Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Additional Government Code Provisions

Provisions Relating to Historical Property Contracts

Historical Property Contracts

Article 12. Historical Property Contracts*

Section 50288

50288. Acquisition by eminent domain. In the event that property subject to contract under this article is acquired in whole or in part by eminent domain or other acquisition by any entity authorized to exercise the power of eminent domain, and the acquisition is determined by the legislative body to frustrate the purpose of the contract, such contract shall be canceled and no fee shall be imposed under Section 50286. Such contract shall be deemed null and void for all purposes of determining the value of the property so acquired.

History.—Stats. 1974, Ch. 544, p. 1252, in effect January 1, 1975, corrected clerical error.

* Article 12 was added by Stats. 1972, p. 3159, in effect March 7, 1973.