S1242: Community Redevelopment Agencies

Legislative Summary

Revising the structure of community redevelopment agencies to require a governing body to declare itself to be an agency; prohibiting a governing body from adopting any modification to a community redevelopment plan which expands the boundaries of the community redevelopment area or extends the time certain set forth in the redevelopment plan; revising the authorized activities of community redevelopment agencies; prohibiting community redevelopment agencies from paying for or financing by increment revenues certain projects; revising the date on which community redevelopment agencies must terminate, etc.