Health and Safety Code § 34170.5

CHAPTER 1. Effective Date, Creation of Funds, and Definition of Terms

Current as of September 28, 2026Health & Saf. Code, § 34170.5Official source ↗Ask about this

Added by Stats. 2011, 1st Ex. Sess., Ch. 5, Sec. 7. (AB 26 1x) Effective June 29, 2011. Operative February 1, 2012.

(a) The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.

(b) The county auditor-controller shall create within the county treasury a Redevelopment Property Tax Trust Fund for the property tax revenues related to each former redevelopment agency, for administration by the county auditor-controller.