From Auitor-LACounty.gov - On June 29, 2011, the Governor signed ABx1 26 (the RDA Dissolution Bill) into law, adding Parts 1.8 and 1.85 to the Health and Safety Code. On December 29, 2011, the California Supreme Court released its decision in California Redevelopment Association et. al. v. Matosantos, upholding ABx1 26.
As a result, effective February 1, 2012, all RDAs and community development agencies were dissolved, and successor agencies, as defined by the law, were required to be appointed to oversee the distribution of tax proceeds that would have been paid to the RDAs. The successor agency is the sponsoring community of the RDA, unless it elects not to serve in that capacity. In that case, pursuant to California Health and Safety Code Section 34173, the successor agency will be the first taxing entity submitting a duly adopted resolution to the County Auditor-Controller electing to become the successor agency. The successor agencies have various legal requirements imposed on them by ABx1 26, and their actions are subject to the review of oversight boards, which are also created by the new law.
For additional information, contact the Community Development Department (310) 973-3230.