ABx1 26 — Redevelopment

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Sacramento, CA 95814

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ABx1 26 — Redevelopment

ABx1 26 Redevelopment Agency Dissolution

This webpage contains links to various documents and information designed to assist parties in administering the provisions of ABx1 26. These webpages may be updated at any time.

The information provided on these webpages is instructional guidance only, based upon the Department’s interpretation of ABx1 26 and recent court decisions. The information on these webpages does not contain any legal advice. For legal advice, please seek advice from an independent attorney.

Because the timeframes for dissolution activities may become very compressed, the Department of Finance and the State Controller will be allocating many different employees to work on aspects of the law’s implementation. It is not possible to promise access to specific individuals nor to arrange in-person meetings to conduct most of the work we need to do in a timely fashion. Therefore we have created the contact points below that are shared by this staff.

Contact Information:

To contact the staff who are reviewing obligation payment schedules and other aspects of implementation of ABx1 26, please e-mail:

email redevelopment_administration@dof.ca.gov
Or call (916) 445-1546

Persons wishing to report actions taken by Successor Agencies, such as questionable payments or asset transfers, are encouraged to send an e-mail with pertinent details to the following address:

email redevelopment_hotline@dof.ca.gov

We encourage redevelopment agencies and their successors to immediately begin work on Recognized Obligation Payment Schedules (ROPS) and in organizing the oversight board. Please forward the names and contact information (as required by Sec. 34179 (h)for the oversight board and the successor agency to the above e-mail address as soon as possible. Please forward the ROPS and any supporting documents to the e-mail address above. If documents are very voluminous, please call and we will discuss other delivery options.

Department of Finance and State Controller Overlapping Responsibilities:

Department of Finance and the State Controller have some overlapping responsibilities and authorities under this statute. We intend to exercise them jointly to the extent possible. Both Controller and Finance staff will be reviewing enforceable obligation schedules and jointly determining which items to review in more detail and make objections to. To the extent we are able to agree, we will provide joint determinations. But both agencies reserve the right to take independent actions.

Agencies should expect to be contacted by phone and e-mail for more information and to answer questions from Finance and Controller employees. We expect that field audits may be necessary in some cases.

The State Controller is authorized to recover its costs for activities under this statute from redevelopment property tax. It is our intent to fund their work from this source.

Bond Questions:

We are aware of some questions that have been raised by many in the financial community with regard to redevelopment agency bonds. The document linked to below provides Department of Finance views on the content of ABx1 26 that applies to these issues. While we cannot answer every specific question in this document, we will endeavor to provide guidance if provided with sufficient information. Please forward your questions to the e-mail and phone numbers noted above.

Common Dissolution Questions:

We are also aware of several questions that have been asked with regard to specific dissolution issues not directly related to bonds. The document linked below has questions and answers to common issues. While we cannot answer every specific question in this document, we will endeavor to provide guidance if provided with sufficient information. Please forward your questions to the e-mail and phone numbers noted above.