§ 20822
48 words·~1 min read·
/ca/revenue-and-taxation-code/20822A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each participating county shall establish a Property Tax Deferral Fund within its treasury. Expenditures from this fund shall be for the sole purposes of making property tax deferment subvention payments pursuant to subdivision
(c)of Section 20811 and offsetting the county’s administrative costs, as described in Section 20820.