Calif. Senate Gives Go-Ahead To New Redevelopment Plans

Law360, San Diego (June 4, 2012, 10:19 PM EDT) -- The California Senate on Thursday approved two bills that would establish a framework for carrying on certain redevelopment activities, after the state Supreme Court abolished redevelopment agencies last year.

The full state Senate voted 21-15 in favor of S.B. 1156, proposed by Senate President Pro Tem Darrell Steinberg, D-Sacramento, which would authorize cities and counties that previously had redevelopment agencies to create so-called Sustainable Communities Investment Authorities, using the assets of former redevelopment agencies and new revenues.

A related Steinberg measure, S.B. 1151, which aims to...
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