Gov. Code, § 62208 · Part 3. Property Acquisition
Gov. Code, § 62208
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The authority shall retain controls and establish restrictions or covenants running with land sold or leased for private use for those periods of time and under those conditions as are provided in the plan. The establishment of those controls is a public purpose under this division.
(b) An authority shall obligate lessees or purchasers of property acquired in a revitalization project to:
(1) Use the property for the purpose designated in the revitalization plans.
(2) Begin the revitalization of the project area within a period of time which the authority fixes as reasonable.
(3) Comply with the covenants, conditions, or restrictions that the authority deems necessary to prevent speculation or excess profittaking in undeveloped land, including right of reverter to the agency. Covenants, conditions, and restrictions imposed by an authority may provide for the reasonable protection of lenders.
(4) Comply with other conditions which the authority deems necessary to carry out the purposes of this part.
Notes and commentary — not statutory text
History
Added by Stats. 2015, Ch. 319, Sec. 2. (AB 2) Effective January 1, 2016.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=62208.
- Text hash
- sha256 a24ccac2f78f77211ce91740ac896d302654583b7fca3f26d2c50c2e25719830
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.