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AB-2308 • 2026

Redevelopment: successor agency debt: City and County of San Francisco.

Redevelopment: successor agency debt: City and County of San Francisco.

Energy Housing Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Haney
Last action
2026-04-16
Official status
From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 10. Noes 0.) (April 15). Re-referred to Com. on H. & C.D.
Effective date
Not listed

Plain English Breakdown

The bill summary and digest do not provide specific details about the amount of debt or projects that will use this funding, leaving these points as unknowns.

San Francisco Redevelopment Debt Rules

AB-2308 allows the successor agency in San Francisco to extend time periods for paying certain debts related to infrastructure required by the Transbay Implementation Agreement.

What This Bill Does

  • Allows the successor agency of San Francisco's former redevelopment agency to issue bonds or take on debt to finance infrastructure required by development agreements, including the Transbay Implementation Agreement.
  • Gives the successor agency permission to make deals with other groups like the Transbay Joint Powers Authority and the City and County of San Francisco to extend deadlines for paying certain debts.

Who It Names or Affects

  • The successor agency in San Francisco
  • People involved in development agreements, including the Transbay Implementation Agreement

Terms To Know

successor agency
A group that takes over responsibilities from a dissolved redevelopment agency.
Transbay Implementation Agreement
An agreement for development projects in San Francisco, including building infrastructure like roads and public spaces.

Limits and Unknowns

  • The bill only applies to the City and County of San Francisco.
  • It does not specify how much debt can be taken on or what specific projects will use this funding.

Bill History

  1. 2026-04-16 California Legislative Information

    From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 10. Noes 0.) (April 15). Re-referred to Com. on H. & C.D.

  2. 2026-03-09 California Legislative Information

    Referred to Coms. on L. GOV. and H. & C.D.

  3. 2026-02-20 California Legislative Information

    From printer. May be heard in committee March 22.

  4. 2026-02-19 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 2308, as introduced, Haney.
Redevelopment: successor agency debt: City and County of San Francisco.
Existing law dissolved redevelopment agencies and community development agencies as of February 1, 2012, and provides for the designation of successor agencies to, among other things, wind down the affairs of the dissolved redevelopment agencies and make payments due for enforceable obligations. Existing law, among other powers granted to successor agencies generally, additionally vests the successor agency to the former Redevelopment Agency of the City and County of San Francisco with the authority, rights, and powers of that former redevelopment agency solely for the purpose of issuing bonds or incurring other indebtedness, subject to the approval of the oversight board of the successor agency, to finance the construction of affordable housing and infrastructure required by specified development agreements, including the infrastructure required by the Transbay Implementation Agreement.
Under existing law, these bonds and indebtedness are considered indebtedness incurred by the dissolved redevelopment agency secured by moneys deposited in the Redevelopment Property Tax Trust Fund established for that agency.
This bill would specify this authority to issue bonds or incur other indebtedness to finance the infrastructure required by the Transbay Implementation Agreement includes entering into arrangements with the Transbay Joint Powers Authority and the City and County of San Francisco to extend the time period for pledges of gross sales proceeds and net tax increments.
This bill would make legislative findings and declarations as to the necessity of a special statute for the City and County of San Francisco.

Current Bill Text

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