An agency may, within the survey area or for purposes of redevelopment, sell, lease, for a period not to exceed 99 years, exchange, subdivide, transfer, assign, pledge, encumber by mortgage, deed of trust, or otherwise, or otherwise dispose of any real or personal property or any interest in property.
Cal. Health & Safety Code § 33430
Property Disposition, Rehabilitation and Development
Known as the Community Redevelopment Law
The act spans §§ 33000 to 33855 (601 sections).
Amended by Stats. 2002, Ch. 664, Sec. 143
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.