Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 8. Distribution

CHAPTER 3. Alternative Method of Distribution of Tax Levies and Collections and of Tax Sale Proceed

Section 4701

4701. Purpose. (a) The Legislature hereby finds and declares that it is the purpose of this chapter to provide an alternative procedure for the distribution of property tax levies on the secured roll made by counties on their own behalf or as the tax-levying and tax-collecting agency for other political subdivisions. The Legislature further finds and declares that the object of this alternative procedure is to simplify the tax-levying and tax-apportioning process and to increase flexibility in the use of available cash resources.

(b) For purposes of this chapter only, the term "secured roll" may include the supplemental property tax roll as described in Chapter 3.5 (commencing with Section 75) of Part 0.5 of Division 1.

History.—Added by Stats. 1949, p. 2386, in effect October 1, 1949. Stats. 1998, Ch. 528 (AB 1782), in effect January 1, 1999, lettered the first paragraph as subdivision (a), substituted "The Legislature hereby finds and declares that it is" for "It is hereby declared to be" before "the purpose" in the first sentence, substituted "The Legislature further finds and declares that" for "It is further declared to be" before "the object", substituted "is to simplify" for "to accomplish a simplification of" after "procedure", and substituted "to increase" for "an increase" after "process and" in the second sentence therein; and added subdivision (b).