California Government Code 53595.10 – A local agency may pledge, sell, transfer, assign, or otherwise …
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A local agency may pledge, sell, transfer, assign, or otherwise dispose of tax increment revenues for any purpose for which the general funds of the local agency may be expended.
(Added by Stats. 1993, Ch. 902, Sec. 1. Effective October 8, 1993.)
Terms Used In California Government Code 53595.10
- Local agency: means any city, county, city and county, district, including, but not limited to, a school district or other public entity authorized to enter into a tax increment agreement. See California Government Code 53595
- Tax increment: means that portion of tax revenues allocated to a redevelopment agency pursuant to subdivision (b) of §. See California Government Code 53595