§ 33623 Redevelopment Fund Use Authorization

• •The city can use money from a special fund (redevelopment revolving fund) for big projects, but only if most of the leaders (two-thirds) agree.
• •This money can be used to buy land for projects, clean up areas for new buildings, or pay for other costs to make the project happen.
• •The leaders can set rules on how the money is used, like how it’s paid back or what it can be spent on.

A city wants to fix up an old, run-down neighborhood to build new homes and parks.

The city leaders vote (with at least two-thirds saying yes) to use money from a special fund to buy the land, tear down old buildings, and pay for workers to plan the new neighborhood.