BILL ANALYSIS                                                                                                                                                                                                    �





                                                                  AB 345

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          GOVERNOR'S VETO
          AB 345 (Torres)
          As Amended  August 21, 2012
          2/3 vote

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          |ASSEMBLY:  |     |(May 16, 2011)  |SENATE: |28-4 |(August 23,    |
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                    (vote not relevant)

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          |ASSEMBLY:  |78-0 |(August 29,     |        |     |               |
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          Original Committee Reference:    TRANS.  

          SUMMARY:  Reforms, beginning January 1, 2018, how redevelopment 
          agencies (RDA) spend their Low and Moderate Income Housing 
          Funds.

           The Senate amendments  delete the Assembly version of this bill, 
          and instead: 

          1)Requires RDAs to post a copy of their annual report on the 
            agency's or the community's Internet Web site.

          2)Requires RDAs to include the following information as part of 
            the annual report:

             a)   The percentage of funds from the Low and Moderate Income 
               Housing Fund (L&M fund) used for planning and general 
               administration costs;

             b)   An itemized list of planning and general administration 
               expenditures from the L&M fund and an explicit description 
               of how the expenditures are necessary for the production, 
               improvement or preservation of low- and moderate-income 
               housing; 











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             c)   Information describing the employees that are paid from 
               the L&M fund including the title, salary, wages, benefits, 
               and the nature of the employee's activities eligible to be 
               paid out of the L&M fund;

             d)   A list of the overhead costs that are paid directly or 
               indirectly from the L&M fund;

             e)   A statement of the amount and percentage of funds 
               deposited into the L&M fund exclusive of debt proceeds 
               expended for planning and administration in each of the 
               preceding five fiscal years that begin after December 31, 
               2011; 

             f)   A list of all the properties owned by a RDA purchased 
               with L&M funds, the date of acquisition for each property, 
               a RDA's intended purpose for the property, and the amount 
               if any of L&M funds used to acquire and maintain the 
               property; 

             g)   For each fiscal year since the agency's last adopted 
               implementation plan, a list of the replacement housing 
               obligations of the RDA including the number of units that 
               must be replaced, location, and status of the replacement 
               and production units; and,

             h)   For each housing project for which a RDA designates 
               encumbered funds, or amends an existing designation or 
               encumbrance during the fiscal year and where the RDA's 
               financing constitutes more than 50% of the total cost of 
               the housing project provide the project name, location, 
               number of affordable units, affordability level, amount of 
               agency financing and total cost of the low- and 
               moderate-income units.  

          3)Provides an agency that has deposited less than $100,000 in 
            the L&M Fund is exempt from providing the information required 
            by a) through h) above. 

          4)Requires the legislative body to adopt a separate written 
            resolution finding that based on the annual report the actual 










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            planning and general administrative expenses do not exceed the 
            limits allowed. 

          5)Requires the Controller, on or before April 1 of each year, to 
            post on its Web site a list of RDAs with major audit 
            violations. 

          6)Allows the Controller to consult with locally affected 
            community groups as part of determining if an agency has 
            corrected a major audit violation. 

          7)Allows a RDA that is subject to a court order as a result of a 
            major audit violation to continue to issue, sell, or deliver 
            bonds or incur debt to increase, improve, preserve, or assist 
            in the construction, or rehabilitation of housing units for 
            extremely low, very low, low, or moderate income housing.  

          8)Allows, in the 60 day window between a court's initial finding 
            of a major audit violation and a final ruling, a RDA to pay 
            the budgeted operation and administration of the agency, as 
            opposed to only 75% of the budgeted amount. 

          9)Prohibits a RDA that is subject to a court order as result of 
            a major audit violation to exercise the power of eminent 
            domain. 

          10)Removes the statutory caps on the amount of a monetary 
            sanction that a court can order a RDA to pay for a major audit 
            violation and permits the court to determine a sanction that 
            is commensurate with the violation. 

          11)Prohibits a RDA from paying a court sanction from the L&M 
            fund or any other special fund related to housing.

          12)Provides that an action filed by a court to compel a RDA to 
            correct a major audit violation does not preclude an action by 
            any other interested party or a resident of the jurisdiction.

          13)Makes failure to comply with the restrictions regarding 
            eligible expenditures for planning and general administration 
            from the L&M fund a "major audit violation."










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          14)Requires the Department of Housing and Community Development 
            (HCD) to conduct audits of RDAs to ensure compliance with the 
            housing provisions of the Community Redevelopment Law (CRL).

          15)Requires HCD to review all of the following in audits of 
            RDAs:

             a)   Agency compliance with production and replacement of 
               housing obligations;

             b)   Recording and monitoring of affordability covenants;

             c)   Provision of relocation assistance;

             d)   Propriety of deposits to and expenditures from the L&M 
               fund;

             e)   Compliance with the debt limit of the agency;

             f)   Adoption of a legally sufficient implementation plan;

             g)   Major audit violations as defined in the Health and 
               Safety Code Section 33080.8; and, 

             h)   Accounting practice or provision of the CRL in the 
               discretion of the department.

          16)Requires RDAs to annually remit .05% of the L&M tax increment 
            to HCD to conduct redevelopment audits. 

          17)Requires HCD to determine, on or before April 1 of each year, 
            whether an audit or investigation from the previous year, 
            contains a major audit violation and post those on the HCD 
            Internet Web site.   

          18)Requires on or before June 1 of each year, HCD to determine 
            if a major audit violation has been corrected by consulting 
            with each affected agency and locally affected community 
            groups.











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          19)Requires HCD to direct RDAs to take action to correct audit 
            violations.

          20)Provides that if HCD determines that an RDA has not taken 
            action within 180 days to correct an audit violation, it must 
            forward all relevant documents to the Attorney General (AG) 
            for action.   

          21)Requires HCD to forward a copy of any audit or investigation 
            of a RDA to the AG and the Controller. 

          22)Requires HCD to notify a RDA and its legislative body when it 
            sends an audit violation to the AG. 

          23)Prohibits HCD from initiating or settling any litigation or 
            to resolve any audit or investigation in a manner contrary to 
            law. 

          24)Allows the Controller to conduct quality control reviews of 
            RDA audits to the extent feasible within existing resources 
            and to communicate the results of the review to the RDA and 
            the independent auditor. 

          25)Requires that if the Controller finds that an audit was 
            conducted in an unprofessional manner, to refer the case to 
            the California Board of Accountancy (Board).

          26)Provides that if the Board determines that the independent 
            auditor conducted the audit in an unprofessional manner then 
            the auditor is prohibited from performing any RDA audits for 
            three years and the Board may impose additional penalties. 

          27)Provides that whenever the Controller determines through two 
            consecutive quality control reviews that an audit was not 
            performed in substantial conformity with guidelines in state 
            law, the Controller will notify the auditor and the Board in 
            writing.

          28)Gives the auditor 30 days after receiving the Controller's 
            notice to file an appeal or the Controller's determination is 
            final. 










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          29)Provides that if the auditor files an appeal, the Board will 
            investigate and may find that the Controller's determination 
            will not be upheld and has no effect or schedule an appeal for 
            hearing. 

          30)Provides that if the Controller's determination becomes 
            final, the auditor is prohibited from conducting audits for 
            three years and is subject to any additional conditions 
            ordered by the Board.   

          31)Provides that no later than March 1, following the date at 
            which the Controller's determination becomes final, the 
            Controller will notify each RDA of the auditors that are 
            ineligible as a result of misconduct. 

          32)Allows the Board to take any disciplinary action against an 
            auditor that it deems appropriate under the law. 

          33)Requires a RDA that is found to have deposited less into the 
            L&M fund than required by law or to have spent money from the 
            L&M Fund for purposes other than increasing, improving, and 
            preserving the community's supply of affordable housing, to 
            repay the funds with interest, plus an additional 50% of that 
            amount and interest. 

          34)Applies the 10-year statute of limitations for failure to 
            deposit or expend L&M funds correctly to merged redevelopment 
            project areas and to any other moneys that any agency must 
            deposit in the L&M fund in addition to tax increment. 

          35)Prohibits repayment of any L&M funds required to meet the 
            set-a-side requirements to come from any other funds 
            designated for affordable housing. 

          36)Establishes a double cap on the amount of L&M funds that an 
            RDA can spend on planning and general administrative costs.

          37)Places a 10% cap on the amount of L&M funds that a RDA can 
            spend on general administrative costs including:











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             a)   Employee compensation costs and related non-personnel 
               costs, such as travel and training, paid to or on behalf of 
               any agency, city, or county employee whose duties include 
               permissible L&M housing activities other than direct 
               program and project administration (i.e., line staff);

             b)   Employee compensation costs and related non-personnel 
               costs paid to or on behalf of any agency, city, or county 
               employee who supervises or manages line staff or who 
               provides general administrative services, such as finance, 
               legal, and human resources that indirectly support 
               permissible L&M housing activities; 

             c)   Overhead costs, such as rent, equipment, and supplies; 
               and,

             d)   The total value of any contracts for agency planning or 
               administrative services that are related to permissible 
               housing activities and that are not associated with a 
               specific development project.

          38)Places a 10% cap on the amount of L&M funds that a RDA can 
            spend on program and project staff costs, including employee 
            compensation costs and related non-personnel costs that are 
            directly and necessarily associated with development of a 
            specific housing development project including, negotiation 
            and project management of disposition and development 
            agreements, land leases, loan agreements and similar 
            affordable housing agreements, redevelopment agency work on 
            entitlements for eligible affordable housing developments, 
            loan processing, and servicing, inspection for new 
            rehabilitation units, construction monitory and monitoring 
            affordable housing units.   

          39)Allows a RDA to spend up to 2% of their L&M fund on code 
            enforcement provided that the RDA complies with relocation and 
            replacement rules if tenants are displaced or homes are 
            destroyed as a result of code enforcement activities. 

          40)Allows a RDA to spend any difference between the cap on 
            "general administrative and planning" (employee compensation 










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            for executive management cost and overhead costs) and actual 
            administrative expenditures on "program and project staff 
            costs." 

          41)Requires employee compensation for executive and management 
            staff, to be justified by an independent cost allocation study 
            that is no more than six years old and not represent a greater 
            proportion of the employees total compensation than the 
            proportion of employees working directly and exclusively on 
            activities required for the L&M fund in comparison to the 
            total number of employees supervised, managed and directly 
            supported by the employee.   

          42)Provides that the limitations planning and administrative 
            costs do not apply to a specific project area during the first 
            five years.

          43)Provides that the planning and administrative costs apply to 
            project areas where the project area is amended or if the tax 
            increment of a new or amended project area is deposited into 
            an L&M fund covering more than one project area. 

          44)Prohibits a RDA from spending L&M funds on any of the 
            following:

             a)   Code enforcement;

             b)   Land use planning or development of or revision of the 
               housing element except for the payment of normal 
               project-related planning fees that is applicable to similar 
               development projects, except that a RDA may spend L&M funds 
               on the cost of staff participation in the development of 
               the housing element provided that those costs are counted 
               toward the 10% cap on planning and administration costs;

             c)   Lobbying; and, 

             d)   Administration of non-redevelopment activities that are 
               not related to the activities required under the L&M fund.  












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          45)Provides that the completion of the current 10-year 
            implementation plan for a RDA (provided the 10-year period 
            began before January 1, 2010), the proportionality 
            requirements dictated by regional housing needs assessment 
            (RHNA) no longer apply, and funds must be expended from the 
            L&M fund as follows:

             a)   Requires at least 75% of each RDA's expenditures from 
               the L&M fund shall directly assist the new construction, 
               acquisition, and substantial rehabilitation or preservation 
               of housing for persons of extremely low, very low, or low 
               income;

             b)   Requires at least 50% of each RDA's expenditures from 
               the L&M fund shall directly assist the new construction, 
               acquisition, and substantial rehabilitation or preservation 
               of housing for persons of extremely low or very low income; 
               and,

             c)   Requires that at least 25% of each RDA's expenditures 
               from the L&M fund shall directly assist the new 
               construction, acquisition, and substantial rehabilitation 
               or preservation of housing for persons of extremely low 
               income.

          46)Allows a RDA to count expenditures for extremely low-income 
            housing toward the percentages required for very low-income 
            and to count expenditures for extremely low- and very 
            low-income toward the percentages required for low-income. 

          47)Deletes the ability of an agency to adjust the 
            proportionality requirement for units constructed with 
            non-redevelopment funds. 

          48)Requires a RDA to demonstrate in each implementation plan at 
            the end of five years that the agency's aggregate expenditures 
            from the L&M fund exclusive of debt service payments from the 
            onset of the new proportionality requirements satisfy the 
            requirements.

          49)Defines "preservation" as preserving affordability of an 










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            assisted housing development that is eligible for prepayment 
            or termination or the rental restrictions may expire within 
            five years. 

          50)Defines "housing for persons of extremely low income" as 
            housing that is available at a rent or housing cost that is 
            affordable to households earning 30% of the area median income 
            or 30% of the statewide median income, whichever is greater.  

           51)Provides that if a RDA has deposited less than $2 million in 
             the L&M fund in the first five years after the onset of the 
             new proportionality requirements, the RDA has 10 years to 
             fulfill the requirements to spend the L&M funds in the 
             percentages described above for extremely low, very low and 
             low income housing for the first time. 

          52)Allows, for purposes of the proportionality requirements, an 
            agency to count contractually obligated funds as expended 
            funds, provided that the contract is with an entity that is 
            independent of the agency or the community for the development 
            for a specific eligible housing development.

          53)Provides that if a contract to expend funds from the L&M fund 
            for a specific eligible housing development is terminated, the 
            funds may no longer be counted towards meeting the 
            proportionality requirements. 

          54)Provides that if a RDA fails to meet the proportionality 
            requirements, they may not expend any money from the L&M fund 
            for households whose incomes exceed 50% of median income until 
            they have expended funds for extremely low, very low and low 
            income housing that should have been spent in previous 
            implementation plan periods.

          55)Provides that if a RDA fails to spend L&M funds in same 
            proportion as the number of persons in all age groups, they 
            may not expend any money from the L&M fund for senior 
            households until they have expended funds for all-age housing 
            that should have been spent in previous implementation plan 
            periods.











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          56)Deletes the authority of an agency to disburse excess surplus 
            funds to the local housing authority.  

          57)Requires for each interest in real property acquired using 
            money from the L&M fund, a RDA within five years of acquiring 
            the property, must do one of the following:

             a)   Enter into a disposition and development agreement or a 
               land lease with a third party for the development of 
               housing affordable to persons and families of low and 
               moderate income;

             b)   Obtain final land use entitlements and secure full 
               financing for agency development for housing that is 
               affordable to persons and families of low and moderate 
               income; and,

             c)   Submit a remedial action plan for the property to the 
               appropriate oversight agency including, but not limited to, 
               the Department of Toxic Substances Control, the Regional 
               Water Quality Control Board or the Office of Human Health 
               Risk Assessment for the cleanup of contamination.     

          58)Provides that if a RDA has not completed one of the above 
            within five years, or if less than 10% of the dwelling units 
            or floor area of a project is developed within 10 years from 
            the date the agency originally acquired the property, the 
            agency must reimburse the L&M fund 150% of the amount expended 
            to acquire and maintain the property or 150% the current fair 
            market value of the property whichever is more.  

          59)Provides that if a RDA owns two or more adjacent properties 
            that make up a single redevelopment project the date of 
            acquisition will be the date of acquisition for the last 
            acquired property provided that the date is not later than 
            five years after the acquisition of the first property.  

          60)Provides that a RDA may adopt a resolution to petition HCD 
            for an extension of the five year deadline and the department 
            may grant a single extension of up to five years if the 
            department makes a finding that the failure to complete the 










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            required activities is beyond the agency's control and that 
            the agency has a feasible plan for development. 

          61)Requires HCD to solicit comments from known or expected 
            parties interested in an extension petition.

          62)Requires HCD to establish a schedule of fees to cover the 
            cost of reviewing the petition and to charge the RDA from 
            funds other than those designated for affordable housing. 

          63)Provides that a RDA must deposit 150% of the fair market 
            value of the property at the time it is sold or transferred or 
            if the property is not sold or transferred for the fair market 
            value of the land at the time a building permit is issued for 
            the property if either of the following conditions exist:  

             a)   A property acquired using moneys from the L&M fund is 
               sold or transferred for purpose other than housing that is 
               affordable to persons and families of low and moderate 
               income; or,

             b)   A property that is acquired using money from the L&M 
               fund is developed such that less than 50% of the floor area 
               or a percentage of the floor area equal to the amount of 
               L&M moneys that were used to acquire the property whichever 
               is less, is housing for persons and families of low and 
               moderate income.

          64)Requires that for units destroyed within the project area on 
            or after January 1, 2012, a RDA is required to replace vacant 
                                                units such that the replacement units are available at 
            affordable housing costs and occupied by persons and families 
            in the same or lower income category in the same proportion as 
            the units occupied or last occupied by low and moderate income 
            households in the property.

          65) Requires generally a RDA to replace destroyed units with new 
            construction.

          66)Provides that up to 25% of the replacement obligation 
            incurred during a five-year implementation plan may be 










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            fulfilled by either of the following:

             a)   With units that have been rehabilitated such that the 
               after-rehabilitation values increased by 50% or more of the 
               pre-rehabilitation value and the units being replaced were 
               either:

               i)     At risk of demolition or closure due to substandard 
                 conditions and occupied by extremely low or very low 
                 income households; and,

               ii)    Vacant due to substandard conditions.

             b)   With substantially rehabilitated multi-family units that 
               the agency has substantially rehabilitated within the 
               project area, two units for each unit the agency is 
               obligated to replace, or outside the project area three 
               units for each unit the agency is obligated to replace. 

          67)Requires a RDA to adopt a separate written resolution after a 
            public hearing that based on substantial evidence that the 
            rehabilitation of the replacement dwelling units complies with 
            the replacement unit requirements.  

          68)Provides that if a court finds that a RDA has failed to 
            comply with replacement housing requirements, the court shall 
            prohibit the agency from issuing any debt for any project 
            areas except debt from which all proceeds will be deposited in 
            the L&M fund until the court determines that the RDA has 
            complied with this section. 

          69)Adds the following to the information a RDA is required to 
            include in a replacement housing plan:

             a)   A description of the occupancy and affordability 
               restrictions to be imposed on replacement dwelling units;

             b)   Substantial evidence supporting a finding that the 
               replacement dwelling units will meet the needs of 
               households in the income categories of the households 
               displaced from the dwelling units that the replacement 










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               units are intended to replace; and,

             c)   A declaration of whether the RDA intends to rehabilitate 
               existing dwelling units.

          70)Provides that if a RDA ceases its activities prior to the end 
            of an affordability covenant, then it will designate a 
            successor agency that will monitor and enforce the covenants 
            for the remaining period of the covenant.  

          71)Provides that if no successor agency is designated at the 
            time a RDA ceases its activities then the community must 
            monitor and enforce the covenants for the remaining period of 
            the covenant. 

          72)Includes intent language regarding the need for greater 
            accountability and more auditing of RDAs. 

          73)Deletes the authority given to RDAs to offer money in the L&M 
            fund of a merged project area to the housing authority for the 
            purpose of constructing or rehabilitating affordable housing 
            if the funds have been deposited in the L&M fund for six years 
            but have not been spent.

          74)Adds the following to the list of required information the 
            implementation plan for an RDA must include: 

             a)   The proposed amount of expenditure for the L&M fund for 
               new construction, acquisition and substantial 
               rehabilitation or preservation for housing for persons of 
               extremely low, very low or low income during each year of 
               the implementation plan; 

             b)   The replacement units that satisfy each replacement 
               housing obligation;

             c)   In the case when replacement units have been destroyed 
               or removed, but units are not yet complete, the proposed 
               location of the replacement units that are not yet 
               complete; and,











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             d)   A complete accounting for compliance with the RDA's 
               affordable housing obligation over the life of the plan 
               including the total number of units the RDA is obligated to 
               replace and the total number of units required to be 
               constructed before the end for the project area life.

          75)Includes the following information for all affordable housing 
            units that are replaced, constructed, rehabilitated or have 
            covenants attached to them and are included in the database 
            required by existing law:

             a)   The street address and assessor's parcel number of the 
               property and for properties that are listed as a group, the 
               number of units;

             b)   The size of each unit based on the number of bedrooms;

             c)   The affordability level of each unit;

             d)   The year in which the construction or substantial 
               rehabilitation of the unit was complete;

             e)   The date of recordation and document number of the 
               affordability covenants or restrictions;

             f)   The date on which the covenants or restrictions expire;

             g)   For projects developed prior to January 1, 2002, a 
               statement of the effective period of the land use controls 
               established in the plan at the time the unit was developed;

             h)   For owner-occupied units that have changed ownership 
               during the previous implementation plan period the date and 
               document number of the new affordability covenants or other 
               document recorded to ensure that the affordability 
               restrictions run with the land; and,

             i)   Whether units count toward replacement units and the 
               units they are replacing;

          76)Requires the following information as part of the 










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            implementation plan for owner-occupied and rental units that 
            are required to replace units, are counted toward the RDA's 
            housing obligation and are not included in the database 
            required by existing law:

             a)   The street address and if available assessor's parcel 
               number of the property;

             b)   For properties where units are listed as a group, the 
               number of units;

             c)   The affordability level of each unit;

             d)   The date of recordation and document number or 
               restrictions; and, 

             e)   Whether the units count toward the replacement 
               obligation and reference the destroyed units they are 
               replacing.

          77)Permits the implementation plan to omit any property that is 
            used to confidentially house victims of domestic violence  

          78)Provides that failure to meet any of the following 
            obligations will be an ongoing violation until the RDA has 
            fulfilled the obligation: 

             a)   The deposit and expenditure requirements for the L&M 
               fund;

             b)   The obligation to eliminate project deficits to the L&M 
               fund;

             c)   The obligation to expend or encumber excess surplus 
               funds;

             d)   The obligation to provide relocation assistance;

             e)   Replacement and production housing obligations;

             f)   The obligation to monitor and enforce affordability 










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               covenants; and, 

             g)   The obligation to continue the project past the 
               effectiveness date of the redevelopment plan in order to 
               meet unfulfilled housing requirements.

           AS PASSED BY THE ASSEMBLY  , required the California Department of 
          Transportation (Caltrans) to add representatives from 
          non-motorized interest groups to the California Traffic Control 
          Devices Committee (CTCDC).  Specifically,  this bill  :  

             1)   Added groups representing users of streets, roads, and 
               highways to the list of entities that Caltrans must consult 
               with before adopting rules and regulations prescribing 
               uniform standards and specifications for official traffic 
               control devices, as specified.  

             2)   Specified that Caltrans shall ensure that the CTCDC 
               includes representatives of non-motorized user groups.  

             3)   Defined, for the purposes of this section, "users of 
               streets, roads, and highways" to mean bicyclists, children, 
               persons with disabilities, motorists, movers of commercial 
               goods, pedestrians, users of public transportation, and 
               seniors.  

             4)   Made related, clarifying amendments.  

           FISCAL EFFECT  :  Unknown 
           
          COMMENTS  :  In 2011, the Legislature passed SB 450 (Lowenthal) 
          which reformed the process by which redevelopment agencies were 
          required to spend the 20% set-a-side including, limiting the 
          amount that could be spent on planning and administration costs, 
          targeting L&M funds to extremely low income units, and creating 
          penalties for RDAs that did not spend their housing funds in a 
          timely manner.          

           Although RDAs were dissolved in 2011 by AB 26 X1 (Blumenfield), 
          Chapter 5, Statutes of 2011-12 First Extraordinary Session, and 
          AB 27 X1 (Blumenfield), Chapter 6, Statutes of 2011-12 First 










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          Extraordinary Session, SB 1156 (Steinberg) creates a new entity, 
          the Sustainable Communities Investment Authorities, which can 
          capture use tax increment and spend it on SB 375 (Steinberg), 
          Chapter 728, Statutes of 2008, type developments.  Under SB 
          1156, sustainable communities investment authorities are deemed 
          to be redevelopment agencies with same rights, responsibilities 
          and obligations of former redevelopment agencies. 

          SB 375 created a new procedure for land use planning that would 
          require local governments to plan in a way that would accomplish 
          the greenhouse gas reduction goals of AB 32 (N��ez and Pavley), 
          Chapter 488, Statutes of 2006:  The California Global Greenhouse 
          Gas Reduction Act of 2006.  SB 375 required metropolitan 
          planning organizations to adopt sustainable community strategies 
          (SCS) in their regional transportation plans for the purpose of 
          reducing greenhouse gas emissions, aligning planning for 
          transportation and housing, and creating specified incentives 
          for the implementation of those strategies.  SB 1156 would 
          authorize the use of tax increment as well as other funding 
          sources to finance some of the projects-small walkable 
          communities, transit priority areas and clean energy 
          manufacturing-that would be part of the SCS. 

          These new entities are required to comply with most of the 
          provisions of the CRL including the requirement to set-a-side 
          20% of any tax increment collected in a community sustainable 
          investment area for the creation, preservation and 
          rehabilitation of low and moderate-income housing.  Sustainable 
          Communities Investment Authorities also have the authority under 
          CRL to declare an area within a sustainable community investment 
          area blighted and to use the tool of eminent domain. 

          This bill would implement the SB 450 (Lowenthal) reforms to the 
          CRL with a delayed implementation of five years in an effort to 
          insure that the newly formed Sustainable Communities Investment 
          Authorities are maximizing the use of property taxes that are 
          collected for community redevelopment as proscribed by this bill 
          to create affordable housing.  

          According to the author, the five year delayed implementation is 
          necessary to avoid conflicts with the existing process of 










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          winding down redevelopment agencies.  It is unlikely that the 
          new Sustainable Communities Investment Authorities will collect 
          any or significant tax increment in the next five years, as 
          property taxes will go to pay for the remaining enforceable 
          obligations of former redevelopment agencies.  Additionally, the 
          five year delayed implementation allows for a review of the CRL 
          to determine what provisions should continue to apply to 
          successor agencies and successor housing agencies and which 
          should be phased out.       

           Related legislation:   This bill is the same as SB 450 
          (Lowenthal) which was passed by the Assembly by a vote of 74-0.  
          SB 450 (Lowenthal) was vetoed by the Governor because the court 
          challenge to AB 26 X1 and AB 27 X1 was pending. 

               I am returning Senate Bill 450 without my signature.

               This measure contains significant legal changes that will 
               affect Low
               and Moderate Income Housing funds managed by redevelopment 
               agencies,
               but this bill is a little ahead of its time.  The 
               California Supreme
               Court has indicated that it will rule on California 
               Redevelopment
               Agency v. Matosantos by January 15, 2012, and I believe it 
               would be
               premature to enact such substantive reforms before that 
               time.
           
          GOVERNOR'S VETO MESSAGE  :

          "This bill makes changes to the Community Redevelopment Law 
          regarding redevelopment agencies' use of the Low and Moderate 
          Income Housing Fund.

          "The intent of this bill is to govern use of the 20 percent set 
          aside for low and moderate income housing established in SB 
          1156.  Given my recent veto of SB 1156, this bill is premature." 
           











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           Analysis Prepared by:     Lisa Engel / H. & C.D. / (916) 319- 
          2085



                                                                FN: 0005993