The property of an authority is exempt from all taxes and special assessments of the state or any city, county, or political subdivision of the state. In lieu of these taxes or special assessments the authority may agree to make payments to any city, county, or political subdivision of the state for services, improvements, or facilities furnished by the city, county, or political subdivision for the benefit of an energy project owned by the authority.
Cal. Gov. Code § 52181
Tax Exemption of Community Energy Authority
Known as the Community Energy Authority Act
The act spans §§ 52000 to 52190 (40 sections).
Added by Stats. 1984, Ch. 1550, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.