California Statutes

§ 65250. — 65250. (Amended by Stats. 1993, Ch. 589, Sec. 78.)

California·Code GOV Government Code - GOV·Div. 1.·Title 7. DIVISION 1. PLANNING AND ZONING·Ch. 3. CHAPTER 3. Local Planning·Art. 4. ARTICLE 4. Long Range Planning Trust Fund
(a)A city with a population in excess of three million may establish a Long Range Planning Trust Fund in accordance with subdivision (b) to consist of those moneys that are voluntarily paid by an assessee of real property on the property tax bill in an amount equal to one dollar ($1) for each parcel of assessed real property of one acre or less, or one dollar ($1) per acre, and any additional fractional portion thereof, for each parcel of assessed real property of more than one acre, and are collected and deposited pursuant to an agreement as described in subdivision (d).
(b)A city as described in subdivision (a) shall establish a Long Range Planning Trust Fund by a resolution, adopted by a majority vote of the city’s governing body. That resolution shall require that moneys in the fund

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California § 65250. (65250. (Amended by Stats. 1993, Ch. 589, Sec. 78.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 1993, Ch. 589, Sec. 78. Effective January 1, 1994.
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