BILL NUMBER: AB 1555	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Norby

                        JANUARY 26, 2012

   An act to add Section 33601.5 to, and to repeal Article 4.4
(commencing with Section 33354.7) of Chapter 4 of Part 1 of Division
24 of, the Health and Safety Code, relating to redevelopment.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1555, as introduced, Norby. Redevelopment: debt forgiveness.
   The Community Redevelopment Law authorizes the establishment of
redevelopment agencies in specified communities to address the
effects of blight, as defined. Existing law imposes notice
requirements on a redevelopment agency with respect to the
forgiveness of debts and loans owed to an agency by a public body.
   This bill would repeal the provisions of law with respect to
redevelopment agency forgiveness of debts and loans. The bill would
prohibit an agency from forgiving the repayment of a loan, advance,
or indebtedness that is owed by a public body to the agency.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Article 4.4 (commencing with Section 33354.7) of
Chapter 4 of Part 1 of Division 24 of the Health and Safety Code is
repealed.
  SEC. 2.  Section 33601.5 is added to the Health and Safety Code, to
read:
   33601.5.  Notwithstanding any other law, an agency shall not
forgive the repayment, wholly or partially, of a loan, advance, or
indebtedness that is owed by a public body to the agency.