Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Government Code Provisions
Provisions Relating to the Levy and Collection of Municipal Taxes by Counties and County Officers
PART 2. POWERS AND DUTIES EXERCISED JOINTLY BY CITIES AND COUNTIES
Chapter 1. Transfer of City Functions*
Article 1. General
51307. Pension money. The board of supervisors shall hold separately in trust pension money or property taken over by it from the city under the contract and all earnings, increases, and additions to such funds. The money or property shall be expended solely for the payment of the city's portion of such pensions and incidental administrative expenses.
* The provisions of this chapter, except as otherwise noted, were added by Stats. 1949, p. 277, in effect October 1, 1949.