Today's Law As Amended


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SB-438 Redevelopment: enforceable obligations: City of Atascadero.(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 34177.9 is added to the Health and Safety Code, to read:

34177.9.
 Notwithstanding subdivision (d) of Section 34171 or Section 34178, a loan agreement entered into between a redevelopment agency and the City of Atascadero between January 1, 1999, and January 1, 2003, inclusive, shall be deemed to be an enforceable obligation for purposes of this part and shall bind the successor agency.
SEC. 2.
 The Legislature finds and declares that a special statute is necessary and that a general statute cannot be made applicable within the meaning of Section 16 of Article IV of the California Constitution because of the unique fiscal circumstances in the City of Atascadero relating to loans made by the city to its former redevelopment agency.