(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.
Source:
Section 34170.5, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=34170.5..