California Statutes
§ 4672.1. — 4672.1. (Amended by Stats. 2004, Ch. 407, Sec. 11.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 1. DIVISION 1. PROPERTY TAXATION·Part 8. PART 8. DISTRIBUTION·Ch. 1.3. CHAPTER 1.3. Distribution of Proceeds From Sale of Tax-Deeded Property
(a)There shall be distributed to the county general fund to reimburse the county for the cost of conducting the sale, one hundred fifty dollars ($150) for all or any portion of each separately valued parcel of real property subject to a power of sale pursuant to Section 3691 and sold to private parties or to a taxing agency.
(b)The one hundred fifty dollars ($150) required to be distributed pursuant to subdivision (a), shall be paid from the total proceeds of the sale only after satisfaction of the amount specified in Section 4672. If the amount of proceeds from the sale is insufficient, the one hundred fifty dollars ($150) shall be reduced accordingly.
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California § 4672.1. (4672.1. (Amended by Stats. 2004, Ch. 407, Sec. 11.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2004, Ch. 407, Sec. 11. Effective January 1, 2005.