Article 4.4. Forgiveness Of Debts And Loan of California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 4. >> Article 4.4.
(a) Before an agency or a public body forgives the
repayment, wholly or partially, of a loan, advance, or indebtedness
that is owed by a public body to the agency or an agency to the
public body, the agency or public body forgiving the repayment shall
adopt a resolution that states its intention to forgive the
repayment.
(b) The resolution shall specify all of the following:
(1) The name of the public body or agency.
(2) The amount of the proposed forgiveness.
(3) The terms of the loan, advance, or indebtedness.
(4) The fiscal effect of the proposed forgiveness on the public
body.
(5) The fiscal effect of the proposed forgiveness on the agency.
(6) The date on which the agency or public body intends to act on
the proposed forgiveness which shall be no less than 15 days after
the adoption of the resolution.
(c) The adoption of the resolution and the action that forgives
repayment shall not be placed on the agency's or public body's
consent calendar, but shall be adopted by a recorded rollcall vote.
(a) On or before February 1, 2012, an agency or public
body shall adopt a resolution that declares whether or not it has
forgiven, during the period of time commencing January 1, 2010,
through December 31, 2011, the repayment, wholly or partially, of a
loan, advance, or indebtedness that has been owed by a public body to
the agency or an agency to the public body.
(b) The resolution shall specify all of the following:
(1) The name of the public body or agency.
(2) The amount of the forgiveness.
(3) The terms of the loan, advance, or indebtedness.
(4) The fiscal effect of the proposed forgiveness on the public
body.
(5) The fiscal effect of the proposed forgiveness on the agency.
(c) No less than 10 days after the adoption of the resolution, the
agency or public body shall transmit a copy of the resolution to the
legislative body and the Controller.