Section 34170.5 Of Chapter 1. Effective Date, Creation Of Funds, And Definition Of Terms From California Health And Safety Code >> Division 24. >> Part 1.85. >> Chapter 1.

. (a) The successor agency shall create within its treasury a Redevelopment Obligation Retirement Fund to be administered by the successor agency.
  (b) The county auditor-controller shall create within the county treasury a Redevelopment Property Tax Trust Fund for the property tax revenues related to each former redevelopment agency, for administration by the county auditor-controller.