Department of Finance
915 L Street
Sacramento, CA 95814

Redevelopment Successor Agency Dissolution

Health and Safety Code section 34187 (b) states, “When all of the debt of a redevelopment agency has been retired or paid off, the successor agency shall dispose of all remaining assets and terminate its existence within one year of the final debt payment.  When the successor agency is terminated, all passthrough payment obligations shall cease and no property tax shall be allocated to the Redevelopment Property Tax Trust Fund for that agency.”

If a successor agency (Agency) believes they are ready to dissolve, it is requested that the Agency send a letter to the Department of Finance (Finance) indicating that all of the former RDA’s debts have been paid off, any remaining funds have been remitted to the county auditor-controller for distribution to the local taxing entities, and disposal of all remaining non cash assets has occurred.  Finance will send a letter acknowledging the end of your existence and Finance will cease all future communication with the designated contacts.

If you have you have any additional questions related to this topic please email Finance at:

Redevelopment_Administration@dof.ca.gov.

Former RDAs That Have Been Completely Dissolved

Webpage last updated January 28, 2013