BlackletterCalifornia law

PART 2. Financing Activities of the Los Angeles County Affordable Housing Solutions Agency [64800. - 64832.]

Part 2 added by Stats. 2022, Ch. 661, Sec. 1.

§§ 64800–64832 · 20 sections

  1. CHAPTER 1. General Provisions § 64800 · 1 section
    • § 64800 (a) The agency, either directly or through qualified voter initiative, may raise and allocate new revenue through all of the following funding mechanisms: (1)…
  2. CHAPTER 2. Revenue §§ 64810–64826 · 15 sections
    1. ARTICLE 1. Special Taxes §§ 64810–64814 · 6 sections
      • § 64810 (a) Subject to Section 4 of Article XIIIA of the California Constitution and subject to approval by the board before the agency takes action to approve the…
      • § 64811 (a) (1) Subject to Section 4 of Article XIIIA of the California Constitution and subject to approval by the board before the agency takes action to approve the…
      • § 64811.5 The special taxes authorized in this article may also be imposed by qualified voter initiative.
      • § 64812 Taxes levied pursuant to Section 64811 shall be collected in the following manner: (a) The county tax collector shall be responsible for collecting the tax…
      • § 64813 Subject to Section 4 of Article XIIIA of the California Constitution, either the designated elections official or the board may act by resolution or by…
      • § 64814 All special taxes levied pursuant to this article shall be administered in the following manner: (a) Taxes collected shall be deposited in a separate fund,…
    2. ARTICLE 2. Bonds §§ 64820–64826 · 9 sections
      • § 64820 The board may, by majority vote, initiate proceedings to issue bonds pursuant to this chapter by adopting a resolution or ordinance stating its intent to issue…
      • § 64821 (a) The agency, with approval of two-thirds of the voters, may levy ad valorem property taxes to secure debt pursuant to paragraph (2) of subdivision (b) of…
      • § 64822 (a) (1) For purposes of this section, “agency revenues” includes, without limitation, revenues generated by any special tax, fee, or charge imposed by the…
      • § 64822.5 The agency may issue mortgage revenue bonds pursuant to Part 5 (commencing with Section 52000) of Division 31 of the Health and Safety Code, and other…
      • § 64822.7 The agency may issue private activity bonds pursuant to the Tax Reform Act of 1986 (Public Law 99-514) and Sections 1112 and 1401 of the American Recovery and…
      • § 64823 (a) The agency or any person executing the bonds issued pursuant to this title shall not be personally liable on the bonds by reason of their issuance. (b) The…
      • § 64824 (a) Every two years after the issuance of bonds pursuant to this section, the agency shall contract for an independent financial and performance audit. The…
      • § 64825 Bonds issued pursuant to this article are fully negotiable.
      • § 64826 Any action to determine the validity of any tax, fee, or other charge provided for in, or the validity of bonds issued pursuant to, this title, or any of the…
  3. CHAPTER 3. Expenditures §§ 64830–64832 · 4 sections
    • § 64830 (a) (1) Revenue generated pursuant to this part shall be used for the construction of new affordable housing, affordable housing preservation, tenant…
    • § 64830.5 (a) (1) In this subdivision, “eligible jurisdictions” shall mean the following jurisdictions: (A) The councils of governments in Los Angeles County, excluding…
    • § 64831 The board shall monitor expenditures in coordination with local jurisdictions. At least once every five years, the monitoring shall include a review of…
    • § 64832 To ensure oversight and accountability, the agency shall prepare and submit an annual report to the Legislature, in conformance with Sections 9795 and 53411 on…