Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 4. Levy of Tax

Chapter 3. Reimbursement for Costs Mandated by the State

Article 3. Method of Providing Reimbursement Revenue for Costs Mandated by State*

Section 2243

2243. Periods for which reimbursement estimates to be prepared. The estimate required by Section 2242 shall be the amount estimated to be required during the first fiscal year of a bill's operation in order to reimburse local agencies and school districts, pursuant to Section 2229 or 2230, for lost revenue mandated by the bill. In the event that the operative date of such a bill does not begin on July 1, the estimate shall also include the amount estimated to be required for reimbursement for the next following full fiscal year.

History.—Added by Stats. 1975, Ch. 486, effective September 2, 1975. Stats. 1986, Ch. 879, effective January 1, 1987, substituted "or 2230" for ", 2230, or 2231" after "2229", substituted "lost revenue" for "costs" after "for", and substituted "the" for "such" after "mandated by" in the first sentence.

* Article 3 was added by Stats. 1975, Ch. 486, p. 1000, in effect September 2, 1975.