Supported by the League, Assembly Speaker Toni Atkin’s (D-San Diego) bill makes several helpful changes affecting the redevelopment dissolution process.
The bill makes the following two changes to existing law:
Shifts the existing statutory deadline from Jan. 1, 2015, to Jan. 1, 2016, for the Department of Finance (DOF) to approve Long Range Property Management Plans. These plans are required to be approved within six months of DOF issuing a successor agency a finding of completion. The concern arose that because not all successor agencies have received these findings of completion, delays by DOF could jeopardize the ability of some agencies to get their plans approved. Moving this deadline by a year addresses this concern.
Repeals the requirement of the Controller to review assets that may have been transferred after Jan. 31, 2012, between a successor agency and city, county or city and county that created the former redevelopment agency. The Controller’s review of asset transfers is considered duplicative of previous similar oversight board and DOF reviews, so removing this additional requirement will avoid delays and allow communities to move forward.
The chaptered law
is available online. The League appreciates the continued efforts of Speaker Atkins to assist local agencies on redevelopment dissolution related issues.