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To: Memo to Successor Agency Clients <br />From: Susan E. Bloch <br />Re: AB 1484— Redevelopment Budget Trailer Bill <br />Date: July 5, 2012 <br />Page: 7 <br />Five business days after final determination <br />Successor Agency must pay the Housing Fund balance to the <br />County Auditor - Controller for distribution to the taxing <br />entities. <br />4. Non- Housinu Fund Review Deadlines. <br />December 15, 2012 Deadline for determination of the non - housing fund balance <br />and submittal to the Oversight Board, the County Auditor - <br />Controller, the State Controller and the Department of Finance. <br />January 15, 2013 Deadline for Oversight Board to hold a public hearing on the <br />non- housing audit and submit its findings to DOF. Oversight <br />Board may authorize Successor Agency to retain restricted and <br />obligated funds and assets. <br />April 1, 2013 Deadline for DOF review of Oversight Board findings. <br />Five business days after DOF determination <br />Successor Agency may contest DOF findings and request a <br />meet and confer on the non - housing fund review by not later <br />than 5 business days after the DOF determination. <br />Thirty days after request for meet and confer <br />If a meet and confer is requested, DOF has 30 days to confirm <br />or modify its determination. <br />Five business days after final determination <br />Successor Agency must pay the non - housing fund balance to <br />the County Auditor - Controller for distribution to the taxing <br />entities. <br />ld. <br />A PROFESSIONAL LAW CORPORATION OAKLAND LOS ANGELES SACRAMENTO SAN FRANCISCO SANTA ROSA FRESNO <br />