California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
Division 4. FISCAL AFFAIRS |
Part 1. FUNDS FOR SUBVENTIONS |
Chapter 5. Payment of Postponed Property Taxes |
ARTICLE 1. Payments and Liens |
Section 16184.
Latest version.
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The Controller shall reduce the amount of the obligation secured by the lien against the real property or mobilehome by the amount of any payments received for that purpose and by notification of any amounts paid by the Franchise Tax Board pursuant to Section 20564 or by any amounts authorized pursuant to subdivision (f) of Section 20621 of the Revenue and Taxation Code. The Controller shall also increase the amount of the obligation secured by such lien by the amount of any subsequent payments made pursuant to Section 16180 with respect to the real property and to reflect the accumulation of interest. All such increases and decreases shall be entered in the record described in Section 16181.
(Amended by Stats. 1983, Ch. 1051, Sec. 5.)