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HEALTH AND SAFETY CODE
SECTION 33810-33817

33810. The Legislature finds and declares that the security of
millions of dollars of indebtedness incurred prior to July 1, 1978,
and dependent upon taxes allocated pursuant to Section 16 of Article
XVI of the California Constitution and subdivision (b) of Section
33670 for its security is seriously threatened.

33811. The Legislature further finds and declares that unless
supplemental sources of revenue for the payment of such indebtedness
can be established, a substantial portion of such indebtedness will
not be repaid, which will include the default of bonds and the breach
of contractual obligations, and that if such defaults and breaches
of contract occur, the credit and future borrowing capacity of both
local agencies and the state may be impaired.

33812. The Legislature further finds and declares that such
defaults and breach of contracts may result in lengthy and costly
legal actions against public agencies for the impairment of
contractual rights.

33813. The Legislature further finds and declares that there is a
need to establish a flexible procedure to enable legislative bodies
to obtain necessary supplemental revenues to pay the incurred
indebtedness because the need for state funds for such purpose will
be decreased and because the facts and circumstances surrounding each
project and the indebtedness incurred are different and different
solutions may be required.

33814. The Legislature further finds and declares that certain
properties within the boundaries of redevelopment project areas
established pursuant to the Community Redevelopment Law have
increased in value and have received and will continue to receive
special benefits from redevelopment activities undertaken by
agencies, including, but not limited to, acquisition, assembly and
disposition of lands, demolition and site clearance and the
construction of public improvements financed by the proceeds of
indebtedness incurred by redevelopment agencies.

33815. The Legislature further finds and declares that the
establishment of special assessments on the properties so specially
benefited from the activities described in Section 33814 is the most
equitable method for providing supplemental revenues to be used to
pay the indebtedness.

33816. It is the purpose of this chapter to authorize and provide
for the establishment of special assessment areas within
redevelopment project areas and for the levy of special assessments
on properties within such special assessment areas to obtain
supplemental revenues to be used for the payment of indebtedness
incurred prior to July 1, 1978, and temporary borrowing from the
state incurred to avoid default thereon.

33817. A special assessment area may include any or all property
within a project area as the project area existed on July 1, 1978,
established pursuant to Chapter 4 (commencing with Section 33300) of
this part, and may, but need not be, coterminous with such project
area; however, only properties benefited by redevelopment activities
described in Section 33814 shall be included within the special
assessment area. The properties included in a special assessment
area may be either contiguous or noncontiguous; however, only
properties within a single project area may be included within a
single special assessment area.

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