BILL NUMBER: AB 1510INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Nazarian JANUARY 14, 2014 An act relating to local government. LEGISLATIVE COUNSEL'S DIGEST AB 1510, as introduced, Nazarian. Local government: at-risk properties: retrofit: lowered assessment values. Existing law authorizes an owner of any qualified historical property, as defined, to contract with the legislative body of a city, county, or city and county, to restrict the use of the property in exchange for lowered assessment values. This bill would state the intent of the Legislature to enact similar legislation that authorizes an owner of any at-risk property to contract with the legislative body of a city, county, or city and county, to retrofit the at-risk property in exchange for lowered assessment values. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation that authorizes an owner of any at-risk property to contract with the legislative body of a city, county, or city and county, to retrofit the at-risk property in exchange for lowered assessment values.