, county, city and county, district, including, but not limited to, a school district, or other public corporation for whose benefit a tax would have been levied upon the property had it not been exempt, an amount of money in lieu of taxes that may not exceed the amount of money the public entity would have received if the property had not been tax exempt.
Cal. Health & Safety Code § 33401
Property Management
Known as the Community Redevelopment Law
The act spans §§ 33000–33855 (601 sections).
Applied in 4 court decisions — leading case Christensen
Most recently applied in 201 Cal. App. 4th 1 - City of Scotts Valley v. County of Santa Cruz (October 2011)
Amended by Stats. 1993, Ch. 942, Sec. 23
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.