Cal. Code Regs. tit. 2 § 1115.8
Current through Register 2024 Notice Reg. No. 41, October 11, 2024
At the option of the redevelopment agency, such costs may be accounted for as (1) period charges or (2) Investments--Land and Improvements Held for Disposal. If an agency elects to use option (2) such investments will be stated at lower of cost or market value. In addition Annual Reports of Financial Transactions submitted to the State Controller will include an analysis of changes in the investments account balance. Such analysis shall be in the format and contain the information required by the State Controller.
Cal. Code Regs. Tit. 2, § 1115.8