California Revenue and Taxation Code

§ 96.18

RTC § 96.18 Effective Oct 10, 1999Div. 1 · Part 0.5 · Ch. 6 · Art. 2

Statute text

(a)(1) Notwithstanding any other provision of this chapter, the Auditor for the County of San Diego shall, in allocating ad valorem property tax revenues in accordance with subdivision (a) of Section 96.1 in each of the 1999–2000, 2000–01, and 2001–02 fiscal years, do both of the following:

(A)Decrease the total amount of ad valorem property tax revenue otherwise deemed allocated to the County of San Diego in the prior fiscal year by an amount, not to exceed three million dollars ($3,000,000), as specified in an ordinance or resolution as described in subdivision (b).

(B)Increase the total amount of ad valorem property tax revenue otherwise deemed allocated to the county free library in the prior fiscal year by an amount equal to the amount of the decrease required by subparagraph (A).

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Legislative history

Added by Stats. 1999, Ch. 824, Sec. 1. Effective October 10, 1999.