Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Government Code Provisions

Provisions Relating to Property Tax Relief

DIVISION 4. FISCAL AFFAIRS

PART 1. FUNDS FOR SUBVENTIONS

Chapter 5. Payment of Postponed Property Taxes*

Article 4. Impound Accounts

Section 16210

16210. Payment by reason of condemnation. In the event that the amount secured by the state's lien provided for in Article 1 (commencing with Section 16180) is paid by reason of the sale or condemnation of the property on which the lien attaches, the funds so received shall be placed in an impound account for a period of six months. In connection with the establishment of such an account, the Controller shall release the state's lien in the manner prescribed by Section 16186.

History.—Stats. 1978, Ch. 43, in effect March 16, 1978, added "sale or" after "reason of the" and substituted "6 months" for "18 months" in the first sentence, and added the second sentence. Stats. 1982, Ch. 454, in effect January 1, 1983, deleted "of this chapter" before "is paid" and substituted "six" for "6" before "months" in the first sentence.

* Chapter 6 was enacted by Stats. 1977, Ch. 1242, in effect October 1, 1977, and was renumbered as Chapter 5 by Stats. 1982, Ch. 454, in effect January 1, 1983.