California Streets and Highways Code 22611 – Notwithstanding any other provision of law, the single assessment …
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Notwithstanding any other provision of law, the single assessment district resulting from a consolidation under this article shall assume all assets and liabilities of the districts consolidated and shall be entitled to all of the property tax revenues to which each of the separate districts involved in the consolidation would have been entitled had such districts not been so consolidated.
(Added by Stats. 1979, Ch. 261.)
Terms Used In California Streets and Highways Code 22611
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.