A. Section 3.08.135 of this Subchapter shall become operative on January 1st of the year following the year in which the State Board of Equalization adopts an assessment ratio for state-assessed property which is identical to the ratio which is required for local assessments by Cal. Rev. & Tax. Code § 401, at which time § 3.08.130 of this Subchapter shall become inoperative.
B. In the event that § 3.08.135 of this Subchapter becomes operative and the State Board of Equalization subsequently adopts an assessment ratio for the state-assessed property which is higher than the ratio which is required for local assessments by Cal. Rev. & Tax. Code § 401, § 3.08.130 of this Subchapter shall become operative on the first day of the month next following the month in which such higher ratio is adopted, at which time § 3.08.135 of this Subchapter shall be inoperative until the first day of the month following the month in which the Board again adopts an assessment ratio for state-assessed property which is identical to the ratio required for local assessment by Cal. Rev. & Tax. Code § 401, at which time § 3.08.135 shall again become operative and § 3.08.130 shall become inoperative.
('65 Code, § 33-10) (Ord. No. CS-790 § 2 (part))