If any property acquired in whole or in part from the redevelopment revolving fund is to be sold or leased by the agency, the sale or lease shall be first approved by the legislative body by resolution adopted after public hearing. Notice of the time and place of the hearing shall be published once in the official newspaper of the community at least one week prior to the hearing. The resolution shall be adopted by a majority vote unless the legislative body has provided by ordinance for a two-thirds vote for such purpose.
Cal. Health & Safety Code § 33434
Property Disposition, Rehabilitation and Development
Known as the Community Redevelopment Law
The act spans §§ 33000–33855 (601 sections).
Applied in 1 court decision — leading case 14 Cal. App. 4th 1047 - Long Beach Community Redevelopmen Agency v. Morgan (1993)
Most recently applied in 14 Cal. App. 4th 1047 - Long Beach Community Redevelopmen Agency v. Morgan (March 1993)
Added by Stats. 1963, Ch. 1812.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.