Today's Law As Amended


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AB-1955 Common interest developments: assessments.(2007-2008)



As Amends the Law Today


SECTION 1.

 Section 1366.4 is added to the Civil Code, to read:

1366.4.
 Notwithstanding any provision of this title or the governing documents to the contrary, an association shall not levy assessments on separate interests within the common interest development based on the taxable value of the separate interests unless the association, on or before December 31, 2008, in accordance with its declaration, levied assessments on those separate interests based on their taxable value, as determined by the tax assessor of the county in which the separate interests are located.
SEC. 2.
 This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the Constitution and shall go into immediate effect. The facts constituting the necessity are:
In order to end protracted and repetitious litigation on the issue addressed by this act, it is necessary that this act take effect immediately.