Laserfiche WebLink
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: 14 <br />actions taken after January 1, 2011. AB 1484 provides that this time period extends <br />until DOF issues a Finding of Completion. Once a Finding of Completion is issued, <br />the challenge period reverts to the 90 -day period that was in effect prior to ABx1 26. <br />11. Refunding Bonds. AB 1484 provides increased flexibility permitting the issuance of <br />refunding bonds in order to reduce financing costs, subject to Oversight Board <br />approval. <br />12. Oversight Board Actions. Oversight Board actions must be taken by resolution. <br />Written notice of all Oversight Board actions must be provided to DOF in the manner <br />prescribed by DOF . Oversight Board actions are not effective for five business days <br />pending a DOF request for review, and DOF has a 40 -day period to conduct review if <br />requested . 66 <br />SEB:SB <br />1928648.3 <br />63 Section 34177.5. <br />G Section 34179(e). <br />65 Sections 34179(h). <br />66 Id <br />A PROFESSIONAL LAW CORPORATION OAKLAND LOS ANGELES SACRAMENTO SAN FRANCISCO SANTA ROSA FRESNO <br />