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Redevelopment Assets Ordered Returned by State Controller

By Geoffrey Robinson on June 3, 2012
Posted in Uncategorized

Last year’s bill eliminating redevelopment agencies, AB x1-26,  has created massive headaches for successor agencies as they attempt to unwind years of complex financial transactions. For many of them, the headache just got worse.  On April 20, the State Controller issued an unconditional order that all assets transferred from a redevelopment agency to any…

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