In any case in which a legislative body, by resolution, determines that one or more retailers have been established, or will be established, in one local agency and that consumers residing in one or more other local agencies are, or will be, purchasing tangible personal property from such retailers to the extent that equity requires the revenues of such local agency be distributed in a fair and just manner to all local agencies concerned, a contract may be entered into pursuant to this article to apportion the revenue of the local agency in which such retailers are located. Each local agency desiring to become a party to such a contract, shall, by resolution, so state and name the party authorized by the local agency to sign the contract on the agency’s behalf.

(Added by Stats. 1968, Ch. 991.)

Terms Used In California Government Code 55704

  • Contract: A legal written agreement that becomes binding when signed.
  • legislative body: means the board of supervisors in the case of a county or city and county and the city council or board of trustees in the case of a city. See California Government Code 55701
  • local agency: means a county, city and county, and city, both chartered and general law. See California Government Code 55700
  • Personal property: All property that is not real property.
  • revenue: means revenue derived from the tax collected pursuant to the Bradley-Burns Uniform Local Sales and Use Tax Law provided for in Part 1. See California Government Code 55702
  • State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
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