City of Fountain Valley v. Bosler CA3
This appeal arises from the dissolution of redevelopment agencies. The Department of Finance disallowed a $5.7 million transfer which a former redevelopment agency made to its sponsoring entity, the City of Fountain Valley. The City claimed the Department erred because the transfer was required and authorized by statute, and, as a result, the transfer was an “enforceable obligation” which the Department could not invalidate. The trial court disagreed with the City’s arguments, as do we. We affirm.
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