Brown Nixes Calif. Sustainable Redevelopment Bills

Law360, New York (October 1, 2012, 6:09 PM EDT) -- California Gov. Jerry Brown on Saturday vetoed several bills that would have given local governments the authority to establish their own redevelopment agencies to spur economic growth, saying such programs could potentially disrupt the state’s fiscal stability for now.

The package of so-called sustainable communities legislation proposed establishing several programs to boost affordable housing and economic development projects. The measures were introduced to fill the void left earlier this year when the government shut down several hundred redevelopment agencies across California, reallocating their funds to fill...
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