California Government Code

§ 16180

GOV § 16180 Effective Jan 1, 2019Div. 4 · Title 2 · Part 1 · Ch. 5 · Art. 1

Statute text

(a)There is hereby created in the State Treasury a Senior Citizens and Disabled Citizens Property Tax Postponement Fund. The fund shall be an interest-bearing fund. Subject to subdivision (b) and notwithstanding Section 13340, the fund is continuously appropriated to the Controller, commencing January 1, 2015, for purposes of administering this chapter, including, but not limited to, necessary administrative costs and disbursements relating to the postponement of property taxes pursuant to Chapter 2 (commencing with Section 20581), Chapter 3 (commencing with Section 20625), Chapter 3.3 (commencing with Section 20639), and Chapter 3.5 (commencing with Section 20640) of Part 10.5 of Division 2 of the Revenue and Taxation Code.

(b)The Controller shall do all of the following:

(1)On June 30, 2017, transfer any moneys in the fund in excess of twenty million dollars ($20,000,000) to the General Fund.

…

Legislative history

Amended by Stats. 2018, Ch. 896, Sec. 1. (SB 1130) Effective January 1, 2019.