California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 20. MUNICIPAL WATER DISTRICTS |
Part 9. TAXES |
Chapter 3. Payments by Public Agencies in Lieu of Taxes |
Section 72130.
Latest version.
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Upon receipt of a certified copy of such declaration, the board of directors of the district may reject such declaration whenever the public agency has, in the preceding five-year period, declared its intention to utilize its funds in lieu of taxes and has failed to meet its obligations thereunder in a timely manner.
(Added by Stats. 1971, Ch. 550.)