ARTICLE 3. Redevelopment Revolving Fund

Article 3 added by Stats. 1963, Ch. 1812.

§§ 33620–33626 · 7 sections

• § 33620 At any time after it has adopted a resolution declaring that there is need for an agency to function in the community, the legislative body may establish a…
• § 33621 For the purpose of raising money to be deposited in the redevelopment revolving fund, the legislative body may appropriate money or the community may issue and…
• § 33622 By resolution of the legislative body adopted by a majority vote, any money in the redevelopment revolving fund may be expended from time to time for: (a) The…
• § 33623 By resolution of the legislative body adopted by a two-thirds vote, any money in the redevelopment revolving fund may be paid to the agency, upon such terms…
• § 33624 All money received by the agency from the sale, lease, or encumbering of property acquired with money from the redevelopment revolving fund in excess of the…
• § 33625 All other provisions of this part that relate to financing are subject to Sections 33433, 33434, and 33624.
• § 33626 The legislative body of any community may abolish the redevelopment revolving fund whenever it finds that the purposes for which it was established have been…