California Revenue and Taxation Code

§ 97.37

RTC § 97.37 Effective Oct 8, 1997Div. 1 · Part 0.5 · Ch. 6 · Art. 3

Statute text

(a)Notwithstanding any other provision of this chapter, for the 1994–95 fiscal year and each fiscal year thereafter, the amount of property tax revenue deemed allocated in the prior fiscal year to a county free library system, or a library established as an independent special district, shall not be reduced for purposes of increasing the amount of property tax revenue to be allocated to another jurisdiction. This section does not apply to any adjustments in property tax allocations made pursuant to Section 19116 of the Education Code.

(b)(1) This section shall not be construed to preclude allocations of ad valorem property tax revenue to a county’s Educational Revenue Augmentation Fund, rather than to a county free library system or a library established as an independent special district, that are required by the application to a library system or library district, as so described, of Sections 97.2 and 97.3. The Legislature finds and declares that this paragraph does not constitute a change in, but is declaratory of, existing law.

(2)This section does not apply to any adjustments in property tax allocations made pursuant to Section 19116 of the Education Code.

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Legislative history

Amended by Stats. 1997, Ch. 786, Sec. 1. Effective October 8, 1997.