Assembly Bill 3674 (Montoya – 1976)
Chapter 1337, Statutes of 1976 - AB 3674
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Several Health and Safety Code sections relating to redevelopment plans were amended in 1976 following legislative passage of Assembly Bill 3674. (See Exhibit #1g) Assembly member Joseph B. Montoya introduced Assembly Bill 3674 on March 15, 1976 as part of a package of bills introduced to revise the California redevelopment law. (See Exhibits #1a and #7, document ARC-1) The bills were the result of hearings and a Staff Report prepared the prior year. (See Exhibits #22 and #23)
While before the Assembly, Assembly Bill 3674 was heard by the Committee on Housing and Community Development and the Committee on Revenue and Taxation. (See Exhibits #3 and #5) In the Senate, the measure was heard before the Committee on Local Government, Committee on Revenue and Taxation, and the Committee on Finance. (See Exhibits #2 and #8) Assembly Bill 3674 was amended five times, twice in the Assembly and three times in the Senate. (See Exhibits #1b through #1f and #2) After receiving approval on the Assembly and Senate floors, Assembly Bill 3674 was approved by Governor Edmund G. Brown, Jr., on September 29th, and was recorded by the Secretary of State on September 30th as Chapter 1337 of the Statutes of 1976. (See Exhibits #1g and #2)
The Unfinished Business analysis on Assembly Bill 3674 contained the following digest of the bill as it was last amended on August 26, 1976:
Under current law, there are no specific requirements for a fiscal analysis of the financial impact of the tax increment financing for redevelopment plans.
As it was passed by the Assembly, this bill alters community redevelopment law to require reports by tax officials on the impact of redevelopment plans financed through the tax increment procedure. The bill also creates a fiscal review committee to act on redevelopment plans using tax increment financing.
The Senate amendments make minor technical changes in reporting procedures.
(See Exhibit #14, page 1)