As we previously reported, the Redevelopment Dissolution Act (AB x1 26) dissolved all California redevelopment agencies as of February 1, 2012, and provided a complex scheme to wind down the affairs of the dissolved redevelopment agencies.
On June 27, 2012, Assembly Bill 1484 (AB 1484), a lengthy budget trailer bill, was adopted. This legislation imposes new requirements on successor agencies to the former redevelopment agencies and implements new rules of conduct with respect to the redevelopment dissolution process.
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