BILL NUMBER: AB 936	CHAPTERED
	BILL TEXT

	CHAPTER  226
	FILED WITH SECRETARY OF STATE  SEPTEMBER 6, 2011
	APPROVED BY GOVERNOR  SEPTEMBER 6, 2011
	PASSED THE SENATE  AUGUST 15, 2011
	PASSED THE ASSEMBLY  AUGUST 18, 2011
	AMENDED IN SENATE  JULY 12, 2011
	AMENDED IN SENATE  JUNE 22, 2011
	AMENDED IN ASSEMBLY  MAY 2, 2011

INTRODUCED BY   Assembly Member Hueso

                        FEBRUARY 18, 2011

   An act to add Article 4.4 (commencing with Section 33354.7) to
Chapter 4 of Part 1 of Division 24 of the Health and Safety Code,
relating to redevelopment.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 936, Hueso. Redevelopment: debt forgiveness.
   The Community Redevelopment Law authorizes the establishment of
redevelopment agencies in communities to address the effects of
blight, as defined. Existing law requires the agencies, among other
things, to comply with public hearing and notice requirements
relating to, among other things, the adoption and amendment of
redevelopment plans, the expenditure of funds, and the financing of
projects.
   This bill would require an agency or public body to adopt a
resolution stating its intention to forgive the repayment of a loan,
advance, or indebtedness owed by a public body to the agency or an
agency to the public body prior to repayment forgiveness, as
specified. The bill would also require the agency or public body, on
or before February 1, 2012, to adopt a resolution declaring whether
it has forgiven the repayment of a loan, advance, or indebtedness
owed by a public body or an agency to the public body during a
specified period.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Article 4.4 (commencing with Section 33354.7) is added
to Chapter 4 of Part 1 of Division 24 of the Health and Safety Code,
to read:

      Article 4.4.  Forgiveness of Debts and Loan


   33354.7.  (a) Before an agency or a public body forgives the
repayment, wholly or partially, of a loan, advance, or indebtedness
that is owed by a public body to the agency or an agency to the
public body, the agency or public body forgiving the repayment shall
adopt a resolution that states its intention to forgive the
repayment.
   (b) The resolution shall specify all of the following:
   (1) The name of the public body or agency.
   (2) The amount of the proposed forgiveness.
   (3) The terms of the loan, advance, or indebtedness.
   (4) The fiscal effect of the proposed forgiveness on the public
body.
   (5) The fiscal effect of the proposed forgiveness on the agency.
   (6) The date on which the agency or public body intends to act on
the proposed forgiveness which shall be no less than 15 days after
the adoption of the resolution.
   (c) The adoption of the resolution and the action that forgives
repayment shall not be placed on the agency's or public body's
consent calendar, but shall be adopted by a recorded rollcall vote.
   33354.8.  (a) On or before February 1, 2012, an agency or public
body shall adopt a resolution that declares whether or not it has
forgiven, during the period of time commencing January 1, 2010,
through December 31, 2011, the repayment, wholly or partially, of a
loan, advance, or indebtedness that has been owed by a public body to
the agency or an agency to the public body.
   (b) The resolution shall specify all of the following:
   (1) The name of the public body or agency.
   (2) The amount of the forgiveness.
   (3) The terms of the loan, advance, or indebtedness.
   (4) The fiscal effect of the proposed forgiveness on the public
body.
   (5) The fiscal effect of the proposed forgiveness on the agency.
   (c) No less than 10 days after the adoption of the resolution, the
agency or public body shall transmit a copy of the resolution to the
legislative body and the Controller.