Today's Law As Amended


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AB-2480 Local government finance: cities: annexations.(2013-2014)



As Amends the Law Today


SECTION 1.

 Part 1.7 (commencing with Section 16290) is added to Division 4 of Title 2 of the Government Code, to read:

PART 1.7. Payment of Funds for City Annexations

16290.
 (a) There is hereby continuously appropriated from the General Fund to the Controller an amount sufficient to make the payments required by this part.
(b) Beginning on January 10, 2015, and on the 10th of each month thereafter, the Controller shall pay to each city that incorporated before August 5, 2004, an amount equal to the product of the following two amounts:
(1) The quotient derived from the following fraction:
(A) The numerator is the product of the following two amounts:
(i) Fifty dollars ($50) per year.
(ii) The fraction determined as the total amount of vehicle license fee revenue collected during the most recent fiscal year divided by the total amount of vehicle license fee revenue collected during the 2004–05 fiscal year.
(B) The denominator is the fraction determined as the actual population, as defined in subdivision (d) of Section 11005.3, of all cities during the most recent fiscal year, divided by the actual population, as defined in subdivision (d) of Section 11005.3, of all cities in the 2004–05 fiscal year.
(2) The actual population, as defined in subdivision (d) of Section 11005.3, residing in areas annexed after August 5, 2004, as of the date of annexation.
(3) For purposes of this section, “vehicle license fee revenue” means those amounts, less refund, collected pursuant to the Vehicle License Fee Law (Part 5 (commencing with Section 10701) of Division 2 of the Revenue and Taxation Code).