Welcome to the Department of Finance’s Redevelopment Agency (RDA) Dissolution Website. This website will serve as the primary conduit for the Department of Finance to share information related to the redevelopment dissolution legislation and communicate with successor agencies, who are responsible for overseeing the winding down at the local level, and county auditors-controllers, who are charged with property tax distribution. Please visit this website frequently as information is regularly updated.
As part of the 2011 Budget Act, and in order to protect funding for core public services at the local level, the Legislature approved the dissolution of the state’s 400 plus RDAs. After a period of litigation, RDAs were officially dissolved as of February 1, 2012. As a result of the elimination of the RDAs, property tax revenues are now being used to pay required payments on existing bonds, other obligations, and pass-through payments to local governments. The remaining property tax revenues that exceed the enforceable obligations are now being allocated to cities, counties, special districts, and school and community college districts, thereby providing critical resources to preserve core public services.
To help facilitate the winding down process at the local level, Successor Agencies have been established to manage redevelopment projects currently underway, make payments on enforceable obligations, and dispose of redevelopment assets and properties. Each Successor Agency has an oversight board that supervises its work. The oversight board is comprised of representatives of the local agencies that serve the redevelopment project area: the city, county, special districts, and K-14 educational agencies. Oversight Board members have a fiduciary responsibility to holders of enforceable obligations, as well as to the local agencies that would benefit from property tax distributions from the former redevelopment project area.
You can contact the Department of Finance’s Local Government Unit, which is responsible for implementation of ABx1 26 and AB 1484, in the following manner:
- Phone: (916) 445-1546
- Recognized Obligation Payment Schedules
Provides information related to the ROPS component of the RDA dissolution and makes available standardized forms that are to be used by successor agencies when submitting ROPS information to the Department of Finance.
- True-Up Process
Provides information related to the True-Up process and the reporting of the distribution of funding distributed to local tax entities by the county auditor-controller.
- Housing Assets Information
Provides information related to the Housing Assets component of the RDA dissolution and makes available standardized forms that are to be used by housing entities, who assumed the housing functions of the former RDA, when submitting housing asset information to the Department of Finance.
- Low and Moderate Income Housing Fund and Other Assets Due Diligence Reviews
Provides information related to the due diligence reviews that are required to be submitted to the Department of Finance.
- Meet and Confer
Provides information related to the “Meet and Confer” process.
- Asset Liquidation
Provides information related to the liquidation of former RDA assets.
Provides information related to the Department of Finance’s views on questions that have been raised by many in the financial community with regard to RDA bonds.
Provides information related to redevelopment dissolution legislation and the Supreme Court’s ruling in the case of RDAs vs. Matosantos.
- Common RDA Dissolution Questions and Answers
Provides information related to commonly asked questions or areas not otherwise covered in other topics.
Webpage last updated August 15, 2012