California Supreme Court to Hear Redevelopment Case; Grants Partial Stay
We'll have more soon, but I wanted to report quickly that the California Supreme Court announced today that will assert jurisdiction over the CRA's lawsuit involving the constitutionality of AB 26 X1 and AB 27 X1, the bills involving the dismantling of California's redevelopment agencies.
The Court also announced a partial stay of the legislation while it considers the case. A news release by the Judicial Council of California describes the scope of the Court's stay as follows:
The court allowed the first statute [the one that eliminates redevelopment agencies] to remain in effect insofar as it precludes existing redevelopment agencies from incurring new indebtedness, transferring assets, acquiring real property, entering into new contracts or modifying existing contracts, entering into new partnerships, adopting or amending redevelopment plans, etc., but it stayed enforcement of both statutes in all other respects.
The Court also indicated that it intends to make a final decision by mid-January 2012.
We will have a more detailed analysis in the next day or two.
