As part of the dissolution of redevelopment the legislature created 2 entities, the Successor Agency and the Oversight Board to the Successor Agency. The Successor Agency Board is charged with managing the wind down of the former redevelopment agency and the Oversight Board has the duty to oversee the decisions of the Successor Agency Board. The State Department of Finance has the final say on matters dealing with the funds and assets of the former redevelopment agency. The Oversight Board consists of 7 members, appointed by entities as prescribed by state law.
The Oversight Board transitioned to the Orange Countywide Oversight Board on July 1st, 2018.