BILL NUMBER: AB 2647	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Wagner

                        FEBRUARY 21, 2014

   An act to add Section 34182.1 to the Health and Safety Code,
relating to redevelopment.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2647, as introduced, Wagner. Redevelopment: El Toro Project
Area: former City of Lake Forest Redevelopment Agency.
   Existing law dissolved redevelopment agencies and community
development agencies as of February 1, 2012, and provides for the
designation of successor agencies to wind down the affairs of the
dissolved redevelopment agencies and to, among other things, make
payments due for enforceable obligations and to perform obligations
required pursuant to any enforceable obligation. Existing law
additionally requires the county auditor-controller to determine
annually the amount of property taxes that would have been allocated
to each redevelopment agency had the agency not been dissolved, and
to deposit that amount into the Redevelopment Property Tax Trust
Fund. Existing law requires the county auditor-controller for each
fiscal year to allocate moneys in the Redevelopment Property Tax
Trust Fund for passthrough payment obligations, enforceable
obligations of the dissolved redevelopment agency, and administrative
costs, as specified.
   This bill would require the Orange County Auditor-Controller to
determine the amount of property taxes generated from the El Toro
Project Area of the Neighborhood Development and Preservation Project
Area. This bill would require the auditor-controller, prior to
depositing those funds into a Redevelopment Property Tax Trust Fund
for the former City of Lake Forest Redevelopment Agency, to determine
the amount necessary to satisfy the bond obligations that
pre-existed the creation of the City of Lake Forest Redevelopment
Agency and deposit those funds into the Redevelopment Property Tax
Trust Fund of the former Orange County Redevelopment Agency. This
bill would then require then auditor-controller to deposit the
remaining funds attributable to the El Toro Project Area into the
former City of Lake Forest Redevelopment Agency Redevelopment
Property Tax Trust Fund, as provided.
   By adding to the duties of local government officials, this bill
would impose a state-mandated local program.
   This bill would make legislative findings and declarations as to
the necessity of a special statute for the former City of Lake Forest
Redevelopment Agency.
   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, if the Commission on State Mandates
determines that the bill contains costs mandated by the state,
reimbursement for those costs shall be made pursuant to these
statutory provisions.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: yes.


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

  SECTION 1.  Section 34182.1 is added to the Health and Safety Code,
to read:
   34182.1.  The Orange County Auditor Controller shall determine the
amount of property taxes generated from the El Toro Project Area of
the Neighborhood Development and Preservation Project Area. Prior to
depositing those funds into a Redevelopment Property Tax Trust Fund
for the former City of Lake Forest Redevelopment Agency, the
auditor-controller shall determine the amount necessary to satisfy
the bond obligations that pre-existed the creation of the City of
Lake Forest Redevelopment Agency and shall deposit the funds
necessary to satisfy those pre-existing bond obligations into the
Redevelopment Property Tax Trust Fund of the former Orange County
Development Agency. The auditor-controller shall then deposit, after
payments pursuant to statutory formulas or contractual agreements
with other taxing entities, the remaining funds attributable to the
El Toro Project Area into the former City of Lake Forest
Redevelopment Agency Redevelopment Property Tax Trust Fund.
  SEC. 2.  The Legislature finds and declares that a special law is
necessary and that a general law cannot be made applicable within the
meaning of Section 16 of Article IV of the California Constitution
because of the unique economic circumstances in the area served by
the former City of Lake Forest Redevelopment Agency relating to the
payment of debt service on pre-existing bonds secured by the El Toro
Project Area.
  SEC. 3.  If the Commission on State Mandates determines that this
act contains costs mandated by the state, reimbursement to local
agencies and school districts for those costs shall be made pursuant
to Part 7 (commencing with Section 17500) of Division 4 of Title 2 of
the Government Code.