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9A Page 16 3. Establishes a new five-month HUTA deferral window period for the months of November and December 2009, and January, February and March 2010. Repayment of these deferred revenues is scheduled within two business days of April 28, 2010. 4. Contains language that allows local govemments to temporarily use Prop 1 B Local Street and Road allocations for HUT A purposes. (Similar language was Included in the previous HUT A deferral legislation that the state adopted for cash flow purposes in 2008, AB X3 7, of 2008). 5. Contains language requested by the League that also allow local governments to temporarily use any available cash in local special funds. Local governments would obviously prefer that no there is no deferral of these revenues. However, the included language is preferred to existing law because it: . Repays the July and August deferrals; . Shortens the total deferral period from six months to five; . Provides an identified date for repayment that was not included in the previous language; and . Includes some additional flexibility for locals to use Prop 1 B revenues and special funds during the deferral window. Redevelopment Clean Up (AS 186/58 68): League staff has not yet been able to obtain a copy of language that will alter several provisions of the redevelopment legislation, AS X4 26 (Budget Committee). This bill diverted $2.05 billion of local redevelopment funds for state purposes. The changes to this legislation will supposedly clarify several aspects of the legislation including authorizing county auditors to use data from the most recent fiscal year available for purposes of allocating the reductions among agencies. Another clarification ensures that local agencies can use funds contained within existing low- and moderate- income housing funds to make required payments. Nothing In this proposal appears to have any bearing on the anticipated litigation that is expected to be filed soon by the California Redevelopment Association contesting the constitutionality of the proposed diversions of redevelopment funds for state purposes. 'Workshops' Continued from Page 1... The Legislature authorized California Communities to securitize property tax revenues owed to local agencies as a result of the suspension of protections enacted by the voters under Prop. 1 A in 2004. Securitization will enable impacted local agencies to receive 100 percent of the amounts due to them at the time at which they would otherwise be impacted by property tax shifts. Participation in the securitization program is free. The state is covering all associated costs. Webinar Details City officials will be interested in participating In one of the webinars hosted by California Communities next week on the Prop. 1A program. The webinars will be offered on: Thursday, Sept. 1 0, 10 a.m. - 12 p.m. You may register for this session at httos://www2.aotomeetina.comlreaister/614564218. Friday, Sept. 11, 10 a.m. - 12 p.m. You may register for this session at httos:/Iwww2.aotomeetina.comlreaister/575423939. The webinars are free but registration is required. Participants will receive an email confirmation with login instructions. Webinar participants will need to have the one of the following systems: . PC-based attendees: Windows@ 2000, XP Home, XP Pro. 2003 Server. or Vista. · Macintosh@-based attendees: Mac OS@ X 10.4 (Tiger@)) or newer. 3