California Government Code

§ 51243.6

GOV § 51243.6 Effective Jan 1, 2003Div. 1 · Title 5 · Part 1 · Ch. 7 · Art. 3

Statute text

The Legislature finds and declares the following:

(a)The enforceability of contracts entered into pursuant to this article is necessary to permit the preferential taxation provided to the owners of land under contract, pursuant to Section 8 of Article XIII of the California Constitution.

(b)The option granted to a city pursuant to Section 51243.5 to elect not to succeed to a contract may be held only by the city.

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Legislative history

Added by Stats. 2002, Ch. 188, Sec. 2. Effective January 1, 2003.