Section 33671.5 Of Article 6. Taxation From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 6. >> Article 6.
33671.5
. Whenever any redevelopment agency is authorized to, and
does, expressly pledge taxes allocated to, and paid into a special
fund of, the agency pursuant to Section 33670, to secure, directly or
indirectly, the obligations of the agency including, but not limited
to, bonded indebtedness and agreements pursuant to subdivision (b)
of Section 33401, then that pledge heretofore or hereafter made shall
have priority over any other claim to those taxes not secured by a
prior express pledge of those taxes.