Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2017
Integrated Waste Management Fee Law
Revenue and Taxation Code
Chapter 4. Collection of Fee
Article 4. Seizure and Sale
45554. Disposition of proceeds. If, after the sale, the money received exceeds the amount of all fees, penalties, and costs due the state from the fee payer, the board shall return the excess to him or her and obtain his or her receipt. If any persons having an interest in or lien upon the property files with the board prior to the sale notice of his or her interest, the board shall withhold any excess pending a determination of the rights of the respective parties to the excess moneys by a court of competent jurisdiction. If the receipt of the fee payer is not available, the board shall deposit the excess moneys with the Controller, as trustee for the owner, subject to the order of the fee payer, his or her heirs, successors, or assigns.
History.—Stats. 1996, Ch. 860, in effect January 1, 1997, substituted "to the excess moneys" for "thereto" after "the respective parties" in the second sentence and substituted "Controller" for "Treasurer" after "moneys with the" in the last sentence.