City of Fresno v. Dept. of Finance CA3
California laws dissolving redevelopment agencies (RDAs) and providing for their winding-down also provided that loans from a city to its former RDA were unenforceable. (Health & Saf. Code, § 34171, subd. (d)(2).) But some loans to a former RDA may be reinstated and paid if they were “loans for money” with a “required repayment schedule.” (§ 34191.4, subd. (b)(2)(A).)
In this case, the Department of Finance (Finance) disapproved reinstatement of 13 loans from the City of Fresno (Fresno) to its former RDA. However, the trial court granted Fresno’s petition for writ of mandate, finding the loans could be reinstated under section 34191.4, subdivision (b).
Finance now contends the loans cannot be reinstated because (1) the loans were not “loans for money,” and (2) there was no “required repayment schedule” for the loans.
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