Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

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 3. Revenue Allocation Shifts for Education

Section 97.38

97.38. Computations; Marin County and Mono County community college districts. Notwithstanding any contrary provision in paragraph (4) of subdivision (d) of Section 97.3, for the County of Marin, commencing with the 1993–94 fiscal year, and for the County of Mono, commencing with the 1994–95 fiscal year, if, after making the allocations pursuant to paragraph (2) of subdivision (d) of Section 97.3 as required by subparagraph (A) of paragraph (4) of subdivision (d) of Section 97.3 and after making the allocation pursuant to subparagraph (B) of paragraph (4) of subdivision (d) of Section 97.3, the auditor determines that each community college district located entirely within that county is an excess school tax entity as defined in subdivision (n) of Section 95, the auditor shall then apply any remaining funds to decrease the amounts of those reductions calculated pursuant to Section 97.3 with respect to the county, cities, and special districts in proportion to the amount of the reduction otherwise calculated under Section 97.3 for each of those agencies.

History.—Stats. 1995, Ch. 308, in effect August 3, 1995, added "of subdivision (d) of Section 97.3" after "paragraph (2)", added "subparagraph (A) of" after "as required by", and added "of subdivision (d) of Section 97.3 and after making the allocation pursuant to subparagraph (B) of paragraph (4) of subdivision (d) of Section 97.3" after "paragraph (4)". Stats. 1995, Ch. 500, in effect Oct. 4, 1995, deleted "and" after "Section 97.3" and deleted "only" after "Marin" in the first sentence; added "and for the County of Mono . . . fiscal year," after "1993–94 fiscal year,"; substituted "decrease" for "reduce" after "remaining funds to"; and substituted "Section 97.3" for "this section" twice, after "pursuant to" and after "calculated under".