California § 51299.3. 51299.3. (Added by Stats. 2025, Ch. 493, Sec. 2.)

California Statutes

§ 51299.3. — 51299.3. (Added by Stats. 2025, Ch. 493, Sec. 2.)

California § 51299.3.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.1.

Title 5.DIVISION 1. CITIES AND COUNTIES

Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES

Ch. 9.CHAPTER 9. Adaptive Reuse Investment Incentive Program

This text of California § 51299.3. (51299.3. (Added by Stats. 2025, Ch. 493, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 51299.3. (2026).

Text

A city or special district may pay to the city or county, or city and county, an amount equal to the amount of ad valorem property tax revenue allocated to that city or special district, but not the actual allocation, derived from the taxation of that portion of the total assessed value of that real property that is in excess of the property’s valuation at the time of the proponent’s initial request for funding, for the purpose of subsidizing the affordable housing units required pursuant to Article 11.5 (commencing with Section 65658) of Chapter 3 of Division 1 of Title 7.

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A city or special district may pay to the city or county, or city and county, an amount equal to the amount of ad valorem property tax revenue allocated to that city or special district, but not the actual allocation, derived from the taxation of that portion of the total assessed value of that real property that is in excess of the property’s valuation at the time of the proponent’s initial request for funding, for the purpose of subsidizing the affordable housing units required pursuant to Article 11.5 (commencing with Section 65658) of Chapter 3 of Division 1 of Title 7.