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HomeHealth and Safety CodeDiv. 24Pt. 1Ch. 6Art. 5§ 33641 Redevelopment Project Bond Financing

§ 33641 Redevelopment Project Bond Financing

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 33641 Redevelopment Project Bond Financing

Key Takeaways

  • •The government can borrow money by selling bonds to pay for big projects like fixing up old buildings or neighborhoods.
  • •The money to pay back these bonds can come from different places, like the money the project makes, special taxes, or help from the state or federal government.
  • •Sometimes, the money to pay back the bonds comes from a mix of these different sources.

Example

A city wants to fix up an old shopping area to make it nicer and attract more stores and people.

The city can sell bonds to get the money for the project. They can pay back the bonds using the money from the new stores renting space, or from special taxes collected in that area, or even with help from the state government.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 33641 Redevelopment Project Bond Financing

An agency may issue any types of bonds which it may determine, including bonds on which the principal and interest are payable: (a)  Exclusively from the income and revenues of the redevelopment projects financed with the proceeds of the bonds, or with the proceeds together with financial assistance from the state or federal government in aid of the projects. (b)  Exclusively from the income and revenues of certain designated redevelopment projects whether or not they were financed in whole or in part with the proceeds of the bonds. (c)  In whole or in part from taxes allocated to, and paid into a special fund of, the agency pursuant to the provisions of Article 6 (commencing with Section 33670). (d)  In whole or in part from taxes imposed pursuant to Section 7280.5 of the Revenue and Taxation Code which are pledged therefor. (e)  From its revenues generally. (f)  From any contributions or other financial assistance from the state or federal government. (g)  By any combination of these methods. (Amended by Stats. 1993, Ch. 942, Sec. 32. Effective January 1, 1994. See provisions for inoperation in subd. (a) of Section 34189.)

Last verified: January 23, 2026

Key Terms

redevelopmentcalifornia agencyassistancetaxation codecombinationinoperation

Related Statutes

  • § 33642 Bond Security Options
  • § 33645 Bond Issuance Authorization Rules
  • § 33659 Agency Bond Covenants Authority
  • § 33600 Agency Funding Acceptance Rules
  • § 33601 Redevelopment Project Funding Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 33641.
View Official Source