BILL NUMBER: AB 1585	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JUNE 20, 2012
	AMENDED IN ASSEMBLY  MARCH 21, 2012
	AMENDED IN ASSEMBLY  MARCH 15, 2012
	AMENDED IN ASSEMBLY  MARCH 8, 2012

INTRODUCED BY   Assembly Members John A. Pérez, Atkins, Dickinson,
Hill, Mitchell, Perea, and Torres

                        FEBRUARY 2, 2012

   An act  to amend Sections 34171, 34173, 34176, 34177,
34179, 34180, 34181, 34182, 34183, 34187, and 34189 of the Health and
Safety Code,   relating to  redevelopment, and
declaring the urgency thereof, to take effect immediately 
 community development, and making an appropriation therefor
 .


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1585, as amended, John A. Pérez.  Redevelopment.
  Community development.  
   Under existing law, the Housing and Emergency Shelter Trust Fund
Act of 2006, authorizes the issuance of bonds in the amount of
$2,850,000,000 pursuant to the State General Obligation Bond Law.
Proceeds from the sale of these bonds are used to finance various
existing housing programs, capital outlay related to infill
development, brownfield cleanup that promotes infill development,
housing-related parks, and transit-oriented development administered
by the Department of Housing and Community Development.  
   This bill would appropriate $50,000,000 of bond revenues to the
Department of Housing and Community Development and from that amount,
allocate $25,000,000 from the Regional Planning, Housing, and Infill
Incentive Account for infill incentive grants, and $25,000,000 from
the Transit-Oriented Development Implementation Fund for
transit-oriented grants and loans.  
   Existing law dissolved redevelopment agencies and community
development agencies, as of February 1, 2012, and provides for the
designation of successor agencies, as defined. Existing law requires
successor agencies to wind down the affairs of the dissolved
redevelopment agencies and to, among other things, repay enforceable
obligations, as defined, and to remit unencumbered balances of
redevelopment agency funds, including housing funds, to the county
auditor-controller for distribution to taxing entities. 

   Existing law authorizes the city, county, or city and county that
authorized the creation of a redevelopment agency to retain the
housing assets, functions, and powers previously performed by the
redevelopment agency, excluding amounts on deposit in the Low and
Moderate Income Housing Fund.  
   This bill would modify the scope of the term "enforceable
obligation" and modify provisions relating to the transfer of housing
funds and responsibilities associated with dissolved redevelopment
agencies. The bill would provide that any amounts on deposit in the
Low and Moderate Income Housing Fund of a dissolved redevelopment
agency be transferred to specified entities. The bill would make
conforming changes.  
   Existing law provides that, upon a specified date, agreements,
contracts, or arrangements between the city or county, or city and
county that created the redevelopment agency and the redevelopment
agency are invalid. Notwithstanding this provision, an agreement that
provided loans or other startup funds for the agency that was
entered into within 2 years of the formation of the agency is valid
and binds the successor agency.  
   The bill would expand this exception to include an agreement
involving a loan specific to a project area and other specified
obligations. The bill would provide that other loan agreements
entered into between the redevelopment agency and the city, county,
or city and county that created it are deemed to be enforceable
obligations, except as specified. The bill would further expand upon,
and clarify, the scope of the successor agency's and the oversight
board's responsibilities.  
   This bill would declare that it is to take effect immediately as
an urgency statute. 
   Vote:  2/3   majority  . Appropriation:
 no   yes  . Fiscal committee: yes.
State-mandated local program: no.


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

   SECTION 1.    The sum of fifty million dollars
($50,000,000) is hereby appropriated to the Department of Housing and
Community Development as follows:  
   (a) Twenty-five million dollars ($25,000,000) from the Regional
Planning, Housing, and Infill Incentive Account established pursuant
to subdivision (b) of Section 53545 of the Health and Safety Code,
for the purpose of funding infill incentive grants.  
   (b) Twenty-five million dollars ($25,000,000) from the
Transit-Oriented Development Implementation Fund established pursuant
to subdivision (c) of Section 53545 of the Health and Safety Code,
for the purpose of funding transit-oriented grants and loans. 
All matter omitted in this version of the bill appears in the bill as
amended in the Assembly, March 21, 2012. (JR11)