(A) The provisions of § 3-5.213 of this article shall become operative on January 1 of the year following the year in which the State Board of Equalization adopts an assessment ratio for state-assessed property, which ratio is identical to the ratio which is required for local assessments by the provisions of Cal. Rev. and Tax. Code § 401, at which time the provisions of § 3-5.212 of this article shall become inoperative.
(B) In the event the provisions of § 3-5.213 of this article become operative, and the State Board of Equalization subsequently adopts an assessment ratio for the state-assessed property, which ratio is higher than the ratio which is required for local assessments by the provisions of said Cal. Rev. and Tax. Code § 401, the provisions of § 3-5.212 of this article shall become operative on the first day of the month next following the month in which such higher ratio is adopted, at which time the provisions of said § 3-5.213 shall be inoperative until the first day of the month following the month in which said Board again adopts an assessment ratio for state-assessed property, which ratio is identical to the ratio required for local assessments by the provisions of said § 401, at which time the provisions of said § 3-5.213 shall again become operative and the provisions of said § 3-5.212 shall become inoperative.
('66 Code, § 3-5.214) (Ord. 232-C-S, passed 11-8-73)