Calif.'s Post-Redevelopment Agency Landscape

Law360, New York (March 14, 2012, 2:03 PM EDT) -- On Dec. 29, 2011, the California Supreme Court upheld legislation that fundamentally changes redevelopment law in California. The court upheld Assembly Bill X1 26 (AB 26), eliminating all redevelopment agencies in California, while overturning Assembly Bill X1 27 (AB 27), which would have allowed redevelopment agencies to continue operations if the agencies made certain payments to the state. As a result, all of California's approximately 400 redevelopment agencies dissolved as of Feb. 1, 2012, without the option to make payments to the state to continue operations....
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