FINAL REPORT - San Bernardino Superior Court

Section 5: SCLAA Bond Expenditures
Restrictions on Use of Tax Revenue Raised on GAFB Parcels
As illustrated in Chart 5.1 below, the VVEDA JPA requires that all tax increment revenues from
the GAFB parcels be allocated for use on GAFB with the understanding that Victorville, acting
as the SCLAA Board, shall set aside 20 percent of these revenues for low and moderate-income
housing purposes.
Restrictions on Use of Tax Revenue Raised in Member Jurisdictions’ Territories
As illustrated in Chart 5.2 below, the VVEDA JPA places several stipulations on the allocation
of tax increment revenue that is raised within individual member jurisdictions’ territories of the
VVEDA project area. The VVEDA JPA specifically states that:
• The first 20 percent of participating jurisdictions’ tax increment revenues shall be set
aside for low and moderate income housing purposes and will be allocated for use by
each member jurisdiction in its own portion of the VVEDA project area.
VVEDA JPA Stipulations on Use of “Net Revenues”
As illustrated in Chart 5.2 below, the VVEDA JPA states that the tax revenues raised from
within individual member jurisdictions’ territories, after the first 20 percent is allocated to low
and moderate income housing, shall be referred to as the “net revenues.” The VVEDA JPA
places the following stipulations on net revenues:
• 40 percent of net revenues shall be allocated solely for use on the GAFB parcels;
• 40 percent of net revenues shall be allocated for use in the originating member’s territory
within the VVEDA project area;
• 20 percent of net revenues shall be placed into a separate reimbursement fund of the
VVEDA and shall be paid out annually at the commencement of each fiscal year for
eligible reimbursements to each member in proportion to the outstanding balance of any
prior contributions. After such reimbursements are made, such moneys may be used to
reimburse member contributions.
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Harvey M. Rose Associates, LLC