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HomeHealth and Safety CodeDiv. 24Pt. 1Ch. 4Art. 14§ 33473 Redevelopment Project Merger Extensions

§ 33473 Redevelopment Project Merger Extensions

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

§ 33473 Redevelopment Project Merger Extensions

Key Takeaways

  • •If a city wants to merge redevelopment projects, they can push back the end date of the project.
  • •This extra time helps the city avoid running out of money by issuing new bonds.
  • •The end date can also be extended to fund specific projects or other allowed purposes.

Example

A city has two redevelopment projects that are running out of money and time.

The city can merge the projects and push back the end date to issue new bonds. This gives them more time to pay off debts and avoid defaulting.

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

Official Source
View on CA.gov

§ 33473 Redevelopment Project Merger Extensions

In the proceedings for the merger of a redevelopment project, pursuant to this article, the legislative body may provide for the extension of any termination date in the redevelopment plan for any particular project area to such date as will enable a refunding to be accomplished by the issuance of bonds for the merged project area which will extend debt service for the purpose of attempting to prevent default. The termination date may also be extended for the purpose of financing projects under Section 33334.2 or 33471.5 or for any other purposes permitted by law. (Repealed and added by Stats. 1979, Ch. 414.)

Last verified: January 23, 2026

Key Terms

terminationmergerredevelopmentissuance

Related Statutes

  • § 33470 Merging Redevelopment Project Areas
  • § 33471 Project Area Debt Priority
  • § 33471.5 Redevelopment Tax Allocation Requirements
  • § 33476.3 Project Area Debt Priority
  • § 33333.10 Redevelopment Plan Extension Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 33473.
View Official Source