A copy of the contract and a copy of each resolution shall be transmitted to the auditor, or officer holding the equivalent position, of each local agency which is a party to the contract. Thereafter, upon the receipt of revenues transmitted by the State Board of Equalization pursuant to § 7204 of the Revenue and Taxation Code, the auditor or equivalent officer shall allocate the funds pursuant to the terms of the contract.

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

Terms Used In California Government Code 55706

  • Contract: A legal written agreement that becomes binding when signed.
  • local agency: means a county, city and county, and city, both chartered and general law. See California Government Code 55700
  • 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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