Section 34170.5 - Redevelopment Obligation Retirement Fund(a) The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.(b) The county auditor-controller shall create within the county treasury a Redevelopment Property Tax Trust Fund for the property tax revenues related to each former redevelopment agency, for administration by the county auditor-controller.Ca. Health and Saf. Code § 34170.5
Added by Stats 2011 ch 5 (AB X1-26),s 7, eff. 6/28/2011.