California Revenue and Taxation Code

§ 97.73

RTC § 97.73 Effective Jan 1, 2006Div. 1 · Part 0.5 · Ch. 6 · Art. 3

Statute text

Notwithstanding any other provision of law, for each of the 2004-05 and 2005-06 fiscal years, all of the following apply:

(a)(1) (A) The total amount of ad valorem property tax revenue, other than those revenues that are pledged to debt service, otherwise allocated for each of those fiscal years to each nonenterprise special district shall be reduced by 10 percent of the amount of ad valorem property tax revenue of the district for the 2001-02 fiscal year, as reported in the 2001-02 edition of the State Controller’s Special Districts Annual Report.

(B)(i) Notwithstanding subparagraph (A), for the Laguna Niguel Community Service District in the County of Orange, the reduction described in subparagraph (A) shall be 4 percent rather than 10 percent.

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Legislative history

Amended by Stats. 2005, Ch. 602, Sec. 1. Effective January 1, 2006.