yourstate.us
Cal. Health and Safety Code § 33492.106

Cal. Health and Safety Code § 33492.106

California · California Health and Safety Code · Status: effective · Effective 1996-07-15

Get this as JSONEmbed this
Cite this
Citation
Cal. Health and Safety Code § 33492.106, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/866272
Permanent ID
ys:prov:866272@1
SHA-256
83908ce001107fdcb14aa20c9ce4426ba4138bab32a09ed5012c53f5e205013c

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) Notwithstanding Section 33334.2, or any other provision of law, the redevelopment agency for the Tustin Marine Corps Air Station Redevelopment Project, may, for up to 10 years, defer depositing into the Low- and Moderate-Income Housing Fund up to 50 percent of the amount required by Section 33334.2. The amount of the deferral shall be considered an indebtedness and shall be repaid to the Low- and Moderate-Income Housing Fund during the period from the beginning of the 11th year to the end of the 20th year after the establishment of the Tustin Marine Corps Air Station Redevelopment Project area. If the indebtedness is not eliminated by the end of the 20th year, the county auditor or controller shall withhold an amount equal to the indebtedness and deposit those funds into a separate Low- and Moderate-Income Housing Fund for use by the redevelopment agency. (b) This section shall not apply to the requirement that tax increment revenues attributable to the property that is located outside the military base be allocated to the Low- and Moderate-Income Housing Fund.