California Government Code 51243.6 – The Legislature finds and declares the following:(a) The …
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The Legislature finds and declares the following:
(a) The enforceability of contracts entered into pursuant to this article is necessary to permit the preferential taxation provided to the owners of land under contract, pursuant to § 8 of Article XIII of the California Constitution.
Terms Used In California Government Code 51243.6
- city: means the county or city having jurisdiction over the land. See California Government Code 51201
- Contract: A legal written agreement that becomes binding when signed.
(b) The option granted to a city pursuant to Section 51243.5 to elect not to succeed to a contract may be held only by the city.
(c) No contracting landowner has a reasonable expectation that a contract can be terminated immediately pursuant to this article without penalty.
(Added by Stats. 2002, Ch. 188, Sec. 2. Effective January 1, 2003.)