Calif. Redevelopment Agencies — Abolished

Law360, New York (August 5, 2011, 6:26 PM EDT) -- On June 29, 2011, Gov. Edmund G. Brown signed ABx1 26 into law, fulfilling his promise to abolish California’s nearly 400 redevelopment agencies (the “RDAs”) as part of his 2011-2012 budget. In conjunction with ABx1 26 (the “RDA Abolition Bill”), the governor signed ABx1 27 (the “Opt-In Program”), through which RDAs wishing to continue their redevelopment activities may do so upon making certain voluntary payments to the state.

The governor’s budget office predicts that elimination of the RDAs will redirect $1.7 billion from the RDAs to the...
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