In any redevelopment plan or in the proceedings for the advance of moneys, or making of loans, or the incurring of any indebtedness (whether funded, refunded, assumed, or otherwise) by the redevelopment agency to finance or refinance, in whole or in part, the redevelopment project, the portion of taxes mentioned in subdivision (b) of Section 33670 may be irrevocably pledged for the payment of the principal of and interest on such loans, advances, or indebtedness.
Cal. Health & Safety Code § 33671
Taxation
Known as the Community Redevelopment Law
The act spans §§ 33000 to 33855 (601 sections).
Applied in 1 court decision — leading case 18 Cal. App. 4th 1008 - County of Santa Clara v. Redevelopment Agency of the City of San Jose (1993)
Most recently applied in 18 Cal. App. 4th 1008 - County of Santa Clara v. Redevelopment Agency of the City of San Jose (September 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.