San Francisco's redevelopment successor may extend Transbay funding pledges
The agency winding down San Francisco's former redevelopment agency already may borrow to pay for Transbay infrastructure. That power now expressly includes deals with the Transbay Joint Powers Authority and the city to extend how long sale proceeds and tax increment are pledged.
Who it affects
San Francisco's redevelopment successor agency and the Transbay authority
When
This law takes effect on January 1, 2027. California laws take effect on January 1 of the year after they are signed, unless the law says otherwise.
- : Signed into law
- : This law takes effect
Official text
California AB 2308: Redevelopment: successor agency debt: City and County of San Francisco.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.