Taxes shall be distributed to each fund on the basis of the tax rate established for the fiscal year preceding that in which distribution is made and in the same proportion that the tax rate for each fund bears to the total tax rate applicable.
Cal. Rev. & Tax. Code § 4658.2
Delinquent Unsecured Roll
Added by Stats. 1969, Ch. 96.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.