Section 16142.5 Of Chapter 3. Open-space Subventions From California Government Code >> Division 4. >> Title 2. >> Part 1. >> Chapter 3.
16142.5
. (a) For the fiscal year 1977-78, no payment to a city or
county shall increase or reduce the amount which would have been paid
to the city or county under the provisions of Section 16142 as it
existed on March 1, 1976, as applied to land assessed pursuant to
Section 423 or 423.5 of the Revenue and Taxation Code for the fiscal
year 1977-78, in excess of an amount which is equal to the property
tax derived from a levy at the rate of three cents ($0.03) per
hundred dollars of assessed value.
(b) For fiscal years subsequent to the 1977-78 fiscal year, no
payment to a city or county shall increase or reduce the amount which
was paid in the prior fiscal year in excess of an amount which is
equal to the property tax derived from a levy at the rate of three
cents ($0.03) per hundred dollars of assessed value for the fiscal
year, except as affected by an increase or a reduction in the acreage
assessed under Section 423, 423.3, or 423.5 of the Revenue and
Taxation Code.