California Revenue and Taxation Code

§ 20822

RTC § 20822 Effective Jan 1, 2012Div. 2 · Part 10.6 · Ch. 3

Statute text

Each participating county shall establish a Property Tax Deferral Fund within its treasury. Expenditures from this fund shall be for the sole purposes of making property tax deferment subvention payments pursuant to subdivision (c) of Section 20811 and offsetting the county’s administrative costs, as described in Section 20820.

Legislative history

Added by Stats. 2011, Ch. 369, Sec. 3. (AB 1090) Effective January 1, 2012.