CaliforniaRedevelopment: successor agency debt: City and County of San Francisco.
What it does
Existing law dissolved redevelopment agencies and community development agencies as of February 1, 2012, and provides for the designation of successor agencies to, among other things, wind down the affairs of the dissolved redevelopment agencies and make payments due for enforceable obligations. Existing law, among other powers granted to successor agencies generally, additionally vests the successor agency to the former Redevelopment Agency of the City and County of San Francisco with the authority, rights, and powers of that former redevelopment agency solely for the purpose of issuing bonds or incurring other indebtedness, subject to the approval of the oversight board of the successor agency, to finance the construction of affordable housing and infrastructure required by specified development agreements, including the infrastructure required by the Transbay Implementation Agreement. Under existing law, these bonds and indebtedness are considered indebtedness incurred by the dissolved redevelopment agency secured by moneys deposited in the Redevelopment Property Tax Trust Fund established for that agency.
More detail
This bill would specify this authority to issue bonds or incur other indebtedness to finance the infrastructure required by the Transbay Implementation Agreement includes entering into arrangements with the Transbay Joint Powers Authority and the City and County of San Francisco to extend the time period for pledges of gross sales proceeds and net tax increments, as specified.
This bill would make legislative findings and declarations as to the necessity of a special statute for the City and County of San Francisco.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 30Chaptered by Secretary of State - Chapter 932, Statutes of 2026.Latest
- Sep 30Approved by the Governor Gavin Newsom.Became Law
- Aug 31Enrolled and presented to the Governor at 4 p.m.To Governor
- Aug 25Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 6509.).Major
- Vote recorded AB 2308 Haney Concurrence in Senate Amendments. Result: pass.Lower
- Vote recorded 3rd Reading AB2308 Haney By Wiener. Result: pass.Upper
- Aug 25In Assembly. Concurrence in Senate amendments pending.
- Aug 25Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 10.).Passed Senate
- Aug 6Read second time. Ordered to third reading.Minor
- Aug 5Ordered to second reading.Minor
- Aug 5Withdrawn from committee.Major
- Aug 4From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.Major
- Jun 10From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (June 10). Re-referred to Com. on APPR.Minor
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations]. Result: pass.Upper
- Jun 3From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L. GOV.Major
- May 20Referred to Coms. on L. GOV. and APPR.Minor
- May 7In Senate. Read first time. To Com. on RLS. for assignment.Minor
- Vote recorded AB 2308 Haney Consent Calendar Second Day. Result: pass.Lower
- May 7Read third time. Passed. Ordered to the Senate. (Ayes 66. Noes 0. Page 4967.)Passed Assembly
- Apr 30Read second time. Ordered to Consent Calendar.Minor
- Apr 29From committee: Do pass. To Consent Calendar. (Ayes 12. Noes 0.) (April 29).Minor
- Vote recorded Do pass. To Consent Calendar. Result: pass.Lower
- Apr 16From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 10. Noes 0.) (April 15). Re-referred to Com. on H. & C.D.Minor
- Apr 15
- Vote recorded Do pass and be re-referred to the Committee on [Housing and Community Development]. Result: pass.Lower
- Mar 9Referred to Coms. on L. GOV. and H. & C.D.Minor
- Feb 20From printer. May be heard in committee March 22.
- Feb 19Read first time. To print.Introduced