California Controller John Chiang released reports Tuesday finding unallowable transfers by the redevelopment agencies of Milpitas and Morgan Hill.

The transfers were made in the wake of the state government’s dissolution of all local redevelopment agencies, raising the possibility that the expiring RDAs would try to shift redevelopment assets to other city entities to keep them under city control.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.