Redevelopment: payments to taxing entities.

Existing law requires a redevelopment agency to make specified payments of property tax increment funds in specified fiscal years to taxing entities, and requires that these payments be allocated among these entities in proportion to the percentage share of property tax revenues received by these entities in these fiscal years. Existing law requires, on or before October 1, 2009, each redevelopment agency to submit a report to the county auditor and to each affected taxing entity that describes each project area, including its location, purpose, date established, date or dates amended, and statutory and contractual passthrough requirements. Existing law requires the report to include specified information in a specified manner for each project area. Existing law requires the county auditor to review each redevelopment agency's report and any other relevant information to determine whether the county auditor concurs with the information included in the reports. Existing law requires the redevelopment agency to make outstanding payments to a local educational agency, as specified, if the agency's report indicates outstanding payment obligations to a local educational agency. This bill would include under these provisions a redevelopment plan that was adopted prior to January 1, 1994, but amended after January 1, 1994, to increase the limitation on the number of dollars to be allocated to the redevelopment agency or that increased, or eliminated, the time limit on the establishing of loans, advances, and indebtedness, or that lengthened the period during which the redevelopment plan is effective, as specified. The bill also would declare that the changes to these provisions do not constitute a change in, but are declaratory of, existing law.