(1)  Existing law, known as the Community Redevelopment Law, authorizes the establishment of redevelopment agencies in communities to address the effects of blight, as defined, in blighted areas of those communities known as project areas. Existing law requires each redevelopment agency to present, within 6 months of the end of the agency’s fiscal year, an annual report, containing an independent financial audit report for the previous fiscal year, to the legislative body of its community.

This bill would impose a state-mandated local program by requiring that, upon the written request of any person or any taxing agency, the redevelopment agency provide a copy of this report. The bill would require that, if this report does not include detailed information regarding administrative costs, professional services, and other expenditures, the person or taxing agency may request, and the redevelopment agency shall provide, that information, and the person or taxing agency shall reimburse the redevelopment agency for actual and reasonable costs incurred in the provision of the requested information. (2)  The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.

This bill would provide that no reimbursement is required by this act for a specified reason.