Today's Law As Amended


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AB-31 Redevelopment.(2011-2012)



As Amends the Law Today


SECTION 1.

 Section 34164.25 is added to the Health and Safety Code, to read:

34164.25.
 Notwithstanding any law, in the sale of any state surplus property, where the State Public Works Board has approved the sale and the purchase sale agreement has been executed on or before June 30, 2011, and where the sale of the surplus property is dependent on the use of local redevelopment agency funds, these local redevelopment funds shall be deemed obligated for the purchase and designated development of that property and shall be available for use by the local redevelopment agency, or any successor agency, to fulfill the purchase and development of that property by the purchases as designed in the purchase sale agreement.

SEC. 2.

 Section 34194.75 is added to the Health and Safety Code, to read:

34194.75.
 Notwithstanding any law, including, but not limited to, any provision of this part, paragraph (2) of subdivision (c) of Section 34194 shall not apply to either of the following:
(a) New debt, as that term is defined in subparagraph (A) of paragraph (2) of subdivision (c) of Section 34194, or to obligations issued or incurred on or after November 1, 2011, as referred to in that subparagraph, with respect to any real property listed by the Department of General Services as state surplus property pending disposition in its 2010 Surplus Real Property Annual Report to the State Legislature, dated June 2010 and transmitted to Legislative Counsel on or around September 27, 2010.
(b) New debt, as that term is defined in subparagraph (A) of paragraph (2) of subdivision (c) of Section 34194, or to obligations issued or incurred on or after November 1, 2011, as referred to in that subparagraph, with respect to any project located or to be located on all or any part of real property that is listed by the Department of General Services as state surplus real property pending disposition in its 2010 Surplus Real Property Annual Report to the State Legislature, dated June 2010 and transmitted to Legislative Counsel on or around September 27, 2010.
SEC. 3.
 The sum of one thousand dollars ($1,000) is hereby appropriated to the Department of Finance from the General Fund for costs to comply with this act.
SEC. 4.
 This act addresses the fiscal emergency declared and reaffirmed by the Governor by proclamation on January 20, 2011, pursuant to subdivision (f) of Section 10 of Article IV of the California Constitution.
SEC. 5.
 This act is a bill providing for appropriations related to the Budget Bill within the meaning of subdivision (e) of Section 12 of Article IV of the California Constitution, has been identified as related to the budget in the Budget Bill, and shall take effect immediately.