An ordinance adopting a redevelopment plan under this chapter shall include a finding that the effect of tax increment financing will not cause a significant financial burden or detriment on any taxing agency deriving revenues from a project area. This finding shall only be required when the project is financed in part or in whole from revenues derived from the allocation of taxes pursuant to Section 33670.
(Added by Stats. 1993, Ch. 944, Sec. 4. Effective October 8, 1993.)
Last modified: October 25, 2018