Existing law provides, with respect to specified counties that have adopted reassessment ordinances and were declared by the Governor to be in a state of disaster as a result of either the fires occurring in California in October and November of 1993 or the earthquake and aftershocks occurring in California on or after January 17, 1994, for specified state allocations with respect to property tax revenue reductions, as provided, if a claim is submitted by an eligible county on or before December 31, 1994. Existing law continuously appropriates, without regard to fiscal years, moneys in the Special Fund for Economic Uncertainties for purposes of funding these state allocations.
This bill would extend the date for submitting those claims to December 31, 1995. By increasing the number of claims payable from the Special Fund for Economic Uncertainties, this bill would make an appropriation.
This bill would declare that it is to take effect immediately as an urgency statute.