Refunding Redevelopment Debt: New Challenges
September 12, 2013
10:00am-11:45am (Pacific Time)
Following the dissolution of redevelopment agencies in California, Assembly Bill (AB) X1 26 (Chapter 5, 2011) transferred to successor agencies the obligation imposed by debt issued by redevelopment agencies — an amount approaching $30 billion. Assembly Bill 1484 (Chapter 26, 2012) provided some opportunities for successor agencies to benefit from lower interest rates or to restructure these obligations by refunding outstanding bonds. AB 1484 did not address all of the challenges presented by a refunding. This webinar considers the complexities that remain as successor agencies consider refunding outstanding redevelopment debt.