California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 1. PROPERTY TAXATION |
Part 8. DISTRIBUTION |
Chapter 1c. Redemptions |
Section 4656.3.
Latest version.
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Assessments, and all delinquent penalties, interest and redemption penalties accruing thereon, shall be distributed to each fund in the same proportion as the assessments due each fund bears to the total amount of assessments due at the time of payment.
(Added by Stats. 1974, Ch. 708.)