Redevelopment.

Existing law suspends various activities of redevelopment agencies and prohibits the agencies from incurring indebtedness for a specified period. Existing law also dissolves redevelopment agencies and community development agencies, as of October 1, 2011, and designates successor agencies, as defined. Existing law exempts from dissolution a redevelopment agency of a community where the city or county that created the agency participates in an alternative redevelopment program, as prescribed. This bill would provide that in a specified sale of state surplus property where the sale of that property is dependent on the use of local redevelopment agency funds, local redevelopment funds would be deemed to be obligated for the purchase and development of that property, and would be available for use by the local redevelopment agency or any redevelopment agency for purchase and development purposes. The bill would also exempt new debt, as described, from certain provisions relating to a community remittance requirement. The bill would appropriate $1,000 to the Department of Finance for its costs in complying with the bill. The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. Governor Schwarzenegger issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on December 6, 2010. Governor Brown issued a proclamation on January 20, 2011, declaring and reaffirming that a fiscal emergency exists and stating that his proclamation supersedes the earlier proclamation for purposes of that constitutional provision. This bill would state that it addresses the fiscal emergency declared and reaffirmed by the Governor by proclamation issued on January 20, 2011, pursuant to the California Constitution. This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.