Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2011
 

Revenue and Taxation Code

Property Taxation

Part 0.5. Implementation of Article XIII A of the California Constitution

Chapter 6. Allocation of Property Tax Revenue

Article 2. Basic Revenue Allocations

Section 96.16

96.16. County of Orange allocations. (a) Notwithstanding any other provisions of this chapter, in the County of Orange, for the 1996–97 fiscal year, the amount of property tax revenue deemed allocated in the prior fiscal year to a flood control district or a harbors, beaches and parks fund shall be reduced by four million dollars ($4,000,000) each, and the amount of property tax revenue deemed allocated in the prior fiscal year to the county shall be increased by an amount equal to the combined amount of those reductions. For each of the 1997–98 to 2015–16 fiscal years, inclusive, the auditor shall allocate property tax revenues in those amounts that fully reflect the modifications required by the preceding sentence.

(b) For the 2016–17 fiscal year and each fiscal year thereafter, the auditor shall allocate property tax revenues in those amounts that would be determined if subdivision (a) had not applied to any prior fiscal year.

(c) This section shall not take effect unless and until (1) a plan of adjustment is confirmed in Case No. SA-94-22272-JR in the United States Bankruptcy Court for the Central District of California or (2) a trustee is appointed pursuant to Chapter 10 (commencing with Section 30400) of Division 3 of Title 3 of the Government Code.

History.—Added by Stats. 1995, Ch. 745, in effect January 1, 1996.

Note.—Section 6 of Stats. 1995, Ch. 745 provided the following:

"(a) In implementing Section 96.16 of the Revenue and Taxation Code, the County of Orange shall not adversely affect Santa Ana River flood control projects.

(b) If any of the revenues from the property tax reallocation specified in Section 33670.9 of the Health and Safety Code or Section 96.16 of the Revenue and Taxation Code are not forthcoming, the County of Orange shall use county general fund moneys to cover any resulting shortfall, as necessary."

Sec. 7 thereof provided that county revenues in the amount of the revenues allocated, transferred to, or deposited with, the County of Orange pursuant to the provisions of this act, shall not be used or expended for any purpose other than the satisfaction in full, adequate provision for the satisfaction in full, or other consensual treatment of the outstanding and allowed claims of county vendors, employees, holders of short-term debt of the county, holders of certificates of participation of the county on account of past due lease obligations, holders of expenses of administration in the county's bankruptcy case, or costs and expenses ancillary to the satisfaction of these claims, and otherwise to perform the county's obligations pursuant to a confirmed plan of adjustment.