Bill Text: CA AB2050 | 2009-2010 | Regular Session | Introduced

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Bill Title: Housing and community development: redevelopment.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-19 - From printer. May be heard in committee March 21. [AB2050 Detail]

Download: California-2009-AB2050-Introduced.html

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BILL NUMBER: AB 2050	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Fong

                        FEBRUARY 18, 2010

   An act to amend Section 33444.6 of the Health and Safety Code,
relating to housing and community development.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2050, as introduced, Fong. Housing and community development:
redevelopment.
   The Community Redevelopment Law authorizes a redevelopment agency
to assist with the financing of facilities or capital equipment,
within a project area, as part of an agreement that provides for the
development or rehabilitation of property that will be used for
industrial or manufacturing purposes, if the redevelopment agency
made specified legislative findings after a public hearing but prior
to entering into the agreement.
   This bill would modify that authorization to also apply to the
financing of facilities or capital equipment that consists of green
technology and to the development or rehabilitation of property that
will be used for commercial purposes.
   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.  Section 33444.6 of the Health and Safety Code is
amended to read:
   33444.6.  (a)  Within a project area and as part of an agreement
that provides for the development or rehabilitation of property that
will be used for  commercial,  industrial  ,  or
manufacturing purposes, an agency may assist with the financing of
facilities or capital equipment, including, but not 
necessarily  limited to,  green technology and 
pollution control devices.
   (b)  Prior to entering into an agreement for a development that
will be assisted pursuant to this section, the agency shall find,
after a public hearing, that the assistance is necessary for the
economic feasibility of the development and that the assistance
cannot be obtained on economically feasible terms in the private
market.