Santa Cruz County has said it may have to draw on bond reserves to make a Sept. 1 debt service payment for redevelopment bonds if it is forced to make the payments of former redevelopment tax money as outlined by California.

The county said the state's calculation that it owes $11.5 million of tax increment from the "successor agency" to the county's former redevelopment agency and the penalties resulting from non-payment could force it to use reserves to pay debt service, according to a filing to the Municipal Securities Rulemaking Board's online EMMA system.

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