(a) On or before June 30, 2011, an eligible county, as described in Section 195.170, shall compute and remit to the Controller for deposit in the General Fund an amount equal to the amount allocated to it by the Controller pursuant to Section 195.171, less the actual amount of its property tax revenue lost on the regular secured and supplemental rolls with respect to those eligible properties described in Section 195.170 as a result of the reassessment of those properties pursuant to paragraph (1) of subdivision (a) of Section 170, excluding any property tax revenue lost by school districts, other than basic state aid school districts, and county offices of education. If the actual amount of property tax revenue lost by an eligible county in the immediately preceding fiscal year, as described and limited in the preceding sentence, exceeds the amount allocated by the Controller to that county pursuant to Section 195.171, the Controller shall allocate the amount of that excess to that eligible county.

(b) For purposes of this section, “basic state aid school district” means any school district that does not receive a state apportionment pursuant to subdivision (h) of § 42238 of the Education Code, but receives from the state only a basic apportionment pursuant to § 6 of Article IX of the California Constitution.

Terms Used In California Revenue and Taxation Code 195.172

  • Controller: means the State Controller. See California Revenue and Taxation Code 21
  • County: includes city and county. See California Revenue and Taxation Code 15
  • Eligible county: means a county that meets both of the following requirements:

    California Revenue and Taxation Code 194

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

(Added by Stats. 2010, Ch. 461, Sec. 4. (AB 2136) Effective September 29, 2010.)