Section 4701 Of Chapter 3. Alternative Method Of Distribution Of Tax Levies And Collections And Of Tax Sale Proceeds From California Revenue And Taxation Code >> Division 1. >> Part 8. >> Chapter 3.
4701
. (a) The Legislature hereby finds and declares that it is the
purpose of this chapter to provide an alternative procedure for the
distribution of property tax levies on the secured roll made by
counties on their own behalf or as the tax-levying and tax-collecting
agency for other political subdivisions. The Legislature further
finds and declares that the object of this alternative procedure is
to simplify the tax-levying and tax-apportioning process and to
increase flexibility in the use of available cash resources.
(b) For purposes of this chapter only, the term "secured roll" may
include the supplemental property tax roll as described in Chapter
3.5 (commencing with Section 75) of Part 0.5 of Division 1.