If the redevelopment agency has, prior to merger of redevelopment project areas pursuant to Section 33480, incurred any indebtedness on account of a constituent project area so merged, taxes attributable to that area which are allocated to the agency pursuant to Section 33670 shall be first used to comply with the terms of any bond resolution or other agreement pledging such taxes from the constituent project area.
Cal. Health & Safety Code § 33481
Merger of Redevelopment Project Areas in the Cities of Chula Vista, San Jose, and Santa Fe Springs
Known as the Community Redevelopment Law
The act spans §§ 33000–33855 (601 sections).
Added by Stats. 1979, Ch. 243.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.