Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2015
 

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 deletionthe Senior Citizens and Disabled Citizens Property Tax Postponement Fund.

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. Stats. 2014, Ch. 703 (AB 2231), in effect September 28, 2014, substituted "the Senior Citizens and Disabled Citizens Property Tax Postponement Fund" for "an impound account for a period of six months" after "placed in" in the first sentence and deleted the former second sentence which provided that the Controller release the state’s lien pursuant to Government Code Section 16186.

* 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.