Today's Law As Amended


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AB-1085 Property tax: revenue allocations: County of Madera.(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 96.28 is added to the Revenue and Taxation Code, to read:

96.28.
 (a) Notwithstanding the reallocation or adjustment limits set forth in paragraph (3) of subdivision (c) of Section 96.1, or any other law, the county auditor of the County of Madera shall make an allocation adjustment for the 2005–06 through 2013–14 fiscal years in the full amount of five million eight hundred fifty-six thousand four hundred fifty-seven dollars ($5,856,457) identified in the Controller’s September 2015 audit of the County of Madera for the 2005–06 through 2013–14 fiscal years, less the amount of one million two hundred twenty-eight thousand seven hundred thirty-four dollars ($1,228,734) previously reallocated in accordance with Section 96.1.
(b) The resulting reallocation and transfer of four million six hundred twenty-seven thousand seven hundred twenty-three dollars ($4,627,723) shall be made from the county Educational Revenue Augmentation Fund consistent with both the following:
(1) It is made pursuant to subdivision (c) of Section 96.1, but disregarding the reallocation or adjustment limits set forth in paragraph (3) of subdivision (c) of Section 96.1.
(2) It is completed over a period of nine fiscal years, commencing with the 2021–22 fiscal year, or completed as otherwise negotiated between the County of Madera and the Controller.
SEC. 2.
 The Legislature finds and declares that a special statute is necessary and that a general statute cannot be made applicable within the meaning of Section 16 of Article IV of the California Constitution because of the unique circumstances in the County of Madera related to the need to correct the misallocation of vehicle license fee swap moneys, as identified in the Controller’s audit of that county’s property tax apportionment and allocation system issued on September 9, 2015.
SEC. 3.
 If the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement to local agencies and school districts for those costs shall be made pursuant to Part 7 (commencing with Section 17500) of Division 4 of Title 2 of the Government Code.