Examples of AB 1484 in a sentence
Also, AB 1484 provided that the Agency’s bond fund assets can be expended in a manner consistent with the bonds covenants after compliance with certain requirements.
Under AB 1484 (Chapter 16, Statutes of 2012; Health and Safety Code section 34173, subd.
Further, on June 27, 2012, the Governor signed budget trailer bill AB 1484 into law, resulting in further procedural and substantive changes to the duties of and procedures to be followed by successor agencies, oversight boards, county auditor-controllers and the California Department of Finance (the “DOF”).
Health and Safety Code Section 34191.5, added by AB 1484 (signed into law on June 27, 2012), requires each Successor Agency (“SA”) to prepare and approve a Long-Range Property Management Plan (“LRPMP”) that addresses the disposition and use of the real properties of the former redevelopment agency.
AB 1484 allows for a disputed item to be subsequently placed on the ROPS after DOF’s later approval or a determination by a court of law that the item is an enforceable obligation under the law.
Also, AB 1484 provided that the Redevelopment Agency’s bond fund assets can be allocated for expenditure for new projects in accordance with the bonds covenants after compliance with certain requirements.
Specifically, AB 1484 added HSC § 34191.5 that requires the Successor Agency to prepare a Long Range Property Management Plan (the “LRPMP”) as a prerequisite to the disposition of real property assets.
Subsequent legislation, AB 1484, enacted in June 2012, amended the original law and added a number of new procedural requirements.
AB 1484 was signed by the Governor on June 27, 2012 and further changed the process for dissolving redevelopment agencies.
Specifically, AB 1484 added HSC § 34191.5 which requires the Successor Agency to prepare a Long Range Property Management Plan (the “LRPMP”) as a prerequisite to the disposition of real property assets.