California Statutes
§ 23262. — 23262. (Added by Stats. 1974, Ch. 1393.)
California·Code GOV Government Code - GOV·Div. 1.·Title 3. DIVISION 1. COUNTIES GENERALLY·Ch. 2. CHAPTER 2. Boundaries·Art. 4.5. ARTICLE 4.5. Alteration of Boundaries
Except as provided by the commission, when the boundary change is effected the territory which is transferred shall be relieved of annual tax liability for the outstanding indebtedness of the transferring county in the year following the year in which the election on the question of the boundary change is held.
Territory remaining in the transferring county when the boundary change is effected shall be relieved of annual tax liability for any outstanding indebtedness of that county which the commission determines is to be assumed by the accepting county. Such relief shall become effective in the year following the year in which the election on the question of the boundary change is held.
Nothing in this section shall be construed as in any way limiting the power of a bondholder to enforce
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California § 23262. (23262. (Added by Stats. 1974, Ch. 1393.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1974, Ch. 1393.