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from taxes upon the taxable property in the project shall be paid into the funds of the respective taxing agencies as taxes on all other property are paid; and C. That portion of the taxes identified in subsection B, which are attributable to a tax rate levied by any of said taxing agencies for the purpose of providing revenues in an amount sufficient to make annual repay- ments of the principal of, and the interest on, any bonded indebtedness for the acquisition or improvement of real property shall be allocated to, and when collected shall be paid into, the fund of that taxing agency. This paragraph shall only apply to taxes lev- ied to repay bonded indebtedness approved by the voters of said taxing agency or agen- cies on or after January 1, 1990. D. That portion of tax revenues allocat- ed to the agency pursuant to subsection B which is attributable to increases in the rate of tax imposed for the benefit of any affect- ed taxing agency whose levy occurs after the tax year in which the ordinance adopting this plan becomes effective, shall be allocat- ed to such affected taxing agency to the ex- tent the affected taxing agency has elected in the manner required by law to receive such allocation. Any advanced moneys are hereby irrevo- cably pledged for the payment of the princi- pal of and interest on the advance of mon- eys, or making of loans, or the incurring of any indebtedness (whether funded, refunded, assumed, or otherwise) by the agency to fi- nance or refinance the project in whole or in part. The agency is authorized to make such pledges as to specific advances, loans and indebtedness as appropriate in carrying out the project. Taxes shall be allocated and paid to the agency consistent with the provisions 2.32.020 of this plan only to pay the principal of and interest on loans, moneys advanced to, or indebtedness (whether funded, refunded, assumed or otherwise) incurred by the agen- cy to finance or refinance, in whole or in part, the project. E. The number of tax dollars which may be divided and allocated to the agency pur- suant to California Health and Safety Code Section 33670 shall not exceed two billion, six hundred fifty million dollars ($2,650,000,000.00) except by amendment of this plan. F. No loan, advance or indebtedness to finance in whole or in part the project and payable in while or in part from tax incre- ment revenues shall be established after a date twenty (20) years from the effective date of the ordinance approving and adopt- ing this plan. This limit, however, shall not prevent incurring debt to be paid from the low- and moderate -income housing fund or establishing more debt in order to fulfill the agency's housing obligations in accordance with state law. Such time limitation may be extended only by amendment of this plan and in accordance with state law. Pursuant to Section 33333.2 of the Health and Safety Code, such loan, advance or indebtedness must be repaid no later than July 11, 2044, fifty-one (51) years from the effective date of the ordinance approving and adopting this plan. This limitation shall not apply to cer- tain affordable housing activities as con- tained in state law. G. The amount of tax allocation bonded indebtedness issued pursuant to Section 33640 et seq., of the Health and Safety Code, exclusive of other agency subordinat- ed contractual obligations, other forms of indebtedness of the agency to the city which can be outstanding at anyone time shall not 83 (San Leandro Redevelopment Agency Supp. No. 2, 12-05)