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. (a) For the purposes of this section, a local agency
includes a city, county, city and county, and special district, as
such terms are defined in Article 1 (commencing with Section 2201) of
Chapter 3 of Part 4 of Division 1 of the Revenue and Taxation Code,
if such local agency levied a property tax during the 1977-78 fiscal
year or if a property tax was levied for such local agency for such
fiscal year, except that the Bay Area Pollution Control District
shall be considered a local agency.
(b) For the 1978-79 fiscal year only, the amount of revenue
derived from levying a tax pursuant to subdivision (b) of Section
2237 of the Revenue and Taxation Code shall be allocated by the
county auditor, subject to the allocation and payment of funds, as
provided for in subdivision (b) of Section 33670 of the Health and
Safety Code, to each local agency, school district, county
superintendent of schools, and community college district in the
following manner:
(1) (A) The auditor shall determine the local agency share of
1978-79 property tax revenue by dividing the amount of property tax
revenue received by all local agencies in 1977-78 by the total amount
of property tax revenue received by all local agencies, school
districts, community college districts, and county superintendents of
schools in the 1977-78 fiscal year, and multiplying the quotient by
the total amount of revenue generated pursuant to subdivision (b) of
Section 2237 of the Revenue and Taxation Code.
(B) For each local agency, the county auditor shall compute a
factor equal to the average amount of property tax revenue received
in the three fiscal years prior to the 1978-79 fiscal year by each
local agency within the county, divided by the average amount of
property tax revenue received by all such agencies during the three
fiscal years prior to the 1978-79 fiscal year. The county auditor
shall multiply the factor for each local agency by the amount of
revenue determined pursuant to subparagraph (A).
(C) Notwithstanding subparagraph (B), in each case where a local
agency has been formed in the past three years and has assumed the
duties of another local agency, it shall be entitled to the average
amount of revenue for the prior three years of the local agency from
whom it assumed its duties.
(D) For the purposes of subparagraphs (A) and (B), local agency
shall not include a local agency formed after January 1, 1976.
(2) (A) The county auditor shall determine the school share of the
1978-79 fiscal year property tax revenue by subtracting the local
agency share, as determined under subparagraph (A) of paragraph (1)
of this subdivision, from the total amount of revenue generated
pursuant to subdivision (b) of Section 2237 of the Revenue and
Taxation Code.
(B) For each school district, county superintendent of schools,
and community college district, the county auditor shall compute a
factor equal to the amount of property tax revenue received in the
1977-78 fiscal year by such district and the county superintendent of
schools within the county divided by the total amount of property
tax revenue received by all such districts and the county board of
education in the 1977-78 fiscal year. The county auditor shall
multiply the factor for each school district, county superintendent
of schools, and community college district by the amount of revenue
determined pursuant to subparagraph (A). For the purpose of this
paragraph, local agencies formed after January 1, 1976, shall be
considered school districts.
(3) For the purpose of this subdivision, the amount of proceeds of
any property tax actually and separately levied for the specific
purpose of making annual payments for the interest and principal on
outstanding general obligation bonds or other indebtedness approved
by the voters prior to July 1, 1978, including tax rates levied
pursuant to Part 10 (commencing with Section 15000) of Division 1 of
Sections 39308, 39311, 81338, and 81341 of the Education Code, shall
be excluded from all calculations.
(4) The amounts computed under this subdivision shall be the
amount of property tax revenue to be allocated to each local agency
for the 1978-79 fiscal year.
(5) As used in this section, "property tax revenue" includes the
amount of state reimbursement for the homeowners' and business
inventory exemptions.
(c) For the 1978-79 fiscal year only, the amount of state
reimbursement to each county with respect to property tax losses
pursuant to the homeowners' exemption under Section 218 of the
Revenue and Taxation Code, the business inventory exemption under
Section 219 of the Revenue and Taxation Code, and the special
treatment accorded livestock, motion pictures and wine and brandy
under Sections 5523, 988, and 992, respectively, of the Revenue and
Taxation Code, shall be allocated by each county auditor, subject to
the allocation and payment of funds, as provided in subdivision (b)
of Section 33670 of the Health and Safety Code, to local agencies,
school districts, county superintendents of schools, and community
college districts within the county pursuant to the proportions
established in subdivision (b). This subdivision shall not apply to
reimbursements with respect to tax rates levied to pay the interest
or principal on outstanding general obligation bonds or other
indebtedness approved by the voters prior to July 1, 1978.
(d) For local agencies, school districts, and community college
districts located in more than one county, the county auditor of each
county in which such local agency or district is located shall, for
the purposes of computing the amount for such local agency or
district pursuant to paragraphs (1) and (2) of subdivision (b), treat
the portion of the local agency or district located within that
county as a local agency or district.